For Sale Multi-Family MLS# 6979920

3139 N 40TH Street

Phoenix, AZ 85018

$2,600,000

About 3139 N 40TH Street

Rare investment opportunity in Arcadia Lite! Flexible 5-unit residential compound ideal for residential assisted living, adult care, sober living, transitional housing, or premium rental income with high ROI! Nearly ½-acre property w/ 3BR/2BA single-family+ 4-plex w/ 1BR/1BA units, each w/ private yard! Excellent setup for assisted living or adult care model w/ multiple living spaces & inviting amenities for high quality of life. True turnkey asset w/ full cosmetic remodel in 2022. Low operating expenses & no major capital outlay required to create immediate revenue opportunity. Desirable outdoor living w/ pool, hot tubs, bocce ball and lots of green space. Block wall perimeter with controlled access for privacy & security. Expanded income options w/ minimal modifications too! remodel completed in 2022 makes this a true turnkey asset, reducing near-term capital expenses and positioning the property for immediate operation. The grounds are designed for lifestyle and engagementan important value driver for both premium rentals and care-related housingfeaturing putt-putt golf and bocce ball. A private pool is secured and closed off exclusively to the main home, adding an additional amenity layer and operational flexibility.

Block walls around the perimeter provide exceptional privacy and a secure, enclosed environmentideal for resident comfort, quiet enjoyment, and controlled access.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1955
Original price
$2,600,000
MLS #
6979920

Interior

Features
Electric, Ceramic Tile
Flooring
Ceramic Tile
Heating
Electric
Cooling
Electric

Exterior & lot

Features
<1 Space Per Unit, Parking spaces: 11
Construction
Brick Veneer, Painted, Adobe, Block, Composition, Tile, Foam
Roof
Composition, Tile, Foam
Lot
R-3, 12715048
Parking
<1 Space Per Unit

Schools

District
Scottsdale Unified District

Utilities

Utilities
Public Sewer, Master Meter, City Franchise
Water
Master Meter, City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$2,239
Tax year
2025
Parcel
12715048

Location

Subdivision
PALO ALTO PARK
County
Maricopa
Neighborhood
Citrus Acres
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Phoenix Elementary District
Directions
West on Thomas Rd from 44th Street, then right on 40th Street. Property on right before Osborn Rd, between Cheery Lynn Rd and E Flower Street

Location

Neighborhood
Citrus Acres
Subdivision
PALO ALTO PARK
School district
Scottsdale Unified District

Ask about this property

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Listed by Erik Kelly, eXp Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.