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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$635,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Indian Park

MLS Listing ID 6937740

Year Built 1952

Annual Tax Amount $1,161

Tax Year 2024

Lot Dimensions 112x66

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

4118 N 3rd Ave is a 3-unit apartment community located in the Midtown Submarket of Phoenix, Arizona. Originally constructed in 1952, the property has undergone significant capital improvements over recent years, including interior updates, brand new plumbing system with 100% PEX , newer roof, water heaters, upgraded electrical, and added private fencing. The building consists of (3) one-bedroom, one-bathroom floor plans and a covered parking spot for each unit. Each unit is currently occupied at below market rents, allowing for considerable rental upside. New ownership acquire a renovated and well-performing asset with near-term upside in a highly desirable and centralized location along the Central Avenue Corridor.

Location

State AZ

County Maricopa

Community Indian Park

Area Maricopa

Zoning R4

Interior

Heating Heat Pump, Electric

Cooling Central Air, Ceiling Fan(s), Electric, Heat Pump, Individual

Flooring Ceramic Tile

Appliance Disposal, Refrigerator, Free-Standing Electric Oven

Exterior

Parking Features Add'l Parking Avail, 1 Space/Unit, Carport

Community Features See Remarks, No Pool

Roof Type Composition

Private Pool No

Building

Sewer Sewer-In & Connected, Public Sewer

Water Master Meter, City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 155-32-058

Acceptable Financing Conventional

Disclosures Seller Prop Disc Stm

Listing Terms Conventional

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Listed by Matthews Real Estate Investment Services

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>

4118 N 3RD Avenue Phoenix, AZ 85013

John Herkenrath

Key Details

Location

Interior

Exterior

Building

Schools

Others

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4118 N 3RD Avenue