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32922895
32922900

4524 North 14th Place, Phoenix, AZ 85014

DS
BR020404000
Paramount Management & Realty
Listed by Paramount Management & Realty
$799,999
8 days on market
Updated 1 day ago

4524 North 14th Place

Details
Property Type Retail, Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building
Square Footage 1,817
Net Rentable (SqFt) 100
Units 3
Cap Rate 3.63%
NOI $28,668
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 1
Remaining Term 1
Rent Bumps No
Price per SqFt $440
Class B
Year Built 1954
Year Renovated 2014
Buildings 2
Lot Size (SqFt) 8,347
Zoning M-M R-3
Parking Spaces 3 spaces
Parking Per SqFt 1.65
Investment Type Institutional
Tenant Credit Credit Rated
Ground Lease No
Sale Condition N/A

100% occupancy. Low maintenance Income Property

Marketing description

Offering Summary:

Sales Price: $799,999

Number of Units: 3

Lot Size: 8,347 SF

Building Size: 1817 SF

Price per Sf: $440.28

Price per unit: $266,666.

Scheduled Income: $37,848.

Operating ExP: $9769,

NOI: $28,079

Cap Rate: 3.50%

Investment highlights

Prime Phoenix multifamily in the Biltmore Area submarket—this fully occupied 3-unit property (2×1-bedroom units + 1×2-bedroom unit) offers strong curb appeal, a quiet neighborhood feel, and immediate rental demand. Conveniently located ½ mile from AZ-51 , with easy access to major employment and healthcare anchors including Phoenix Children’s Hospital and Phoenix Indian Medical Center.

Each apartment features its own private yard space, plus open parking and inviting outdoor surroundings with green lawns and mature palms. The property benefits from new roofing

and new water heaters, supporting lower near-term capital needs and smoother operations.

Surrounded by shopping, dining, schools, parks, hospitals, and mountain access

, this location supports tenant retention and continued rent-demand fundamentals.

Value-add opportunity for an investor looking to optimize operations and/or interior/exterior upgrades over time. Property sold AS-IS.

Keywords:

Phoenix triplex for sale, Biltmore multifamily, tenant-occupied rental, investment property near AZ-51, Phoenix Children’s Hospital area.

Listing Contacts

DS
BR020404000
Paramount Management & Realty
Listed by Paramount Management & Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$28,668.00
$2,389.00/mo

Valuation Metrics

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DSCR
3.58%
Cap Rate
3.58%
ROI

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