BEDS0
BATHS
MLS#7020709
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSTEPHENSON SUBDIVISION
SCHOOLPhoenix Union High School District
Property Description
Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric, Varies by Unit
Heating: Electric, Varies by Unit, Central
Roof Type: Built-Up
Taxes: $3,188
Year Built: 1983
Feature Descriptions
Community Features: No Pool, Other
Days on Site: 3
Exterior: Wood Frame, Stucco
Flooring: Ceramic Tile
Parking: Paved, Carport
Sewer: Sewer-In & Connected
Water: Master Meter, City Franchise
Local Schools
High School: North High School
Middle School: Osborn Middle School
Elementary School: Longview Elementary School
School District: Phoenix Union High School District
Listed By / Shown By
Listed By
Agency Name: Howe Realty
Agency Phone: 602-909-6513
Shown By
Agency Title: Cindy Nelson - Realty One Group
Agency Phone: 480-535-0060
Estimate Your Payment
Estimated Payment
$ 7,185.31 per month $6,599.11 Principal & Interest $265.67 Property Tax $320.54 Homeowner's Insurance
3422 N 12th Place | MLS# 7020709
This multi-family property located at 3422 N 12th Place, Phoenix, AZ 85014 is currently listed for sale with an asking price of $1,099,000. N 12th Place is located within the Phoenix Union High School District school district. Search Phoenix real estate on www.cindynelsonazrealtor.com today.