939 E TURNEY Avenue, Phoenix, AZ 85014
$1,334,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,334,000
Last Modified:
2/24/2026
Description
Welcome to this beautifully remodeled 4-plex located in the heart of vibrant Midtown Phoenix, currently operating as a successful CASH FLOWING Airbnb! Each unit has been thoughtfully updated with modern finishes while maintaining the charm of the original architecture. The spacious and well-maintained grounds offer ample parking and a community courtyard for relaxation. The location is ideal for short-term rentals, with close proximity to downtown Phoenix, popular local eateries, art galleries, and public transit. Whether for long-term tenants or vacationers, this 4-plex provides high rental demand in one of the city's most desirable areas.Currently being utilized as a successful Airbnb, this property generates consistent income with a strong track record of bookings, making it a perfect
Supplements: investment opportunity. Gross Profits for 2024 were $121,606, additional opportunity to potentially add additional units, single level, No HOA, LOW TAXES of $1490 for 2024. Biltmore/Arcadia Adjacent! ALL FURNITURE IS INCLUDED! Shared laundry on site! Don't miss out on this exceptional property in one of Phoenix's most sought-after neighborhoods!
More Information MLS# 6810283
Contract Info
Ownership: Fee Simple
Current Price: $1,334,000
List Price: $1,334,000
Status: Active
List Date: 2025-01-24
Location, Tax & Legal
Assessor's Map #: 14
Legal Description (Abbrev): CAROLYN PL LOT 47 E 29' & W 27' OF LOT 48
Assessor's Parcel #: 15
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 108601
Taxes: 1491
Legal: CAROLYN PL LOT 47 E 29' & W 27' OF LOT 48
Marketing Name: Carolyn Place
House Number: 939
Compass: E
Street Name: TURNEY
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4137
County Code: Maricopa
Subdivision: CAROLYN PLACE
Assessor Number: 155-14-015
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 12,929
Total # of Units: 4
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Longview Elementary School
High School: Central High School
Year Built: 1946
Zoning: R-3
Legal Info
Range: 3E
Section: 21
Township: 2N
Lot Number: 47
Project Type
Four Plex: 1
Construction
Block: 1
Brick: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Other (See Remarks): 1
Income & Expenses
Annual Elec Exp: 5841.35
Annual Gas Exp: 1407.02
Annual Ins Exp: 2300
Annual Land Lse Exp: 0
Annual Landscape Exp: 755
Annual Legal & Acctg: 0
Annual Maint Exp: 13013
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 3121
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 32909
Operating Exp: 60837.37
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 121606
Total Monthly Rental Income: 8500
Pmt & Rate Info
Cap Rate: 4.58
Down Payment: 0
Equity: 1349000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Play Area: 1
Barbecue: 1
Heating
Electric: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Separate Storage: 1
Interior Features
Furnished: 1
Fire/Smoke Alarm(s): 1
Security Alarm(s): 1
Breakfast Bar: 1
Tenant Pays
None: 1
Appliances Included
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
On Street: 1
1 Space/Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Cable TV: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-320-0406
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 2500
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 0
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 12th St & Campbell
Directions: From E Indian School Rd Turn Right onto N 12th St, Turn Left onto E Turney Ave, Property is on the left.
Geo Lat: 33.499547
Geo Lon: -112.059885
Income Expenses
Gross Annual Sch Inc: 121606
Net Operating Income: 61771
Property Features
Project Type: Four Plex
Construction: Block; Brick
Const - Finish: Painted
Roofing: Composition
Floors: Concrete
Sale Includes: Land & Building; Personal Property; Other (See Remarks)
Community Features: No Pool; Play Area; Barbecue
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Separate Storage
Interior Features: Furnished; Fire/Smoke Alarm(s); Security Alarm(s); Breakfast Bar
Appliances Included: Free-Standing Range; Refrigerator; Disposal; Microwave; Washer/Dryer
Heating: Central
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: SW Gas
Parking Features: On Street; 1 Space/Unit; Add'l Parking Avail; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Cable TV
Tenant Pays: None
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Documents
2025 P & L ›
Listing Office:
AZREAPM
Last Updated: February - 24 - 2026
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