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+16232069936
Loving Phoenix Team | Real Broker
17851 N 40th Street, Phoenix, AZ 85032
- $810,000
- Sold Price
- $810,000
- List Price
- $849,000
- Closing Date
- Jul 28, 2025
- Days on Market
- 29
- Status
- CLOSED
- MLS#
- 6875080
- City
- Phoenix
- Year Built
- 1981
Property Description
Turnkey cash-flowing opportunity in the highly desirable Paradise Valley/Phoenix corridor! This well-maintained 4-unit garden-style complex features all 2 bed / 1 bath units with solid tenant demand and upside potential. Grossing $6,500 a month. Situated in the thriving 85032 ZIP code, close to major freeways, shopping, and the Paradise Valley Mall redevelopment. Whether you're a seasoned investor or new to multifamily, this 8.25% cap rate property delivers immediate returns in one of Phoenix's most active rental markets. Looking for steady income and long-term appreciation? This is the one.
Additional Information
- Community Features
- Other
- Construction
- Block, Stucco
- Cooling
- Central Air, Ceiling Fan(s)
- Electric
- APS, Individual Meter
- Flooring
- Ceramic Tile
- Heating
- Electric
- New Financing
- VA Loan, FHA, Conventional, 1031 Exchange, Cash
- Parking Features
- Paved, Carport
- Roofing
- Composition
- Taxes
- $1,817
- Tax Year
- 2024
- Tenant Pays
- Electricity, See Remarks
- Units
- 4
- Water
- City Franchise
- Zoning
- M-M
Courtesy of eXp Realty. 888-897-7821 Selling Office: eXp Realty.
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