2925 N 38TH Street, Phoenix, AZ 85018

Property Description

FULLY REMODELED UNITS! This multi-family property presents a strong, turnkey investment opportunity with immediate and reliable cash flow. The asset consists of four units, including two 2 bedroom 2 bath units and two 1 bedroom 1 bath units, offering a desirable unit mix that attracts a broad tenant base. Each unit has been thoughtfully upgraded with modern finishes, minimizing near term capital expenditures and reducing ongoing maintenance concerns. The 2 bedroom units average approximately 850 square feet, while the 1 bedroom units offer around 700 square feet, providing efficient and highly rentable layouts. The property delivers excellent income performance, with all units renting at 1,200 per month, creating consistent and predictable revenue. This makes it an ideal opportunity investors seeking stable cash flow, strong rental demand, and a low maintenance asset. With its combination of renovations, solid in place rents, and appealing unit mix, this property is well positioned for long term appreciation and continued income growth.

Listing Status:

Active

Date Added:

April 14, 2026

Data Last Updated:

April 15, 2026 at 11:07PM

Listing Office:

Keller Williams Integrity First : 480-854-2400

Listing Agent:

Heather Openshaw : 480-462-5939

MLS ID:

7013792

Interior

• Flooring: Laminate
• A/C: Central Air
• Heating: Forced Air

Exterior

• Parking: PavedFreeAdd'l Parking Avail>1 Space Per UnitParking spaces: 10

Construction

• Roofing: Foam
• General: PaintedStuccoBlock

Location

• Road/Access: Asphalt
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Creighton Elementary District
• County: Maricopa

Lot

• Zoning: multi12721008C

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2