3027 N 37TH Street, Phoenix, AZ 85018
$1,995,640
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,995,640
Last Modified:
1/15/2026
Overview
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!
Listing Details MLS# 6969185
Location, Tax & Legal
- 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
- 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
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 300' x 80'
- Year Built
- 1964
- Uncvrd Parking Spcs
- 7
- Total # of Units
- 7
- # of Buildings
- Yes
- Zoning
- R-3
- Flood Zone
- No
- 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
Remarks Misc
- Cross Street
- Thomas and 37th Street
- Directions
- North on 37th Street from Thomas - Property on right hand side
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 25
- Lot Number
- 65
Income Expenses
- Gross Annual Sch Inc
- 88200
- Net Operating Income
- 82026
More Information
Showing Notification Methods
- Showing Service
- Aligned Showings
Efficiency Units
- # Efficiency Units
- 7
- Avg Rent
- 1175
- Avg SqFt
- 675
- # Baths
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 1150
- Avg SqFt
- 600
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 3
- Avg Rent
- 1300
- Avg SqFt
- 750
- # Baths
- Yes
Project Type
- 5 - 12 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Tile
- Yes
- Vinyl
- Yes
Sale Includes
- Building(s) Only
- Yes
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
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Forced Air
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
Tenant Pays
- Water
- Yes
- Sewer
- Yes
- Electricity
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
Appliances Included
- Built-In Electric Oven
- Yes
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
Owner Pays
- None
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- Yes
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.