3139 N 40TH Street, Phoenix, AZ 85018 - MLS#6874576 - Ryan Ney

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Ryan Ney

My Home Group Real Estate

ryan@realscottsdalehomes.com +1(480) 566-9249

$2,649,000

Est. payment - /mo

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Palo Alto Park

MLS Listing ID 6874576

Year Built 1955

Annual Tax Amount $2,138

Tax Year 2024

Lot Dimensions 165x15

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

On nearly a half-acre in Arcadia Lite, this property has a 3 bed & 2 bath single family house and a four plex. Each unit of the four plex is a full 1 bed & 1 bath with private backyard areas. This property is the perfect opportunity for a long-term rental, short-term rental, sober living, residential assisted living, etc! Full cosmetic remodel completed in 2022, this property is an investors dream. The property is equipped with a pool which is closed off to only the main house, putt-putt golf, and bocce ball. Block walls around the perimeter of the house give full privacy. Property had a 2 year tenant paying $24K/mo and averaged $28K/mo in January, February and March of 2025. The property has great value-add opportunity if additional units were placed on the property.

Location

State AZ

County Maricopa

Community Palo Alto Park

Zoning R-3

Interior

Heating Natural Gas

Cooling Electric

Flooring Vinyl

Appliance Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer, W/D Hookup

Exterior

Parking Features <1 Space Per Unit

Community Features Other, See Remarks, Play Area, Heated Pool(s), Pool

Roof Type Composition,Tile,Foam

Total Parking Spaces 14

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Tavan Elementary School

Middle Schools Ingleside Middle School

High Schools Arcadia High School

School District Scottsdale Unified District

Others

Senior Community No

Tax ID 127-15-048

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by Gentry Real Estate

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Ryan Ney

+1(480) 566-9249

Realtor® ~ Team Leader | SASA548713000

Realtor® ~ Team Leader SASA548713000

Scottsdale Speciality Searches

3139 N 40TH Street Phoenix, AZ 85018

Ryan Ney

Key Details

Location

Interior

Exterior

Building

Schools

Others

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