About This Home

This 17-bedroom, 10-bathroom residential multi family at 2925 N 38TH Street in Phoenix, AZ is listed for $900,000. Built in 1964, on a N/A lot.

Key Features

  • Built in 1964
  • Private pool

Property Details

10 full
1964

Amenities

PoolA/C
Listing 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.

Monthly Cost Estimate

$4,813/mo

20% down · 6.5% · 30 years

Principal$651
Interest$3,900
Insurance$263

Estimates only. Actual payments may vary.

Location

2925 N 38TH Street

Phoenix, AZ 85018

CITRUS ACRES LOTS 1 THRU 20

Property Details

Flooring

Laminate

Construction

Painted Stucco Block

Pool Features

Pool

Heating

Forced Air

Cooling

Central Air

Appliances

DishwasherRefrigeratorMicrowave

Questions & Answers

This 17-bedroom, 10-bathroom residential multi family at 2925 N 38TH Street is listed at $900,000. The estimated monthly payment is $4,814 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1964, Private pool.

This property is listed by Heather Openshaw.

HO

Heather Openshaw

Agent at Integrity First LLC

Listed by Integrity First LLC · Broker phone: (480) 854-2400 · View on Broker Site

MLS# 7013792· Source: Arizona Regional Multiple Listing Service, Inc.· 196 days on PropertySimple

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2925 N 38TH Street, Phoenix, AZ 85018

Open this listing in: