

4524 North 14th Place
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.
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