$4,800,000
$5,500,000
12.7%For more information regarding the value of a property, please contact us for a free consultation.
2939 N 36TH Street Phoenix, AZ 85018
Key Details
Sold Price $4,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Citrus Acres Lots 21-60
MLS Listing ID 6533594
Sold Date 07/03/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1981
Annual Tax Amount $13,503
Tax Year 2022
Lot Dimensions 20868
Property Description
Originally built in 1981, Avanti Estates has recently undergone extensive improvements including a new roof, resurfaced pool. 90% of the units have been updated with new flooring, appliances, bathrooms and cabinets. The addition of covered parking has allowed for additional income. 85% of the units have received new air conditioning units. The current management is in the process of turning the water, sewer, and trash over to the tenant allowing for a potential gain of 24K a year in profit. All of Avanti Estate units are metered individually for electric.
With a sales price of $5, 500,000, averaging $183,000 per unit, Avanti Estates is an outstanding opportunity for investors.
*Seller may carry with the right offer.
Location
State AZ
County Maricopa
Community Citrus Acres Lots 21-60
Zoning R4A
Direction Just north of Thomas on 36th Street. Property on the east side of the street
Interior
Heating Electric
Cooling Individual, Electric
Flooring Concrete
Appliance BI OvenRange
Exterior
Community Features No Pool
Waterfront No
Roof Type Foam
Total Parking Spaces 37
Building
Sewer Public Sewer
Water City Franchise
Schools
Elementary Schools Creighton Elementary School
Middle Schools Creighton Elementary School
High Schools Camelback High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 127-22-011-A
Acceptable Financing CTL, Conventional
Listing Terms CTL, Conventional
Financing Conventional
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Bought with ABI Multifamily