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    3426 N 38TH Street , #4

    Phoenix, AZ 85018
    • $2,975,000
    • STATUS: Active
    • ON SITE: 39 days
    • MLS #: 6280531
    UPDATED: 154 min ago
    $2,975,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Description

    Sandstone Condominiums is a low density, single story, garden style condo community located in the highly sought after 85018 area code. The property offers several potential options for investors by 100% of the ownership of the community. It has been previously been approved for 15 luxury townhomes, It can be updated and sold off individually , or can be updated for a light value add. The community is comprised of 10 1 bed/1 bath 676SF units, 1 junior 1 bed/1 bath 468SF unit, and one 2 bed/1 bath 1008SF casita. All units have in suite laundry & under roof parking next to each unit. The community offers a private pool and a large greenbelt with several large shade trees. Roof was replaced within the last year. Seller will consider carry or wrap financing with 40% or more down.

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams Realty Phoenix. Data last updated 2021-09-26T00:11:58.023.
    www.searchallhouses.com/homes/120566986
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    3426 N 38TH Street , #4 Phoenix, AZ 85018

    • Price: $2,975,000
    • Status: Active
    • Updated: 154 min ago
    • MLS #: 6280531
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1960
    Built
    Neighborhood:
    Sandstone Condominiums
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    014 - Creighton Elementary District
    Property Description
    Sandstone Condominiums is a low density, single story, garden style condo community located in the highly sought after 85018 area code. The property offers several potential options for investors by 100% of the ownership of the community. It has been previously been approved for 15 luxury townhomes, It can be updated and sold off individually , or can be updated for a light value add. The community is comprised of 10 1 bed/1 bath 676SF units, 1 junior 1 bed/1 bath 468SF unit, and one 2 bed/1 bath 1008SF casita. All units have in suite laundry & under roof parking next to each unit. The community offers a private pool and a large greenbelt with several large shade trees. Roof was replaced within the last year. Seller will consider carry or wrap financing with 40% or more down.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 12.00 Lot Size Dimensions Irr Parking Attached Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 640 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 1008 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorW/D Hookup Cooling ElectricIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileConcrete Heating IndividualNatural Gas

    Property Features

    1 Bedroom Unit Avg Rent 1099.00 1 Bedroom Units 11 2 Bedroom Unit Avg Rent 1350.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 151654.08 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 4451.00 Annual Landscape Exp 3240.00 Annual Maint Exp 7200.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 10063.00 Community Amenities Pool Cross Street 38th St & Indian School Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas Sw Gas Gross Annual Sch Inc 152400.00 Hoa YN No Net Operating Income 122728.00 New Financing ConventionalSeller May CarryWraparound Operating Exp 25281.00 Other Income 5573.00 Owner Pays See Remarks Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 327.00 Tenant Pays ElectricGasWater Vacancy Allowance 0.04 Water City FranchiseSubmetered System Zoning R-3

    Listing courtesy of S. J. Fowler Real Estate Inc..


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams Realty Phoenix. Data last updated 2021-09-26T00:11:58.023.
     
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    Keller Williams Realty Phoenix
    3920 South Rural Road Suite 110
    Tempe AZ, 85282