Listed by SVN | Desert Commercial Advisors
$800,000
721 E Carol Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,702
Units 2
Cap Rate 4.70%
NOI $37,600
Occupancy 100%
Tenancy Multi
Price per SqFt $216
Year Built 2022
Buildings 1
Lot Size (SqFt) 11,313
Zoning R-4
Parking Spaces 2 per unit
Multifamily | 2 Units | $400,000/unit
Marketing description
Introducing an exceptional opportunity for multifamily investment in Phoenix, Arizona. This modern property features a 3,702 SF building with 2 contemporary units, offering a prime low-rise/garden investment option. Built in 2022, this well-designed property is ideally suited for investors seeking to capitalize on the growing demand for housing in the Phoenix area. Zoned R-4, it presents a versatile investment potential. With its strategic location and contemporary design, this property represents an attractive option for investors seeking to expand their multifamily portfolio in this dynamic market.
Listing Contacts
Listed by SVN | Desert Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,600.00
$3,133.33/mo
Valuation Metrics
0
DSCR
4.7%
Cap Rate
4.7%
ROI
Map
Zoning
R-4 ResidentialMulti FamilyMultifamily Residence
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View all 73 uses
View all 73 uses Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics
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