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3120 N 37TH Street, Phoenix, Arizona

$2,149,900Active

3120 N 37TH Street, Phoenix, Arizona 85018
HomeSmart - MLS® ID: 5615341

Property Details

3120 N 37TH Street, Phoenix, Arizona 85018 - INVESTMENT OPPORTUNITY - 7 Units 100% occupied. 3 bed 2.5 bath 1,680+ sq ft, most with 2 car garage. No HOA, 2017 Build, low maintenance. Tenants pay all utilities. A NNN investment with $118,600 NOI! New build means no major capital expenditures for 7-10 years. Also, units are platted as single family attached, so re-sale potential in 5-7 years can add significant residual return. Also the duplex building configuration makes reselling as combinations of duplex, 3-plex and 4-plex to move-up investors a viable exit strategy.Area is exploding with new infill and national builders in the area like DR Horton selling-out their infill communities. Units are close to shopping, employment, entertainment, restaurants and transportation corridors. Additional 7 units available at 3010 N 37th

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Amenities

  • Zip85018
  • CountyMaricopa
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-Family
  • Zoning typeR-3
  • School districtPhoenix Union High School District
  • Elementary schoolCreighton Elementary School
  • Junior highCreighton Elementary School
  • High schoolCamelback High School
  • Year built2017
  • Lot size67 x 299
  • SewerSewer - Public
  • HeatingElectric
  • CoolingHeat Pump
  • ParkingAuto Door Opener
  • Tax amount$8,400.00
  • Office IDcril01
  • Agent IDss638
  • Agent nameSteven Skarphol
  • MLS® ID5615341

Broker: HomeSmart

Listing Courtesy of HomeSmart

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“Best realtor we have ever worked with. The virtual tour of our house that she prepared was outstanding!! She is extremely professional and knowledgeable. We would have no reservations in recommending Kris to anyone who wants to buy or sell a house.”

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