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4012 N 15TH Avenue

Phoenix, AZ 85015

Phoenix, AZ 85015

4012 N 15TH Avenue

$1,185,000

MLS#: 7063520

Status: Active

Listing provided by: Gile Commercial Real Estate

Listing agent phone: None

Last update: a month ago

On site: a month ago

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PARK FAIRMONT AMD - Residential Income

About

Excellent Central Phoenix investment opportunity! This 5-unit multifamily property features five 2-bedroom, 1-bath units with updated interiors and strong rental upside. Current scheduled rents total approximately $6,550/month, with projected market rents of approximately $7,500/month. Offered at $1,185,000, the property has an estimated 5.20% current cap rate with potential for approximately a 6.10% stabilized cap rate. Units feature updated kitchens, cabinetry, flooring and stainless steel appliances. Conveniently located near Downtown Phoenix, employment centers, shopping, dining, healthcare and major transportation corridors. Great opportunity for investors seeking existing cash flow with value-add potential. Buyer to verify all facts and figures.

Property

Beds

10

Full Baths

None

1/2 Baths

None

Year Built

1959

Sq.Footage

N/A

Features

Features & Amenities

Interior

  • Total Bedrooms

    10

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric, Varies by Unit

  • Heating YN

    YES

  • Heating

    Electric, Varies by Unit

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    Carport

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $1,185,000

  • Tax Amount

    $2,669

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Osborn Elementary District

  • Middle School

    N/A

  • High School

    Phoenix Union High School District

Property Features

  • Ownership

    Fee Simple

  • Tax Lot

    2

  • Water Source

    Public

Schedule

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Location

  • County

    Maricopa

  • Elementary School

    Osborn Elementary District

  • Middle School

  • High School

    Phoenix Union High School District

Listing Courtesy of Luis Espinoza, Gile Commercial Real Estate

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Agent Terri Applegarth

Terri Applegarth

Agent / Realtor®

Call Terri today to schedule a private showing.

Phone (303) 880-6439

Email Terri@MandyGoldTeam.com


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4012 N 15TH Avenue

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