4348 36Th Pl, Phoenix, AZ 85018

Property Details for 4348 36Th Pl

Year built

1961

Lot size

0.55 lot acres

Property type

Commercial real estate

APN

170-26-048

Description

This exceptional eight-unit apartment building presents a compelling investment opportunity in the highly desirable Central Phoenix area. Situated on a 0.55-acre lot at 4348 N 36th Pl, Phoenix, AZ 85018, this property consists of two single-story buildings, each offering a mix of spacious one- and two-bedroom units. Originally constructed in 1961, the property has undergone a complete renovation, boasting updated interiors with new stainless steel appliances, countertops, cabinets, flooring, fixtures, and hardware. The exterior has also been refreshed with new paint and landscaping. Each unit includes one parking space. The total square footage is 6,982, with a net rentable area of 6,982 square feet. The property is zoned R-3 and offers a desirable blend of unit sizes, averaging approximately 862 square feet. Its prime location near the intersection of 36th Street and Campbell Avenue provides convenient access to major employment hubs, high-end retail, dining, and key thoroughfares. The property's proximity to the 44th Street Gateway Corridor, Phoenix Sky Harbor International Airport, and the Innovation and Biltmore Employment Corridors further enhances its investment potential. This offering presents a unique opportunity to acquire a fully renovated, well-located multifamily asset in a thriving Phoenix submarket. The asking price is $2,850,000, translating to $408.19 per square foot and $381,250 per unit. The property is offered as a portfolio or on an individual asset basis.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Longitude

-112.0030693

Latitude

33.4999036