2929 N 38TH Street

    Phoenix, AZ 85018
    • $6,400,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 6051587
    UPDATED: 47 min ago
    $6,400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:
    Area:

    School Ratings & Info

    Description

    The Tides at 38th is a 45-unit, garden-style apartment communitylocated in the strong East Phoenix rental submarket of Arcadia Lite. Thecommunity was constructed in 1967 using masonry block and fullyrepositioned in 2019. The property consists of (44) one-bed / one-bathand (1) two-bed / one-bath unit types. The property has been fullyrenovated with modern interiors which feature new shaker cabinets anda stainless-steel appliance package which includes a refrigerator,dishwasher, microwave, and gas range. Select units enjoy theconvenience of an in-suite washer and dryer and value-add for theproperty is available through the addition of washers and dryers to theremaining units.

    Monthly Payment Calculator



    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Laughton Team | My Home Group. Data last updated 2020-04-01T18:11:42.49.
    www.myphoenixhomesearch.com/homes/104243700

    2929 N 38TH Street Phoenix, AZ 85018

    • Price: $6,400,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 6051587
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1967
    Built
    Neighborhood:
    Citrus Acres Lots 21-60
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    014 - Creighton Elementary District
    Property Description
    The Tides at 38th is a 45-unit, garden-style apartment communitylocated in the strong East Phoenix rental submarket of Arcadia Lite. Thecommunity was constructed in 1967 using masonry block and fullyrepositioned in 2019. The property consists of (44) one-bed / one-bathand (1) two-bed / one-bath unit types. The property has been fullyrenovated with modern interiors which feature new shaker cabinets anda stainless-steel appliance package which includes a refrigerator,dishwasher, microwave, and gas range. Select units enjoy theconvenience of an in-suite washer and dryer and value-add for theproperty is available through the addition of washers and dryers to theremaining units.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Lot Size Dimensions Unknown Parking >1 Space Per Unit Roads Asphalt Roofing Comp ShingleOther (See Remarks)Shake

    Interior Features

    1 Bedroom Unit Avg Sq Ft 450 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 1150 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorDishwasherDisposalMicrowave Cooling Other (See Remarks) Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl/Composition Heating Other (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 981.00 1 Bedroom Units 44 2 Bedroom Unit Avg Rent 1150.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 533231.97 Annual Elec Exp 70317.00 Annual Gas Exp 0.00 Annual Ins Exp 9000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 4500.00 Annual Legal And Acctg 0.00 Annual Maint Exp 15750.00 Annual Mgmt Exp 32225.00 Annual Other Expense 4500.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 11250.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities Pool(S) Cross Street 40th Street & Thomas Rd Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 531480.00 Hoa YN No Net Operating Income 351049.00 New Financing Other (See Remarks) Operating Exp 164308.00 Other Income 44987.00 Owner Pays WaterSewerElectricTrash CollectionPool/Spa Maintenance Project Type 25 - 50 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 16766.00 Tenant Pays Other (See Remarks) Vacancy Allowance 0.07 Water City Franchise Zoning R-4

    Listing courtesy of Abi Multifamily.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Laughton Team | My Home Group. Data last updated 2020-04-01T18:11:42.49.
     
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