3139 N 40TH Street 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 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