4132 N 3RD Avenue, Phoenix, AZ 85013
Description
Supplements: freeways. Phoenix Sky Harbor International Airport is also nearby, enhancing appeal for short-term and furnished rental use.All four units are fully furnished and include in-unit washer and dryers, wood-look tile flooring, updated kitchens with shaker cabinetry, granite countertops, and stainless-steel appliances. Each unit is individually metered and features newer Low-E windows, updated doors, and newer water heaters, supporting efficient long-term ownership. Built in 1950, the property has been significantly modernized while retaining its solid multifamily footprint.Zoned R4, the property allows for continued medium-term rental use, short-term/Airbnb operation, or a hybrid strategy. There is no HOA, and the asset is truly turnkey. For investors seeking upside, the shared courtyard presents a compelling value-add opportunity, including the potential to create a resort-style community amenity such as a pool or enhanced outdoor gathering space, subject to buyer verification.This property is best suited for a cash buyer or 1031 exchange investor seeking a stabilized, income-producing multifamily asset in a high-demand central Phoenix corridor, great return with conventional financing as well. A house-hacker scenario also works well, allowing an owner-occupant to live in one unit while offsetting expenses with the remaining rentals. A rare chance to acquire a remodeled, furnished, four-unit property in Midtown Phoenix with flexible rental strategies, strong tenant demand, and long-term growth potential.
More Information MLS# 6975915
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