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3139 N 40TH Street

$2,600,000
3139 N 40TH Street, Phoenix, AZ 85018
3139 N 40TH Street

3139 N 40TH Street

$2,600,000

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.
Erik Kelly
Erik Kelly Contact

Features & Amenities

Interior

Flooring Ceramic Tile
Appliances Built-In Range, Refrigerator, Washer/Dryer

Exterior

Water Source Master Meter, City Franchise
ROOF Composition, Tile, Foam
Parking 1 Space Per Unit
Heat type Electric
Air Conditioning Electric
Sewer Public Sewer

Area & Lot

Status For Sale
MLS® ID 6979920
Type Multi-Family
Year Built 1955
Neighborhood Phoenix
School District Phoenix Union High School District

Financial

SALES PRICE $2,600,000
REAL ESTATE TAXES $2,239/yr
Maintenance Fee $2,100/mo
Zoning R-3
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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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