USAAZPhoenixValencia Acres3311 N 32Nd St
OFC - 3311 N 32 Nd St, Home with 0 bedrooms, 0 bathrooms and 8 parking in Phoenix AZ | Image 1
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$1,195,000

Ofc - 3311 N 32 Nd St, Phoenix, AZ

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage No
Maintenance Fees 
Taxes $2,294
Days Active 19
Approx. Age 1965
MLS® Number 6897503

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Just listed in a prime central Phoenix location—3311 N 32nd St is a well-maintained 4-plex offering strong rental income and room for upside. Situated in a rapidly developing area with easy access to dining, shopping, and major freeways, this property is ideal for both seasoned investors and those entering the multi-family market. The current rents are solid with Unit 1 leasing at $1, 300 and Unit 4 at $1, 200, both on 12-month leases. Unit 2 is currently rented at $1, 000 month-to-month, and Unit 3 is bringing in $946 month-to-month, allowing flexibility for future rent adjustments or improvements. All four units have received updates over time, making them more appealing to tenants and minimizing turnover concerns. Major system upgrades have already been taken care of, including all A/C A/C units being less than five years old and a newer roofsaving you on future capital expenses. With two of the units on month-to-month terms, there's an immediate opportunity to increase rents or further enhance the units to boost long-term returns. This is a great opportunity to own a cash-flowing asset in one of Phoenix's most desirable rental corridors.Show Description
MLS® Number6897503
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1965
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric, Natural Gas
A/CEvaporative Cooling
Heating Fuel

Extras

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