BEDS10
BATHS
MLS#7063520
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPARK FAIRMONT AMD
SCHOOLPhoenix Union High School District
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Electric, Varies by Unit
Heating: Electric, Varies by Unit
Roof Type: Composition
Taxes: $2,669
Year Built: 1959
Feature Descriptions
Community Features: No Pool
Days on Site: 73
Exterior: Block, Painted
Parking: 1 Space/Unit, Carport
Sewer: Public Sewer
Water: City Franchise
Local Schools
School District: Phoenix Union High School District
Listed By / Shown By
Listed By
Agency Name: Gile Commercial Real Estate
Agency Phone: 602-980-3171
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimate Your Payment
Estimated Payment
$ 3,205.34 per month $2,637.30 Principal & Interest $222.42 Property Tax $345.63 Homeowner's Insurance
4012 N 15th Avenue | MLS# 7063520
This multi-family property located at 4012 N 15th Avenue, Phoenix, AZ 85015 is currently listed for sale with an asking price of $1,185,000. N 15th Avenue is located within the Phoenix Union High School District school district. Search Phoenix real estate on www.arizonabest.com today.