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17859 N 40th Street, Phoenix, AZ 85032

$879,000
  • 17859 N 40th Street, Phoenix, AZ 85032 Main Photo

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Active
BEDS0 BATHS MLS#6998148
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLParadise Valley Unified District

Property Description

This 4plex presents a rare opportunity for investors to acquire a property with immediate upside. Whether youre looking to lease at current market rents or pursue a strong Section 8 rental strategy, this property offers the flexibility to place tenants and optimize income from day one.The property features four spacious units, including three 2-bedroom, 1-bath units and one 2-bedroom, 2-bath unit with a private patio, an appealing unit mix that attracts a wide range of tenants. Each residence offers comfortable living space, while the property includes an on-site laundry facility and convenient parking for residents.Recent improvements provide a strong foundation for ownership, including fresh paint, a newly repaved parking area, and updated windows and patio doors. These upgrades help reduce near-term capital expenses while presenting a clean, refreshed environment ready for new tenants.Location is a key driver of this investment. The property sits just minutes from the Arizona State Route 51, providing quick connectivity to major employment centers across the Valley, including Downtown Phoenix and Scottsdale. Tenants also benefit from proximity to education, recreation, and everyday conveniences, including Paradise Valley Community College and the nearby green space at Paradise Valley Park.With strong rental demand throughout North Phoenix and a location that offers both accessibility and neighborhood amenities, this property presents an exceptional opportunity for an investor to stabilize the asset quickly and capture long-term income potential in a well-established rental market. SELLER OPEN TO SELLER FINANCING!!

17859 N 40th Street | MLS# 6998148

This multi-family property located at 17859 N 40th Street, Phoenix, AZ 85032 is currently listed for sale with an asking price of $879,000. N 40th Street is located within the Paradise Valley Unified District school district. Search Phoenix real estate on www.arizonabest.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Electric, Ceiling Fan(s)
Heating: Electric
Roof Type: Composition
Taxes: $1,863
Year Built: 1981

Feature Descriptions

Community Features: No Pool
Days on Site: 87
Exterior: Wood Frame, Painted, Stucco
Parking: Paved, Carport, >1 Space Per Unit
Water: City Franchise

Local Schools

School District: Paradise Valley Unified District

Listed By / Shown By

Listed By

Agency Name: Compass
Agency Phone: 480-776-1555

Shown By

Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711

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Estimated Payment

$ 2,367.90 per month $1,956.27 Principal & Interest $155.25 Property Tax $256.38 Homeowner's Insurance

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