2939 N 36TH Street, Phoenix, AZ 85018

$4,800,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $4,800,000 Last Modified: 8/18/2026

Overview

Description

Originally built in 1981, Avanti Estates has recently undergone extensive improvements including a new roof, resurfaced pool. 90% of the units have been updated with new flooring, appliances, bathrooms and cabinets. The addition of covered parking has allowed for additional income. 85% of the units have received new air conditioning units. The current management is in the process of turning the water, sewer, and trash over to the tenant allowing for a potential gain of 24K a year in profit. All of Avanti Estate units are metered individually for electric. With a sales price of $5, 500,000, averaging $183,000 per unit, Avanti Estates is an outstanding opportunity for investors. *Seller may carry with the right offer.

Listing Details MLS# 6533594

Location, Tax & Legal

Map Code/Grid
P35
House Number
2939
Compass
N
Street Name
36TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85018
Zip4
7456
Country
US
County Code
Maricopa
Subdivision
CITRUS ACRES LOTS 21-60
Assessor Number
127-22-011-A
Tax Year
2022

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
20868
Year Built
1981
Uncvrd Parking Spcs
27
Total # of Units
30
# of Buildings
2
Zoning
R4A
Flood Zone
No
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District
Elementary School
Creighton Elementary School
Jr. High School
Creighton Elementary School
High School
Camelback High School

Remarks Misc

Cross Street
36th Street and Osborn
Directions
Just north of Thomas on 36th Street. Property on the east side of the street

Status Change Info

Off Market Date
2023-05-29
Under Contract Date
2023-03-28
Close of Escrow Date
2023-07-03

Legal Info

Township
2N
Range
3E
Section
25
Lot Number
9

More Information

1 Bedroom Units

# 1 Bedroom Units
28
Avg Rent
675
Avg SqFt
550
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
850
Avg SqFt
700
# Baths
Yes

Contact Info

List Agent Home Phn
602-882-3388

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: 25 - 50 Units Construction: Block Const - Finish: Painted Roofing: Foam Floors: Concrete; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Built-In Range Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash to Loan; Conventional Environmental: None

Documents

IDX
Listing Office: DeLex Realty
Last Updated: August - 18 - 2026
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