4323 N 13th Place, Phoenix, AZ 85014
- $1,550,000
- 11
- BD
- 6
- BA
- List Price
- $1,550,000
- Status
- ACTIVE
- Price Change
- ▼ $49,000 1787619065
- Days on Market
- 102
- MLS#
- 7035981
- City
- Phoenix
- Bedrooms
- 11
- Bathrooms
- 6
- Year Built
- 1958
Property Description
The Chadley at Madison Park is a 5-unit multifamily community originally built in 1958 and comprehensively renovated in 2026.Interior upgrades include updated electrical panels, new plumbing, full cosmetic renovations, and new in-unit washers and dryers. Exterior improvements include a new roof, new sewer lines, new water lines, new HVAC systems, and new water tanks. The unit mix consists of (4) two-bedroom/one-bathroom units and (1) three-bedroom/two-bathroom home, appealing to families and long-term tenants alike. Each residence features a large private backyard and a dedicated carport and outdoor space that is increasingly rare in the submarket. Ideally positioned directly across from Madison Park and Madison Park Middle School and just minutes from shopping, dining, and entertainment
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Additional Information
- Taxes
- $1,730
- Net Operating Income
- $90,574
- Cap Rate
- 5.49
- Units
- 5
- Parking Features
- 1 Space/Unit, Assigned, Attached Carport
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Central Air, Varies by Unit, Ceiling Fan(s)
- Heating
- Electric, Varies by Unit
- Zoning
- R-3
- Subdivision
- Meadowbrook Tract Blk 1
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Tenant Pays
- Electricity, Gas
- New Financing
- Conventional, 1031 Exchange, Cash
Courtesy of ABI Multifamily. 602-714-1400
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