3702 E Polk St Phoenix, AZ 85008
Central City NeighborhoodEstimated payment $3,247/month
About This Home
Exceptional investment opportunity to acquire a well-located four-unit apartment Ideally situated just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, this property offers strong rental demand and outstanding value-add potential.
The property features four 2-bedroom, 1-bathroom units, providing an attractive unit mix for tenants. Investors will appreciate the significant upside in rental income, with below-market rents offering the opportunity to increase cash flow over time.
Recent capital improvements include a roof replaced approximately 6 years ago and two HVAC units replaced approximately 5 years ago, helping to minimize near-term maintenance costs. Each unit is individually metered for electricity, while low City of Phoenix water, sewer, Trash and taxes contribute to an efficient operating expense ratio. All facts and figures are approximate, buyer to verify to their own satisfaction.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,080
Year Built
- Built in 1983
Home Design
- Composition Roof
- Block Exterior
- Stucco
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Utilities
- Cooling Available
- Air Source Heat Pump
- Separate Meters
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot UK
- Assessor Parcel Number 121-14-048
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 108 X 52
Building Details
- Operating Expense $5,700
- Gross Income $35,100
- Net Operating Income $29,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,080 | $8,466 | ||
| 2024 | $1,007 | $8,063 | ||
| 2023 | $1,007 | $35,170 | $6,120 | $29,050 |
| 2022 | $971 | $25,580 | $4,450 | $21,130 |
| 2021 | $987 | $20,710 | $3,600 | $17,110 |
| 2020 | $969 | $17,770 | $3,090 | $14,680 |
| 2019 | $965 | $14,740 | $2,560 | $12,180 |
| 2018 | $909 | $12,070 | $2,100 | $9,970 |
| 2017 | $871 | $12,030 | $2,090 | $9,940 |
| 2016 | $852 | $9,570 | $1,660 | $7,910 |
| 2015 | $800 | $7,610 | $1,320 | $6,290 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/17/2026 07/17/26 | For Sale | $575,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7055439
APN: 121-14-048
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.