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629-299-2386
SimpliHŌM
3702 E Polk Street, Phoenix, AZ 85008
- $525,000
- 8
- BD
- 4
- BA
- Sold Price
- $525,000
- List Price
- $575,000
- Status
- CLOSED
- Days on Market
- 21
- Closing Date
- Aug 25, 2026
- MLS#
- 7055439
- Subtype
- Multiple Dwellings
- Year Built
- 1983
- Bedrooms
- 8
- Bathrooms
- 4
Property Description
Exceptional investment opportunity to acquire a well-located four-unit apartment Ideally situated just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, this property offers strong rental demand and outstanding value-add potential. The property features four 2-bedroom, 1-bathroom units, providing an attractive unit mix for tenants. Investors will appreciate the significant upside in rental income, with below-market rents offering the opportunity to increase cash flow over time. Recent capital improvements include a roof replaced approximately 6 years ago and two HVAC units replaced approximately 5 years ago, helping to minimize near-term maintenance costs. Each unit is individually metered for electricity, while low City of Phoenix water, sewer, Trash and taxes contribute to an efficient operating expense ratio. All facts and figures are approximate, buyer to verify to their own satisfaction.
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Additional Information
- Taxes
- $1,080
- Zoning
- R-3
- Appliances
- Refrigerator, Free-Standing Electric Oven
- Heating
- Electric, Varies by Unit
- Air Conditioning
- Heat Pump, Varies by Unit
- Exterior Construction
- Block, Stucco
- Parking Features
- >1 Space Per Unit
Courtesy of Levrose Real Estate. 480-947-0600 Selling Office: Axen Realty, LLC.
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