Homes for sale - 3311 N 32ND Street #OFC, Phoenix, AZ 85018

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Dylan Schwarm

dylan@smithphx.com +1(541) 973-9945

$ 1,195,000

Est. payment | -/mo

Save

$ 1,195,000

Est. payment | -/mo

Save

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

Listed by Venture REI, LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(541) 973-9945

dylan@smithphx.com

7316 E 6th Ave, Scottsdale, AZ, 85251

3311 N 32ND Street #OFC Phoenix, AZ 85018