3426 N 38th St Phoenix, AZ 85018

Listing agency CBRE - Phoenix B***@cbre.com Show Phone

Listed by Brian Tranetzki · License #BR581404000

Source Crexi

Added: Apr 11 Updated: Jul 22 at 1:24AM Checked: Jul 22 at 1:24AM

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Investment Insights

Based on property information with market context.

Sandstone Apartments is a 12-unit apartment building constructed in 1960 with block construction and pitched roofs. The property features individually metered electricity and individual HVAC units and water heaters. Unit mix consists of one-bedroom one-bath and two-bedroom one-bath apartments.

A complete renovation has been completed in 11 of the 12 units. Updates include new kitchens with stainless steel appliances, microwave hoods, white granite countertops, and custom shaker cabinetry, along with new tiled tub surrounds, new bathroom vanities, fresh paint, and in-suite washer and dryers.

The property is individually parceled. It is described as being located in South Arcadia, with development underway nearby including townhomes across the street and additional residential projects along 38th Street, and it is positioned between Interstate 51 and the Loop 202 (South Mountain Freeway) for access to Phoenix, Tempe, and Mesa.

Key Highlights

• Sandstone Apartments is a 12‑unit block apartment community built in 1960 with pitched roofs
• Renovation completed in 11 of 12 units with new kitchens, stainless steel appliances, granite countertops, and custom shaker cabinetry
• In‑suite washer and dryers plus individually metered electricity and individual HVAC units and water heaters

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FAQs

What type of property is this?

Apartment building - 12-unit block apartment community with individually metered electricity and in-unit washer/dryer in recently renovated units.

Where is this apartment building located?

The property is located at 3426 N 38th St Phoenix, AZ.

What are key features of this property?

This property features: Sandstone Apartments is a 12‑unit block apartment community built in 1960 with pitched roofs; Renovation completed in 11 of 12 units with new kitchens, stainless steel appliances, granite countertops, and custom shaker cabinetry; In‑suite washer and dryers plus individually metered electricity and individual HVAC units and water heaters