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32642015
32642016

3511-3515 12th St, Phoenix, AZ 85014 For Sale

SD
AZ SA644641000
SR
AZ SA568708000
$1,418,000
71 days on market
Updated 36 days ago

Midtown Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,820
Units 5
Cap Rate 5.00%
NOI $70,440
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $85,440
Year Built 1947
Acreage 0.280
Investment Type Stabilized

Multifamily | 4-Plex + SFR

Marketing description

Very charming and quiet mid-century apartment community in midtown Phoenix situated just north of the Phoenix country club. Features a 4-unit building and a single family residence surrounding a lush garden community courtyard! Unit mix consists of (3) 1-Bed / 1-Bath, (1) 2-Bed / 1-Bath for the 4-plex & 2-Bed / 1-Bath for the SFR. The units have been meticulously upgraded with beautiful flooring, tiling, paint, appliances, ceiling fans, lighting & HVAC. Property is fully fenced & secure with 5 parking spaces in front & 4 carport spaces in the back. An array of improvements and enhancements blending mid-century charm with modern, high-end renovations have created an environment where tenants typically remain for a long time! Ideal set-up for someone who wants to reside in the mid-century home while renting the units out or perfect AirBnB! This one's truly a gem in a fantastic location near light rail, Biltmore and downtown.

Investment highlights

  • 4-Plex + SFR, built 1947, Garden Style Mid Century Property Located in Popular Midtown Phoenix area
  • Unit Mix Consists of (3) 1-Bed / 1-Bath, (1) 2-Bed / 1-Bath, and SFR 2-Bed / 1-Bath
  • Updated Units with flooring, paint, appliances, fans, lighting & HVAC
  • Strong Rental History with Near-Term Rent Increase potential

Listing Contacts

SD
AZ SA644641000
SR
AZ SA568708000

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$70,440.00
$5,870.00/mo

Valuation Metrics

0
DSCR
4.97%
Cap Rate
4.97%
ROI

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Additional Information

Name
shaun david
License
SA644641000
Name
Stephen Rouse
License
SA568708000
Brokerage
DPR Realty
Brokerage Phone
4806707361
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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