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2929 N 38th Street, Phoenix, AZ – $6,400,000

  • $6.4M Price
  • $6.4M Price

2929 N 38th Street

The Tides at 38th is a 45-unit, garden-style apartment communitylocated in the strong East Phoenix rental submarket of Arcadia Lite. Thecommunity was constructed in 1967 using masonry block and fullyrepositioned in 2019. The property consists of (44) one-bed / one-bathand (1) two-bed / one-bath unit types. The property has been fullyrenovated with modern interiors which feature new shaker cabinets anda stainless-steel appliance package which includes a refrigerator,dishwasher, microwave, and gas range. Select units enjoy theconvenience of an in-suite washer and dryer and value-add for theproperty is available through the addition of washers and dryers to theremaining units. The property is on a chiller system for heating and cooling, a boiler for domestic hot water, and is master-metered for electricity and water. The Tides at 38th is located on 38th Street, just north of Thomas Road and south of the prestigious "Camelback Corridor", an area known for its major employers, schools, shopping, and fine dining close to the Arizona Biltmore Resort. The Desert Palms Power Center is within walking distance from the property, giving residents a convenient place to shop and work. The immediate neighborhood has also experienced a surge in new condo, townhouse, and single-family development over the past five years. The property is a short commute to downtown Phoenix and Sky Harbor International Airport and has accessibility to Downtown Scottsdale and Downtown Tempe in 20 minutes or less.

Essential Information

  • MLS® #6051587
  • Price$6,400,000
  • Year Built1967
  • TypeMulti-Family
  • Sub-Type25 - 50 Units
  • StatusActive

Community Information

  • Address2929 N 38th Street
  • SubdivisionCITRUS ACRES LOTS 21-60
  • CityPhoenix
  • CountyMaricopa
  • StateAZ
  • Zip Code85018

Amenities

  • AmenitiesPool(s)
  • Parking Spaces46
  • Parking>1 Space Per Unit

Interior

  • HeatingOther (See Remarks)
  • CoolingOther (See Remarks)

Appliances

Refrigerator, F/S Oven/Range, Dishwasher, Disposal, Microwave

Exterior

  • Lot Descriptionunknown
  • ConstructionBlock

Roof

Comp Shingle, Other (See Remarks), Shake

School Information

District

014 - Creighton Elementary District

Additional Information

  • ZoningR-4

Listing Details

  • OfficeABI Multifamily
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ABI Multifamily.

Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Coldwell Banker Residential Brokerage. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on April 4th, 2020 at 4:02am MST.