4012 N 15th Avenue, Phoenix, AZ 85015
- $1,185,000
- 10
- BD
- 5
- BA
- List Price
- $1,185,000
- Status
- ACTIVE
- Days on Market
- 82
- MLS#
- 7063520
- City
- Phoenix
- Bedrooms
- 10
- Bathrooms
- 5
- Year Built
- 1959
Property Description
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.
/u.realgeeks.media/getmultifamily/header.png)
Additional Information
- Taxes
- $2,669
- Net Operating Income
- $74,744
- Cap Rate
- 6.31
- Units
- 5
- Parking Features
- 1 Space/Unit, Carport
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Electric, Varies by Unit
- Heating
- Electric, Varies by Unit
- Zoning
- R-5
- Subdivision
- Park Fairmont Amd
- Community Features
- No Pool
- Electric
- Individual Meter
- Water
- City Franchise
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas
- New Financing
- Conventional
Courtesy of Gile Commercial Real Estate. 602-980-3171
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.