$1,995,640
Phoenix, AZ 85018
MLS# 6969185
1 / 8
Property Description
Rare Phoenix investment! 7-unit Citrus Acres gem with upgraded, move-in-ready units full of charm—rents fast and cash flows strong. Just steps from high-end Arcadia, this rapidly gentrifying area is booming with demand for quality rentals. This is 1/3 of a 21-unit portfolio, offering savvy investors the option to acquire a larger package at a discounted rate. Perfect for instant income, long-term appreciation, and growth in one of Phoenix's hottest up-and-coming neighborhoods!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,995,640
List Price: $1,995,640
Status: Active
List Date: 2026-01-15
Location, Tax & Legal
Assessor's Map #: 22
Legal Description (Abbrev): LOT 65 CITRUS ACRES LOTS 1 THRU 20 MCR
Assessor's Parcel #: 35
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110902
Taxes: 3732
Legal: LOT 65 CITRUS ACRES LOTS 1 THRU 20 MCR
Marketing Name: Citrus acres
House Number: 3027
Compass: N
Street Name: 37TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 7020
County Code: Maricopa
Subdivision: CITRUS ACRES LOTS 1 THRU 20
Assessor Number: 127-22-035
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 7
Lot Size Dimensions: 300' x 80'
Flood Zone: No
Total # of Units: 7
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Monte Vista Elementary School
Jr. High School: Monte Vista Elementary School
High School: North High School
Year Built: 1964
Zoning: R-3
Legal Info
Range: 3E
Section: 25
Township: 2N
Lot Number: 65
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Tile: 1
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3732
Other Income: 6300
Vacancy Allowance: 0.07
Adjusted Gross Inc: 87885
Pmt & Rate Info
Cap Rate: 4.11
Equity: 1995640
Down Payment %: 20
Monthly Payments: 4000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Forced Air: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Built-In Electric Oven: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 7
Avg Rent: 1175
Avg SqFt: 675
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1150
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1300
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Thomas and 37th Street
Directions: North on 37th Street from Thomas - Property on right hand side
Geo Lat: 33.483289
Geo Lon: -112.001437
Income Expenses
Gross Annual Sch Inc: 88200
Net Operating Income: 82026
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Tile; Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: Built-In Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave
Heating: Forced Air
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office: Platinum Realty Group
Last Updated: January - 15 - 2026
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