18227 N 40TH Place
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    Courtesy of ARMLSNWMLS

    OverviewEstate Overview - $850,000

    Listing View7
    Like Count-
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    18227 N 40TH Place,

    Phoenix, AZ 85032

    This closed with seller financing (25% down, 6.5% interest; with a 10 year amortization/term).Near Paradise Valley Village, Desert Ridge & Scottsdale.No HOA.Huge units! Three 2 bed/1 bath units (950 sf /-) paired with a 3 bed/2 bath unit (1150 sf /-).4000 total sf.11,975 sf lot.R-3 zoning.20+ year owner has self-managed.Rents are very low at $1000/$850/$850 (2 bed units) & $1450 (3 bed unit).$49,800/yr +$1200 seller-owned w/d units/late/pet/misc = $51,000 gross/yr.$1500/rent for 2 bedroom is viable.100% occupied with all month-to-month leases.All long-term tenants...See More

    • 0 Beds
    • 0 Baths
    • 0 Sqft
    • MultiFamily

    OverviewListing Details

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    Status:Closed
    Original Listing Price: $ 899,000
    Listing Date: 05/12/2025
    Days on dealty:Was on Dealty for 130 days
    County:Maricopa
    MLS Type:ARMLS
    Built In:1980
    Has HOA:Yes
    Status Change Date:September 19, 2025
    Pool:No
    *Please Contact Lister for more information.

    FeaturesProperty Features

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    Design
    • Property subtype: ********
    • Construction materials: Painted, Slump Block
    • Roof: Other, Built-Up
    Flooring
    • Other
    • Ceramic Tile
    • Vinyl
    Interior Spaces
      --
    Bedrooms & Bathrooms
    • 0 - Bedrooms
    • 0 - Bathrooms
    Exteriors
    • Exterior features: ,
    Lot Details
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    AmenitiesAmenities

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    Utilities
    • Cooling - Electric, Heat Pump, Individual
    • Heating - See Remarks, Individual, Heat Pump, Electric
    • Water Source : City Franchise
    • Sewer Information : Public Sewer
    Laundry
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    Parking
    • Parking Features: Free, Assigned, >1 Space Per Unit
    • Garage Spaces: 0
    • Covered Spaces: 0
    • Parking Spaces: 8

    HOAHOA & Financial

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    Primary HOA
    • Association Name: ********
    • Association Fee: $********
    • Association Fee Frequency: ********
    • Association Phone: ********
    Second HOA
    • Association Name: ********
    • Association Fee: $********
    • Association Fee Frequency: ********
    • Association Phone: ********
    Third HOA
      No

    HistoryFinancial History

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    Listing Finances
    • Tax Lot 9
    • Parcel Number 215-15-099
    Communications
    • Built by: ********
    Price History
    DateActionPrice
    15/09/2005New Construction
    $450,000

    OverviewOpen House

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    * There are no open house dates scheduled at this time. Please reach out to the lister for an in person or virtual viewing.

    Schools & Neighborhood

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    Schools
    • Paradise Valley Unified District
    Neighborhood
    • GENTLE ACRES

    NeighborhoodExplore The Area

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    Similar HomesSimilar Homes

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    AgentListing Agent

    Agent
    James Stephens

    (Better Homes & Gardens Real Estate SJ Fowler)

    MLS # 6865522

    18227 N 40TH Place

    Phoenix, AZ 85032

    $850,000
    Flyer cover
    FOR MORE PHOTOS VISIT
    https://www.dealty.ai/buy/home/18227-n-40th-place-phoenix-az-85032
    Year Built
    1980
    Garage
    8

    This closed with seller financing (25% down, 6.5% interest; with a 10 year amortization/term). Near Paradise Valley Village, Desert Ridge & Scottsdale. No HOA. Huge units! Three 2 bed/1 bath units (950 sf /-) paired with a 3 bed/2 bath unit (1150 sf /-). 4000 total sf. 11,975 sf lot. R-3 zoning. 20+ year owner has self-managed. Rents are very low at $1000/$850/$850 (2 bed units) & $1450 (3 bed unit). $49,800/yr +$1200 seller-owned w/d units/late/pet/misc = $51,000 gross/yr. $1500/rent for 2 bedr...(Visit the link to Get more info)

    AGENT CONTACT
    James Stephens
    Better Homes & Gardens Real Estate SJ Fowler

    Multiple Listing Service of ARMLS

    All information should be independently verified by the recipient, and no representation is made by ARMLS as to its accuracy.