3702 E Polk Street, Phoenix, AZ 85008
- $575,000
- List Price
- $575,000
- Days on Market
- 10
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 7055439
- City
- Phoenix
- Year Built
- 1983
Property Description
Exceptional investment opportunity to acquire a well-located four-unit apartment Ideally situated just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, this property offers strong rental demand and outstanding value-add potential. The property features four 2-bedroom, 1-bathroom units, providing an attractive unit mix for tenants. Investors will appreciate the significant upside in rental income, with below-market rents offering the opportunity to increase cash flow over time. Recent capital improvements include a roof replaced approximately 6 years ago and two HVAC units replaced approximately 5 years ago, helping to minimize near-term maintenance costs. Each unit is individually metered for electricity, while low City of Phoenix water, sewer, Trash and taxes contribute to an efficient operating expense ratio. All facts and figures are approximate, buyer to verify to their own satisfaction.
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Additional Information
- Community Features
- Other
- Construction
- Block, Stucco
- Cooling
- Heat Pump, Varies by Unit
- Electric
- APS, Individual Meter
- Heating
- Electric, Varies by Unit
- New Financing
- Conventional, Cash
- Parking Features
- >1 Space Per Unit
- Roofing
- Composition
- Taxes
- $1,080
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 4
- Water
- City Franchise
- Zoning
- R-3
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Listing courtesy of Levrose Real Estate.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.