4012 N 15th Avenue, Phoenix, AZ 85015
- $1,185,000
- 10
- BD
- 5
- BA
- List Price
- $1,185,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 7063520
- City
- Phoenix
- Bedrooms
- 10
- Bathrooms
- 5
- Year Built
- 1959
Property Description
Excellent investment opportunity in Central Phoenix! This 5-unit multifamily property features spacious 2-bedroom, 1-bath units with approximately 800 SF each. Units have been updated with modern finishes, including flooring, kitchens, bathrooms, and appliances. Property features covered parking, private outdoor areas, and low-maintenance landscaping. Conveniently located near 15th Ave & Indian School Rd with easy access to Downtown Phoenix, major freeways, shopping, dining, employment centers, and public transportation. Great opportunity to acquire an updated, income-producing multifamily property in a desirable infill location with potential for continued rental growth.
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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
- Tenant Pays
- Electricity, Gas
- New Financing
- Conventional
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Listing courtesy of Gile Commercial Real Estate.
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