2929 N 38th Street, Phoenix, AZ 85018

$6,400,000
List Price
$6,400,000
Days on Market
21
Status
ACTIVE
MLS#
6051587
City
Phoenix
Subdivision
Citrus Acres Lots 21-60
Year Built
1967

Property Description

The Tides at 38th is a 45-unit, garden-style apartment communitylocated in the strong East Phoenix rental submarket of Arcadia Lite. Thecommunity was constructed in 1967 using masonry block and fullyrepositioned in 2019. The property consists of (44) one-bed / one-bathand (1) two-bed / one-bath unit types. The property has been fullyrenovated with modern interiors which feature new shaker cabinets anda stainless-steel appliance package which includes a refrigerator,dishwasher, microwave, and gas range. Select units enjoy theconvenience of an in-suite washer and dryer and value-add for theproperty is available through the addition of washers and dryers to theremaining units. The property is on a chiller system for heating and cooling, a boiler for domestic hot water, and is master-metered for electricity and water. The Tides at 38th is located on 38th Street, just north of Thomas Road and south of the prestigious "Camelback Corridor", an area known for its major employers, schools, shopping, and fine dining close to the Arizona Biltmore Resort. The Desert Palms Power Center is within walking distance from the property, giving residents a convenient place to shop and work. The immediate neighborhood has also experienced a surge in new condo, townhouse, and single-family development over the past five years. The property is a short commute to downtown Phoenix and Sky Harbor International Airport and has accessibility to Downtown Scottsdale and Downtown Tempe in 20 minutes or less.

Additional Information

School District
210 - Phoenix Union High School District
Construction
Block
Cooling
Other (See Remarks)
Electric
Other (See Remarks)
Finish
Painted
Floors
Vinyl/Composition
Gas
Other (See Remarks)
Guest House Sq Ft
46
Heating
Other (See Remarks)
New Financing
Other (See Remarks)
Parking
>1 Space Per Unit
Project Type
25 - 50 Units
Roofing
Comp Shingle, Other (See Remarks), Shake
Sewer
Sewer - Public
Pool
Yes
Subdivision
Citrus Acres Lots 21-60
Taxes
$16,766
Tenant Pays
Other (See Remarks)
Units
45
Water
City Franchise
Zoning
R-4

Mortgage Calculator

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Listing courtesy of ABI Multifamily.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.