3016 N 37 Street, Phoenix, AZ 85018
$1,995,624
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,995,624
Last Modified:
1/26/2026
Description
Rare 7-Unit Investment Opportunity in Prime East Phoenix. Fully occupied and located near 40th St & Thomas Rd in the desirable Citrus Acres / Arcadia-adjacent area. This up-and-coming corridor is surrounded by new construction, redevelopment, popular restaurants, shopping, and easy access to Arcadia, Biltmore, and major freeways. The property features clean, well-maintained, low-maintenance units with strong in-place income and future upside. Excellent long-term hold with value-add potential, including possible expansion or redevelopment of the lot (buyer to verify zoning). A solid, income-producing asset in one of Phoenix's most dynamic growth areas. This listing is part of a 21-unit package.
More Information MLS# 6974495
Contract Info
Current Price: $1,995,624
List Price: $1,995,624
Status: Active
List Date: 2026-01-25
Ownership: Fee Simple
Location Tax Legal
House Number: 3016
Compass: N
Street Name: 37
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
County Code: Maricopa
Assessor Number: 127-22-019-A
Tax Year: 2024
General Property Description
Lot Size Dimensions: 195' x 67'
Year Built: 1945
Uncvrd Parking Spcs: 7
Total # of Units: 7
# of Buildings: 1
Zoning: R-3
Remarks Misc
Cross Street: 37th street and Thomas
Directions: North from Thomas on 37th street to property
Geo Lat: 33.482926
Geo Lon: -112.002458
Legal Info
Lot Number: 14
Income Expenses
Gross Annual Sch Inc: 90300
Net Operating Income: 90300
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 1030
Avg SqFt: 450
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1350
Avg SqFt: 750
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building
Community Features: See Remarks
Exterior Amenities: Desert Landscaping; Fenced
Interior Features: Mini Blinds
Appliances Included: Built-In Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave
Heating: Forced Air
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: >1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Trash Collection
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Cash; Conventional
Environmental: None
Listing Office: Platinum Realty Group
Last Updated: January - 26 - 2026
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