3027 N 37TH Street, Phoenix, AZ 85018
$1,995,640
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,995,640
Last Modified:
1/15/2026
Description
Rare Phoenix investment! 7-unit Citrus Acres gem with upgraded, move-in-ready units full of charm—rents fast and cash flows strong. Just steps from high-end Arcadia, this rapidly gentrifying area is booming with demand for quality rentals. This is 1/3 of a 21-unit portfolio, offering savvy investors the option to acquire a larger package at a discounted rate. Perfect for instant income, long-term appreciation, and growth in one of Phoenix's hottest up-and-coming neighborhoods!
More Information MLS# 6969185
Contract Info
Current Price: $1,995,640
List Price: $1,995,640
Status: Active
List Date: 2026-01-15
Ownership: Fee Simple
Location Tax Legal
House Number: 3027
Compass: N
Street Name: 37TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 7020
County Code: Maricopa
Subdivision: CITRUS ACRES LOTS 1 THRU 20
Assessor Number: 127-22-035
Tax Year: 2025
General Property Description
Lot Size Dimensions: 300' x 80'
Year Built: 1964
Uncvrd Parking Spcs: 7
Total # of Units: 7
# of Buildings: 1
Zoning: R-3
Flood Zone: No
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Monte Vista Elementary School
Jr. High School: Monte Vista Elementary School
High School: North High School
Remarks Misc
Cross Street: Thomas and 37th Street
Directions: North on 37th Street from Thomas - Property on right hand side
Geo Lat: 33.483289
Geo Lon: -112.001437
Legal Info
Township: 2N
Range: 3E
Section: 25
Lot Number: 65
Income Expenses
Gross Annual Sch Inc: 88200
Net Operating Income: 82026
Showing Notification Methods
Showing Service: Aligned Showings
Efficiency Units
# Efficiency Units: 7
Avg Rent: 1175
Avg SqFt: 675
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1150
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1300
Avg SqFt: 750
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Tile; Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: Built-In Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave
Heating: Forced Air
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office: Platinum Realty Group
Last Updated: January - 15 - 2026
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