4020 N 12th Street, Phoenix, AZ 85014
- $4,495,000
- 21
- BD
- 21
- BA
- List Price
- $4,495,000
- Status
- ACTIVE
- Days on Market
- 52
- MLS#
- 7057128
- City
- Phoenix
- Bedrooms
- 21
- Bathrooms
- 21
- Year Built
- 2021
Property Description
Seven-unit townhome portfolio in Encanto Village, one of Midtown Phoenix's most sought-after neighborhoods. Within 10 minutes of major employers, dining, nightlife, professional sports, I-10, SR-51, and SR-202, five major hospitals, and 20 minutes from Sky Harbor. Built in 2021, each 1,779 SF townhome offers 3 bedrooms and 2.5 baths over two levels, with private courtyards, high-end finishes, and two flex areas for work/play. Currently operated as rentals with in-place rents below market, offering meaningful upside in one of the nation's strongest job markets. Each home is individually parceled, allowing an investor to hold the portfolio for income today and later sell units individually at retail. A rare central-Phoenix asset pairing for-sale-quality product with two distinct value paths.
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Additional Information
- Taxes
- $3,117
- Net Operating Income
- $163,700
- Cap Rate
- 3.64
- Units
- 7
- Parking Features
- Paved, >1 Space Per Unit
- Construction
- Wood Frame, Stucco
- Roofing
- Built-Up
- Cooling
- Central Air, Electric, Varies by Unit, Ceiling Fan(s)
- Heating
- Electric, Varies by Unit
- Zoning
- R-4
- Exterior Features
- Sidewalk(s)
- Subdivision
- Moli Gardens
- Community Features
- No Pool
- Electric
- APS, Individual Meter
- Water
- Individual Meter
- Tenant Pays
- Water, Sewer, Electricity, Cable TV
- New Financing
- Cash to Loan, Conventional, 1031 Exchange, Cash
- Elementary School
- Longview Elementary School
- Middle School
- Osborn Middle School
- High School
- North High School
Courtesy of HANABEE. 928-777-3225
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