About 4012 N 15th Avenue
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.
Features of 4012 N 15th Avenue
| MLS® # | 7063520 |
|---|---|
| Price | $1,185,000 |
| Bedrooms | 10 |
| Bathrooms | 5.00 |
| Year Built | 1959 |
| Type | Multiple Dwellings |
| Status | Active |
Community Information
| Address | 4012 N 15th Avenue |
|---|---|
| Subdivision | PARK FAIRMONT AMD |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85015 |
Amenities
| Amenities / Community Features | No Pool |
|---|---|
| Parking Spaces | 5 |
| Parking | 1 Space/Unit, Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Built-In Range, Refrigerator, Washer/Dryer |
|---|---|
| Heating | Individual, Electric |
| Cooling | Electric, Individual |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Painted, Block |
School Information
| District | Phoenix Union High School District |
|---|
Additional Information
| Zoning | R-5 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Gile Commercial Real Estate |
|---|