2625 N 40TH Drive, Phoenix, AZ 85009

$465,000 Asking Price

5 beds
3 baths
1,700  sqft
Built in 1959

MULTI SPACE LIVING OPPORTUNITY - A RARE FIND! This property offers incredible versatility with a main home and two additional units, all featuring private entrances. Perfect for homeowners looking to offset their mortgage with rental income or investors seeking an income-generating opportunity, this home provides options to fit any lifestyle. This property has been thoughtfully designed and remodeled with quality and longevity in mind. From new appliances and modern finishes to structural upgrades like plumbing and electrical systems, every detail has been done right. KEY UPGRADES: *New upgraded 200-amp electrical panel with each unit on its own circuit. *New gas meter and plumbing throughout *Freshly installed quartz countertops, sinks, and faucet *New Tankless Gas Hot Water Heater Key Upgrades Continued: * Newer roof * Newer AC Unit * Low E Dual Pane Windows in some units. * Shared laundry for tenant convenience * New mini-split in Unit 3 for comfort * Termite treatment completed with a 1-year warranty * New concrete pathways and driveway, providing additional parking * Freshly painted throughout Main House Features: * 3 Bedrooms, 1 Bathroom * Completely remodeled with updated kitchen, bathroom, and living spaces Unit 2 & Unit 3 Features: * 1 Bedroom, 1 Bathroom each * Fully equipped kitchens with brand-new appliances. * Private entrances for enhanced privacy Located in a popular area, this rare property offers exceptional potential for buyers looking for a multi-family option or investors ready to maximize rental income. Don't miss this incredible opportunity!

Features & Amenities

Interior

General:
Full Bth Master Bdrm, High Speed Internet, Granite Counters
Flooring:
Tile
A/C:
Refrigeration, Ceiling Fan(s)
Heating:
Mini Split, Natural Gas
Fireplace:
None

Exterior

General:
None
Style:
Ranch
Pool:
None
Parking:
RV Gate

Construction

Roofing:
Composition
Windows:
Dual Pane, Low-E
General:
Painted, Stucco, Block

Location

HOA Amenities:
No Fees
Originating MLS:
Arizona Regional Multiple Listing Service 2
School District:
Isaac Elementary District
County:
Maricopa

Lot

Zoning:
10831146
Fencing:
Block, Chain Link, Wood

Utilities

Water:
City Water
Sewer:
Sewer,Public Sewer

Financial

Source:
Arizona Regional Multiple Listing Service 2

This listing courtesy of:
HomeSmart, Elessa Freelingos

About Phoenix, AZ

Housing

Number of Units
596,932
Median Home Value
$290,395
Median Rent
$952

46.44% of housing units are renter occupied.

7.47% are vacant.

Commute

Car
66.98%
Public Transportation
2.21%
Walk to Work
1.46%
Work from Home
27.70%
Other
1.05%

The median travel time to work is 21 minutes.

People

Population
1,489,498
Median Age
35.00
Median Household Size
2.88

Education

High School
22.87%
Associate’s Degree
7.80%
Bachelor’s Degree
18.93%
Graduate Degree
10.95%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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