3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
3139 N 40TH Street
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$2,600,000

3139 N 40TH Street

Description

Rare investment opportunity in Arcadia Lite! Flexible 5-unit residential compound ideal for residential assisted living, adult care, sober living, transitional housing, or premium rental income with high ROI! Nearly 1/2-acre property w/ 3BR/2BA single-family+ 4-plex w/ 1BR/1BA units, each w/ private yard! Excellent setup for assisted living or adult care model w/ multiple living spaces & inviting amenities for high quality of life. True turnkey asset w/ full cosmetic remodel in 2022. Low operating expenses & no major capital outlay required to create immediate revenue opportunity. Desirable outdoor living w/ pool, hot tubs, bocce ball and lots of green space. Block wall perimeter with controlled access for privacy & security. Expanded income options w/ minimal modifications too! remodel completed in 2022 makes this a true turnkey asset, reducing near-term capital expenses and positioning the property for immediate operation. The grounds are designed for lifestyle and engagementan important value driver for both premium rentals and care-related housingfeaturing putt-putt golf and bocce ball. A private pool is secured and closed off exclusively to the main home, adding an additional amenity layer and operational flexibility.

Block walls around the perimeter provide exceptional privacy and a secure, enclosed environmentideal for resident comfort, quiet enjoyment, and controlled access.

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Location

3139 N 40TH Street, Phoenix, AZ 85018

Status

For Sale

Property Amenities

Interior
Appliances Built-In Range, Refrigerator, Washer/Dryer
Flooring Ceramic Tile
Area & Lot
MLS® ID 6979920
Year Built 1955
School District Phoenix Union High School District
Type Multi-Family
Status For Sale
Exterior
Air conditioning Electric
Heat type Electric
Water Source Master Meter, City Franchise
Sewer Public Sewer
Parking 1 Space Per Unit
Roof Composition, Tile, Foam
Finance
Sales Price $2,600,000
Maintenance Fee $2,100 monthly
Real Estate Tax $2,239 yearly
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Schedule a Showing

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Thank you for your interest in 3139 N 40TH Street, Phoenix, AZ 85018. We are reviewing your request and will be in touch shortly!

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Work With Us

The Valley Leaders epitomizes integrity, exemplary customer service, and strong negotiation skills with every detail of your real estate transaction. Our team is a very hard-working and driven professional. Don't hesitate to reach out today!