3010 N 37th St Street, Phoenix, AZ 85018 (MLS# 7044366)

3010 N 37th St Street, Phoenix, AZ 85018

$2,020,000
Property Type: Multiple Dwellings Status: Active
Current Price: $2,020,000 Last Modified: 6/19/2026

Overview

Description

Rare opportunity to acquire a 4-unit portfolio within a boutique 7-unit townhome community in a highly desirable Central Phoenix location. Built in 2016, these well-maintained 3-bedroom, 3-bathroom townhomes feature open-concept floor plans, attached two-car garages, and private outdoor living spaces. The property offers stable cash flow, low-maintenance ownership, and future flexibility through individual unit sales. Recent improvements include new roofing, exterior paint, landscaping, and other select upgrades, creating a turnkey investment opportunity with strong rental performance and minimal deferred maintenance.

Listing Details MLS# 7044366

Location, Tax & Legal

House Number
3010
Compass
N
Street Name
37th St
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85018
Country
US
County Code
Maricopa
Assessor Number
127-22-178
Tax Year
2025
Assessor's Map #
22
Assessor's Parcel #
178
Add'l Parcels
Yes
Tax Municipality
Phoenix
Taxes
12209.36
Legal
OT 4 GROVE ON 37TH SOUTH MCR
Marketing Name
The Grove

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
4380
Year Built
2017
Total # of Units
4
# of Buildings
2
Zoning
R3
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District
Elementary School
The Creighton Academy
Jr. High School
Monte Vista Elementary School
High School
Camelback High School
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
37th ST & Thomas

Legal Info

Lot Number
Yes

Income Expenses

Gross Annual Sch Inc
117600
Net Operating Income
89384

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Phone Call
Yes

3 Bedrooms Units

# 3 Bedroom Units
4
Avg Rent
2450
Avg SqFt
1657
# Baths
3

Project Type

Other (See Remarks)
Yes

Other Type

Packaged Offering
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Built-Up
Yes

Floors

Tile
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Owner Association
Yes
Annual Ownr Asoc Fee
7200
Operating Exp
19409.36
Other Income
1200
Vacancy Allowance
0.05
Adjusted Gross Inc
112860

Pmt & Rate Info

Cap Rate
4.42
Equity
2020000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes

Appliances Included

Built-In Electric Oven
Yes
Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Attached Garage
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Landscaping
Yes
Other
Yes

New Financing

Cash
Yes
Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Other (See Remarks) Other Type: Packaged Offering Construction: Wood Frame Const - Finish: Stucco Roofing: Built-Up Floors: Tile Sale Includes: Building(s) Only Community Features: No Pool Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Attached Garage Road Surface Type: Asphalt Owner Pays: Landscaping; Other Tenant Pays: Water; Sewer; Electricity; Trash Collection Source of Fincl Data: Owner Showing Notification Methods: Text; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None
Listing Office: REI Marketing
IDX
Last Updated: June - 19 - 2026
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