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3139 N 40th St
Phoenix, AZ 85018
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Property had a 2-year tenant paying $24K/mo and averaged $28K/mo in January, February and March of 2025.
EXECUTIVE SUMMARY
On nearly a half-acre in Arcadia Lite, this property has a 3 bed & 2 bath single family house and a four plex. Each unit of the four plex is a full 1 bed & 1 bath with private backyard areas. This property is the perfect opportunity for a long-term rental, short-term rental, sober living, residential assisted living, etc! Full cosmetic remodel completed in 2022, this property is an investors dream. The property is equipped with a pool which is closed off to only the main house, putt-putt golf, and bocce ball. Block walls around the perimeter of the house give full privacy. Property had a 2 year tenant paying $24K/mo and averaged $28K/mo in January, February and March of 2025. The property has great value-add opportunity if additional units were placed on the property.
PROPERTY FACTS
| Price Per Unit | $529,800 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 9.44% | Building Size | 4,186 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1955/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.91/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R1-6 - Single family Homes and Multi-Family | ||
| Price Per Unit | $529,800 |
| Sale Type | Investment |
| Cap Rate | 9.44% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 4,186 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2022 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | R1-6 - Single family Homes and Multi-Family |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Breakfast Nook
- Smoke Free
SITE AMENITIES
- Pool
- Individual Locking Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 680 |
| 3+2 | 1 | - | 1,748 |
PROPERTY TAXES
| Parcel Number | 127-15-048 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $27,203 |
PROPERTY TAXES
Parcel Number
127-15-048
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$27,203
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