Sold

17851 N 40th Street, Phoenix, AZ 85032

View property features, location on map, relevant school information and overview from seller's agent.

Listed byeXp Realty
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Overview

Turnkey cash-flowing opportunity in the highly desirable Paradise Valley/Phoenix corridor! This well-maintained 4-unit garden-style complex features all 2 bed / 1 bath units with solid tenant demand and upside potential. Grossing $6,500 a month.

Situated in the thriving 85032 ZIP code, close to major freeways, shopping, and the Paradise Valley Mall redevelopment. Whether you're a seasoned investor or new to multifamily, this 8.25% cap rate property delivers immediate returns in one of Phoenix's most active rental markets.

Looking for steady income and long-term appreciation? This is the one.

Location

Full feature list

Basic info

Property type
Multi-family
Year built
1981

Utilities

Heating
Electric
Cooling
Central air, Ceiling fan(s)
Sewer
Public sewer
Water
Public

Estimated monthly costs

Electricity
$720
Insurance
$4,200

Taxes

Tax Annual Amount (2024)
$1,817

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Arizona Regional Multiple Listing Service (ARMLS) MLS®#: 6875080 Last checked:

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.