Seller Financing
Address
3426 N 38Th Street, Unit 2 Phoenix, AZ
Price
$ 3,650,000
Property Attributes
  • MLS#6218704
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodSandstone Condominiums
  • Zip85018
  • Style
  • Year Built1960
  • Taxes$ 327
  • Price$ 3,650,000
  • Bedrooms14
  • Full Bathrooms13
  • Half Bathrooms0
  • Sqr Footage8688
Listing Provided Courtesy Of:
S. J. Fowler Real Estate Inc.
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Sandstone Condominiums is a low density, single story, garden style condo community located in the highly sought after 85018 area code. The property offers several potential options for investors by 100% of the ownership of the community. It has been previously been approved for 15 luxury townhomes, It can be updated and sold off individually , or can be updated for a light value add. The community is comprised of 10 1 bed/1 bath 676SF units, 1 junior 1 bed/1 bath 468SF unit, and one 2 bed/1 bath 1008SF casita. All units have in suite laundry & under roof parking next to each unit. The community offers a private pool and a large greenbelt with several large shade trees. Roof was replaced within the last year. Seller will consider carry or wrap financing with 40% or more down.

Price History
4/8/2021 Listed $3,650,000

General Features

1 Bedroom Units: Avg Rent 1099.00
2 Bedroom Units: Avg Rent 1350.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Electric Refrigeratd, Individual
Electric SRP
Features Pool(s)
Gas Y/N SW Gas
Heating Gas, Individual
Map Code/Grid P35
Net Income 122728.00
New Financing Conventional, Seller May Carry, Wraparound
Owner Pays See Remarks
Parking Attached
Property Type F
Roof Comp Shingle
School District 014 - Creighton Elementary District
Sewer Sewer - Public
Status Active
Subdivision SANDSTONE CONDOMINIUMS
Tenant Pays Electric, Gas, Water
Unit Number 2
Water City Franchise, Submetered System
Year Built 1960
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 12
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 640
2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 1008
Appliances Included F/S Oven/Range, Refrigerator, W/D Hookup
Floors Ceramic Tile, Concrete
Total Number of Units 12.00

Exterior Features

Public Remarks Sandstone Condominiums is a low density, single story
Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 12.00
Lot Size Dimensions IRR
Total Parking Spcs 17.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85018

Price
AVG $2.43M
$3.65M
Taxes
AVG $3,447
$327
Visits
AVG 608
182
Year Built
AVG 1974
1960

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