1229 N 35TH Street, Phoenix AZ 85008
$3,300,000
Brokerage: Ivy Realty(623) 299-4954
1 / 16Home facts
- Price
- $3,300,000
- Status
- Active
- Beds
- 28
- Baths
- 14
- Year built
- 1987
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- MLS #
- 7095112
Listed by eXp Realty · 888-897-7821
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
A 14-unit apartment community in one of Phoenix's most accessible central locations. Every unit is a two-bedroom one-bath residence, and 12 units have been remodeled recently. The major building systems have also been updated: all air conditioners and water heaters were replaced within the past five years. That gives a new owner a well-maintained asset with limited near-term capital needs to step into a turn key business. The property also has clear, built-in upside. Current rents are about 10-15% below market, so an owner can increase income through rent adjustments. Most tenants are on a month-to-month lease, which lets a buyer move rents to market on their own timeline. The residents are long-term, which points to stable occupancy and a community people choose to stay in. Eight units h
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Electric
Heating
Electric
Electric
SRP
Flooring
Carpet, Vinyl
WaterSource
City Franchise
ParkingFeatures
>1 Space Per Unit
CommunityFeatures
No Pool
ConstructionMaterials
Stucco, Block
Map
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 4102 E PALM Lane | Oct 8, 2026 | $410,000 | 4/3 | 1,978 | EMG Real Estate |
| 3248 E Holly Street | Oct 6, 2026 | $294,000 | 6/2 | 1,903 | HomeSmart |
| 1225 N 36TH Street 1051 | Sep 30, 2026 | $294,000 | 2/2 | 1,385 | eXp Realty |
| 1225 N 36TH Street 1109 | Sep 29, 2026 | $346,900 | 2/3 | 1,385 | MMRE Advisors |
| 3005 E HUBBELL Street | Sep 29, 2026 | $419,900 | 3/2 | 1,386 | Maplewood Homes |
| 3314 E HOLLY Street | Sep 17, 2026 | $435,000 | 3/2 | 1,368 | Compass |
Source: ARMLS IDX via Ivy Realty, updated Oct 16, 4:17 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).