3311 N 32nd Street Unit OFC, Phoenix, AZ 85018
- $1,195,000
- List Price
- $1,195,000
- Days on Market
- 26
- Status
- ACTIVE
- MLS#
- 6897503
- City
- Phoenix
- Subdivision
- Valencia Acres
- Year Built
- 1965
Property 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.
Additional Information
- Elementary School
- Monte Vista Elementary School
- High School
- Camelback High School
- Middle School
- Monte Vista Elementary School
- School District
- Phoenix Union High School District
- Community Features
- No Pool
- Construction
- Brick
- Cooling
- Evaporative Cooling
- Electric
- APS
- Flooring
- Carpet, Ceramic Tile
- Heating
- Electric, Natural Gas
- New Financing
- Conventional
- Parking Features
- 1 Space/Unit, <1 Space Per Unit
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Valencia Acres
- Taxes
- $2,294
- Tax Year
- 2024
- Units
- 4
- Water
- City Franchise
- Zoning
- R4
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Listing courtesy of Venture REI, LLC.
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