4118 N 3RD Avenue, Phoenix, AZ 85013
$700,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$700,000
Last Modified:
5/21/2025
Description
GREAT INVESTMENT OPPORTUNITY! This three-plex is centrally located with established tenants and cash flow. Each unit has one bedroom and one bathroom, is individually metered for electric, and has one covered parking space per unit with additional guest parking. Additional storage on site can offer an additional income-producing opportunity for the new owner.
More Information MLS# 6850943
Contract Info
Current Price: $700,000
List Price: $700,000
Status: Active
List Date: 2025-04-12
Ownership: Fee Simple
Location Tax Legal
House Number: 4118
Compass: N
Street Name: 3RD
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 5010
Country: US
County Code: Maricopa
Subdivision: INDIAN PARK
Assessor Number: 155-32-058
Tax Year: 2024
General Property Description
Lot Size Dimensions: 112x66
Year Built: 1952
Uncvrd Parking Spcs: 2
Total # of Units: 3
# of Buildings: 1
Zoning: R4
Flood Zone: No
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: Central & Indian School
Directions: W. on Indian School to 3rd Ave, N. on 3rd Ave to property on the west side of the street.
Geo Lat: 33.495578
Geo Lon: -112.078464
Status Change Info
Status Change Date: 2025-04-12
Legal Info
Township: 2N
Range: 3E
Section: 20
Lot Number: 58
Income Expenses
Gross Annual Sch Inc: 42108
Net Operating Income: 36015
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1170
Avg SqFt: 600
# Baths: 1
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool; See Remarks
Exterior Amenities: Desert Landscaping
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Electric Oven; Refrigerator; Disposal
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP
Gas: None
Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Listing Office: eXp Realty
Last Updated: May - 21 - 2025
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