Address
3024 N 39Th Street, Phoenix, AZ
Price
$ 4,350,000
Property Attributes
  • MLS#6389753
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85018
  • Style
  • Year Built1957
  • Taxes$ 7763
  • Price$ 4,350,000
  • Bedrooms18
  • Full Bathrooms116
  • Half Bathrooms0
  • Sqr Footage10800
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Tower Villa is a 14-unit apartment community located in the Arcadia Lite neighborhood just south of the 39th Street and Earll Drive intersection, an area defined by its centrality among the high-profile professional & lifestyle prospects of the Camelback, Innovation, and 44thStreet/Gateway Corridors. Positioned between bustling downtown Phoenix, burgeoning midtown, and the posh communities of Arcadia and Biltmore, Tower Villa achieves an optimal balance between live, work, and play.Developed in 1957, the property offers 10 one- and 4 two-bedroom units, with a total average unit size of 771 square feet. Future ownership will have the luxury of acquiring a turn-key asset with immediate cash flow, while also having room for rent growth as turnover provides the ability to mark to market.

Price History
4/27/2022 Listed $4,350,000

General Features

1 Bedroom Units: Avg Rent 1475.00
2 Bedroom Units: Avg Rent 1675.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
City Phoenix
Construction Block
Cooling Window/Wall Unit
County Maricopa
Electric Individual Meter, SRP
Exterior Features Fenced, Green Landscaping, Patio/Balcony
Features No Pool
Gas Y/N SW Gas
Geo Lat 33.483179
Geo Lon -111.99826
Heating Wall Furnace
Map Code/Grid P35
Net Income 195759.00
New Financing 1031 Exchange, Conventional, No Carry
Owner Pays Electric, Sewer, Trash Collection, Water
Parking >1 Space Per Unit
Property Type F
Public Remarks Tower Villa is a 14-unit apartment community located in the Arcadia Lite neighborhood just south of the 39th Street and Earll Drive intersection
Roof Comp Shingle
School District 014 - Creighton Elementary District
Sewer Sewer - Public
Status Active
Street Name 39th
Tax Municipality Phoenix
Taxes 7763.00
Tenant Pays Electric
Water Master Meter
Year Built 1957
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 10
1 Bedroom Units: # Baths 10
1 Bedroom Units: Avg Sqft 750
2 Bedroom Units: # 2 Bedroom Units 4
2 Bedroom Units: # Baths 4
2 Bedroom Units: Avg Sqft 825
Appliances Included BI Oven/Range, Refrigerator
Floors Vinyl
Street Suffix Street
Total Number of Units 14.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 15.00
Lot Size Dimensions 40, 383.00
Total Parking Spcs 24.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85018

Price
AVG $2.12M
$4.35M
Taxes
AVG $3,654
$7,763
Visits
AVG 42
140
Year Built
AVG 1956
1957
Walkscore
AVG 70
68
Data Provided by Walkscore ® not using MLS data

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