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$4,350,000
3024 N 39th St, Phoenix, AZ 85018
0 Beds
0 Baths
n/a SqFt

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Tower Villa is a 14-unit apartment community located in the Arcadia Lite neighborhood just south of the 39th Street and Earll Drive intersection, an area defined by its centrality among the high-profile professional & lifestyle prospects of the Camelback, Innovation, and 44thStreet/Gateway Corridors. Positioned between bustling downtown Phoenix, burgeoning midtown, and the posh communities of Arcadia and Biltmore, Tower Villa achieves an optimal balance between live, work, and play.Developed in 1957, the property offers 10 one- and 4 two-bedroom units, with a total average unit size of 771 square feet. Future ownership will have the luxury of acquiring a turn-key asset with immediate cash flow, while also having room for rent growth as turnover provides the ability to mark to market.
  • Price:
  • $4,350,000
  • Year Built:
  • 1957
  • Listing ID #:
  • 6389753
  • Street Address:
  • 3024 N 39th St
  • City:
  • Phoenix
  • State:
  • Arizona
  • Postal Code:
  • 85018
  • County:
  • Maricopa
  • Listing Status:
  • Active
  • Listing Type:
  • ResidentialMultiFamily
School District: 210 - Phoenix Union High School District
  • Construction Description:
  • Block
  • Exterior Features:
  • Fenced, Green Landscaping, Patio/Balcony
  • Flooring:
  • Vinyl
  • Number Of Units:
  • 14.00
  • Siding:
  • Painted
  • Type Of Roof:
  • Comp Shingle
  • Year Built:
  • 1957
  • Adjusted Gross Income:
  • 254847.95
  • Annual Electric Expenses:
  • 13797.00
  • Annual Insurance Expenses:
  • 2207.00
  • Annual Landscape Expenses:
  • 4200.00
  • Annual Legal & Accounting Expenses:
  • 4200.00
  • Annual Maintenance Expenses:
  • 9450.00
  • Annual Management Expenses:
  • 11795.00
  • Net Operating Income:
  • 195759.00
  • Operating Expense:
  • 59362.00
  • Conforms To Zoning:
  • R-3
  • Community Features:
  • No Pool
  • Included In Sale:
  • Land & Building
  • Terms:
  • 1031 Exchange, Conventional, No Carry
  • Owner Pays:
  • Electric, Sewer, Trash Collection, Water
  • Property Taxes:
  • $7,763
  • Tenant Pays:
  • Electric
  • Covered Parking Spaces:
  • 15.00
  • Parking Description:
  • >1 Space Per Unit
  • Parking Spaces:
  • 24.00
  • Appliances:
  • Bi Oven/Range, Refrigerator
  • Cooling System:
  • Window/Wall Unit
  • Electricity:
  • Individual Meter, Srp
  • Existing Water:
  • Master Meter
  • Gas:
  • Sw Gas
  • Heating:
  • Wall Furnace
  • Sewage Type:
  • Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listings Provided by Marcus & Millichap
  • ARMLS

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