

12th Street 24 Units
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.
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