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33860580
33860579

3141 North 37th Street, Phoenix, AZ 85018

PB
AZ SA671037000
Marcus & Millichap - Phoenix
AS
AZ SA659585000
Marcus & Millichap - Phoenix
DM
AZ SA101706000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix
$3,340,000
7 days on market
Updated 7 days ago

Villa Siena

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,900
Net Rentable (SqFt) 11,900
Units 14
Cap Rate 5%
NOI $167,068
Occupancy 100%
Tenancy Multi
Price per SqFt $281
Class B
Year Built 1967
Year Renovated 2019
Buildings 6
Lot Size (SqFt) 38,650
Zoning R-3
Parking Spaces 1.86 per unit
Investment Type Stabilized

Arcadia Lite Location | Private Yards, Direct-Access Carports, Renovated w. In-suite laundry

Marketing description

Built in 1967 and renovated in 2019, Villa Siena is entirely comprised of two-bedroom, one-bathroom floorplans. The clean, modernized interiors have been renovated with stainless steel appliances, quartz countertops, new shaker cabinets, wood-style vinyl flooring, and in-suite individual washers and dryers. Each unit also features a spacious private backyard and two tandem covered parking spots offering each resident direct access to their adjacent unit. Future ownership has the opportunity of capitalizing on the ability to acquire a turn-key asset in a top-tier location at a basis significantly lower than the relevant comp-set.

Investment highlights

Renovated multifamily community including in-suite washer and dryers. Located within Phoenix's coveted Arcadia Lite submarket.

Unit mix entirely comprised of two-bedroom floorplans featuring spacious private backyards and covered direct-access parking.

Attractive acquisition basis considerably below the relevant comp-set.

Listing Contacts

PB
AZ SA671037000
Marcus & Millichap - Phoenix
AS
AZ SA659585000
Marcus & Millichap - Phoenix
DM
AZ SA101706000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$167,068.00
$13,922.33/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

Map

Zoning

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R-3 ResidentialMulti FamilyMultifamily Residence
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View all 73 uses
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Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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