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Buy a multi-family propertyat 4012 N 15th Avenue, Phoenix, AZ 85015

$1,395,000

$0/mo

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Multifamily

283 Days on market

6584113 MLS ID

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About 4012 N 15th Avenue multi-family property

4012 N 15th Ave is a 5-Unit apartment community built in 1959. Comprised 100% of spacious 2-Bed/1-Bath units, each of which boasts 800 sq ft of living space and vaulted ceilings. This block construction apartment building was extensively renovated in 2023. Interiors were remodeled with new flooring, cabinets, countertops, SS appliances, bathrooms/showers, plumbing, doors, and more. The exterior of the building was enhanced with all new paint/finishes, desert landscaping, a newly rebuilt carport, electrical upgrades, two new HVAC units, and the addition of a shared community laundry space. Tenants also enjoy large private/gated back patios and covered parking spaces. All work was completed by a licensed general contractor and was recently inspected and approved by the City of Phoenix.
4012 N 15th Ave is a 5-Unit apartment community built in 1959. Comprised 100% of spacious 2-Bed/1-Bath units, each of which boasts 800 sq ft of living space and vaulted ceilings. This block construction apartment building was extensively renovated in 2023. Interiors were remodeled with new flooring, cabinets, countertops, SS appliances, bathrooms/showers, plumbing, doors, and more. The exterior of the building was enhanced with all new paint/finishes, desert landscaping, a newly rebuilt carport, electrical upgrades, two new HVAC units, and the addition of a shared community laundry space. Tenants also enjoy large private/gated back patios and covered parking spaces. All work was completed by a licensed general contractor and was recently inspected and approved by the City of Phoenix.

Property details

Listing

Source: Arizona Regional MLS

Bedrooms

5 two bedroom units

Two bedroom units: average rent: $1,650

Location

City/Town: Phoenix

County: Maricopa

Subdivision: Park Fairmont Amd

House

Built in 1959

1 building

Marketing name: 4012 North 15th Avenue

5 units

Painted

Block

5 - 12 Units

Interior Features

Unfurnished

Exterior Features

Desert Landscaping

Partially Fenced

Separate Storage

Floors

Vinyl

Roof

Comp Shingle

Property

Property type: F

Zoning: R-5

Expenses

Operating expense: $2,414

Income

Adjusted gross income: 96000.00

Total monthly rental income: 8250.00

Net operating income: 74744.00

Lot

Size: 10723

Lot number: 2

Amenities

No Pool

Appliances and Equipment

BI Oven/Range

Refrigerator

Washer/Dryer

Parking

5 parking spaces

5 covered parking spaces

1 Space/Unit

Carport

Cooling

Electric

Individual

Heating

Electric

Individual

Water

City Franchise

Utilities

Individual Meter

Individual Meter

Sewer - Public

Home Owner's Association

Homeowners' association: No

Taxes

Taxes: 2414.00

Year: 2022

Municipality: Phoenix

Miscellaneous

Sewer

Trash Collection

Water

Electric

Gas

Monthly cost

Estimated monthly cost

$8,773/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,311,300

+$41,850

$1,353,150

Seller agent commission$41,850 (3%)*

$0 (0%)

Buyer agent commission$41,850 (3%)*

$41,850 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $41,850 more selling your home
with an Unreal Estate agent

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Cities

Unreal Estate checked: Aug 8, 2023 at 4:31 p.m.

Data updated: Jul 25, 2023 at 6:02 p.m.

Courtesy of ABI Multifamily
This content last updated on 07/25/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Listing Information © 2024 Arizona Regional Multiple Listing Service, Inc.

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