4012 N 15th Avenue, Phoenix, AZ 85015
- $1,185,000
- 10
- BD
- 5
- BA
- List Price
- $1,185,000
- Days on Market
- 16
- Status
- ACTIVE
- MLS#
- 7063520
- City
- Phoenix
- Bedrooms
- 10
- Bathrooms
- 5
- Subdivision
- Park Fairmont Amd
- 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.
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Additional Information
- Community Features
- No Pool
- Construction
- Block, Painted
- Cooling
- Electric, Varies by Unit
- Electric
- Individual Meter
- Heating
- Electric, Varies by Unit
- New Financing
- Conventional
- Parking Features
- 1 Space/Unit, Carport
- Roofing
- Composition
- Subdivision
- Park Fairmont Amd
- Taxes
- $2,669
- Tax Year
- 2025
- Tenant Pays
- Electricity, Gas
- Units
- 5
- Water
- City Franchise
- Zoning
- R-5
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Listing courtesy of Gile Commercial Real Estate.