3311 N 32ND Street #OFC new Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85018
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Valencia Acres
MLS Listing ID 6897503
Year Built 1965
Annual Tax Amount $2,294
Tax Year 2024
Lot Dimensions 19,300
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Just listed in a prime central Phoenix location—3311 N 32nd St is a well-maintained 4-plex offering strong rental income and room for upside. Situated in a rapidly developing area with easy access to dining, shopping, and major freeways, this property is ideal for both seasoned investors and those entering the multi-family market. The current rents are solid with Unit 1 leasing at $1,300 and Unit 4 at $1,200, both on 12-month leases. Unit 2 is currently rented at $1,000 month-to-month, and Unit 3 is bringing in $946 month-to-month, allowing flexibility for future rent adjustments or improvements. All four units have received updates over time, making them more appealing to tenants and minimizing turnover concerns. Major system upgrades have already been taken care of, including all A/C A/C units being less than five years old and a newer roofsaving you on future capital expenses. With two of the units on month-to-month terms, there's an immediate opportunity to increase rents or further enhance the units to boost long-term returns. This is a great opportunity to own a cash-flowing asset in one of Phoenix's most desirable rental corridors.
Location
State AZ
County Maricopa
Community Valencia Acres
Zoning R4
Direction South on 32nd Street to Property
Interior
Heating Electric,Natural Gas
Cooling Evaporative Cooling
Flooring Carpet,Ceramic Tile
Appliance Disposal,Washer/Dryer
Exterior
Parking Features 1 Space/Unit,<1 Space Per Unit
Community Features No Pool
Roof Type Composition
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Monte Vista Elementary School
Middle Schools Monte Vista Elementary School
High Schools Camelback High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 127-32-021-B
Acceptable Financing Conventional
Listing Terms Conventional