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17851 N 40TH Street Phoenix, AZ 85032
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Key Details
Sold Price $810,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6875080
Sold Date 07/28/25
Year Built 1981
Annual Tax Amount $1,817
Tax Year 2024
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Turnkey cash-flowing opportunity in the highly desirable Paradise Valley/Phoenix corridor! This well-maintained 4-unit garden-style complex features all 2 bed / 1 bath units with solid tenant demand and upside potential. Grossing $6,500 a month.
Situated in the thriving 85032 ZIP code, close to major freeways, shopping, and the Paradise Valley Mall redevelopment. Whether you're a seasoned investor or new to multifamily, this 8.25% cap rate property delivers immediate returns in one of Phoenix's most active rental markets.
Looking for steady income and long-term appreciation? This is the one.
Location
State AZ
County Maricopa
Zoning M-M
Interior
Heating Electric
Cooling Central Air, Ceiling Fan(s)
Flooring Ceramic Tile, Vinyl
Appliance Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave
Exterior
Parking Features Paved, Carport
Community Features Other
Roof Type Composition
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Paradise Valley Unified District
Others
Senior Community No
Tax ID 215-16-063-V
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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Bought with eXp Realty