About 3422 N 12th Place
Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.
Features of 3422 N 12th Place
| MLS® # | 7020709 |
|---|---|
| Price | $964,999 |
| Bedrooms | 8 |
| Year Built | 1983 |
| Type | Multiple Dwellings |
| Status | Active |
Community Information
| Address | 3422 N 12th Place |
|---|---|
| Subdivision | STEPHENSON SUBDIVISION |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85014 |
Amenities
| Amenities / Community Features | Other, No Pool |
|---|---|
| Parking Spaces | 4 |
| Parking | Paved, Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Built-In Range, Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup |
|---|---|
| Heating | Individual, Central, Electric |
| Cooling | Central Air, Electric, Individual |
| Fireplace | No |
Exterior
| Roof | Built-Up |
|---|---|
| Construction | Wood Frame, Stucco |
School Information
| District | Phoenix Union High School District |
|---|---|
| Elementary | Longview Elementary School |
| Middle | Osborn Middle School |
| High | North High School |
Additional Information
| Zoning | R-4 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Howe Realty |
|---|