3702 E Polk Street, Phoenix, AZ 85008

Property Description

Exceptional investment opportunity to acquire a well-located four-unit apartment Ideally situated just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, this property offers strong rental demand and outstanding value-add potential. The property features four 2-bedroom, 1-bathroom units, providing an attractive unit mix for tenants. Investors will appreciate the significant upside in rental income, with below-market rents offering the opportunity to increase cash flow over time. Recent capital improvements include a roof replaced approximately 6 years ago and two HVAC units replaced approximately 5 years ago, helping to minimize near-term maintenance costs. Each unit is individually metered for electricity, while low City of Phoenix water, sewer, Trash and taxes contribute to an efficient operating expense ratio. All facts and figures are approximate, buyer to verify to their own satisfaction.

Listing Status:

Pending

Date Added:

July 17, 2026

Data Last Updated:

August 15, 2026 at 4:06AM

Listing Office:

Levrose Real Estate : 480-947-0600

Listing Agent:

Eric P Hegarty : 480-329-6083

MLS ID:

7055439

Interior

• Flooring: TileCarpetVinyl
• A/C: Heat PumpIndividual
• Heating: IndividualElectric

Exterior

• Parking: >1 Space Per UnitParking spaces: 8

Construction

• Roofing: Composition
• General: StuccoBlock

Location

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

Lot

• Zoning: R-312114048

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2