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31486983
31486984

4039 S 12th St, Phoenix, AZ 85040

RD
BR662326000
De Luca Real Estate Group | FSR Realty
Listed by De Luca Real Estate Group | FSR Realty
$7,250,000
63 days on market
Updated 0 days ago
Opportunity zone

12th Street 24 Units

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 48,960
Net Rentable (SqFt) 48,960
Units 24
Cap Rate 15.75%
NOI $1,141,632
Occupancy 33%
Price per SqFt $148
Broker Co-Op Yes
Class A
Year Built 1
Buildings 12
Stories 2
Zoning R-3
Parking Spaces 2 per unit
Investment Type Value Add
Sale Condition For sale by owner

24 Units, 12 for coliving & 12 for long term rentals

Marketing description

OFFERING MEMORANDUM

4037 S. 12th St. Phoenix, AZ 85040

Execu&ve Summary

Asset Type: 24 DUPLEX BUILDINGS (2 Units/BUILDING)

Price: $7,950,000

Year Built: 2025

Unit Mix:

• (12) 4 Beds / 2 Baths

• (12) 3 Beds / 2 Bath

Total SF: 1,020 SQFT/Unit

Investment Highlights:

• New construction, some units have new been occupied.

• Strong cash-flowing asset in Central Phoenix

• Value-add opportunity through rent increases

• Low-maintenance landscaping

• Quality concrete parking

• Quality finishes in units

• Proximity to major freeways and downtown

Loca&on Overview

Located in the heart of Phoenix with quick access to I-10, and the Downtown area.

Minutes from downtown, shopping, dining, and major employment hubs.

Financial Overview

Gross Scheduled Rent:

$1,750/month ($21,000/yr) 3 Bedrooms

$3,700/month ($44,400/yr) 4 BedroomsGross Income: $784,800

Operating Expenses: $363,168

Net Operating Income (NOI): $1,141,632

Cap Rate: 14.4%

Price per Unit: $662,500

Rent Roll

Unit 101: 3 Bed / 2 Bath

Unit 103: 3 Bed / 2 Bath

-

-

$1,750

$1,750

-

-

3/21/26- 3/21/27

3/24/26- 3/23/27

Unit 105: 3 Bed / 2 Bath

Unit 107: 3 Bed / 2 Bath

Unit: 112: 4 Bed / 2 Bath

Unit: 212: 4 Bed / 2 Bath

-

-

-

-

$1,750

-

3/31/26- 10/31/26

$1,750

-

4/01/26- 10/31/26

$3,700/month (CoLiving/PadSplit)

$3,700/month (CoLiving/PadSplit)

Disclaimer

This Offering Memorandum is for informational purposes only. All information

should be independently verified by the buyer. Rental data is changing as units are

rented.

Investment highlights

This property is one of has 12 total buildings and 24 units. Newer construction so property is not fully occupied. Rental data is for the past few months from when the certificate of occupancy was obtained and in the documents area. See the quality finishes, including quartz countertops, stainless steel appliance, inside laundry in all units, and more. Priced below appraisals for a quick sale.

Listing Contacts

RD
BR662326000
De Luca Real Estate Group | FSR Realty
Listed by De Luca Real Estate Group | FSR Realty

Valuation Calculator

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,141,632.00
$95,136.00/mo

Valuation Metrics

0
DSCR
15.75%
Cap Rate
15.75%
ROI

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