Views
Address
3616 N 12TH Street, Phoenix, AZ
Price
$ 3,000,000
Property Attributes
  • MLS#6590525
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85014
  • StyleMultiple Dwellings
  • Year Built2022
  • Taxes$ 2016
  • Price$ 3,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Welcome to an extraordinary investment prospect located near the Phoenix Country Club and Biltmore area. Built in 2022, this modern 4-unit townhome property offers 4 beds, 3.5 baths, and spans 2200 sq ft, providing spacious living accommodations. Nestled in a prime location, this property is designed to cater to tenants who appreciate both convenience and luxury. Each townhome showcases a stylish design, enhanced by high-end finishes and amenities, promising an upscale living experience. Furthermore, the rooftop patios offer breathtaking views of the city and mountains, adding to the allure. With all units currently occupied, this property assures a prompt and consistent income stream for the discerning investor.

Elementary School Middle School High School
Longview Elementary School Osborn Middle School North High School
Price History
8/10/2023 Listed $3,250,000
8/23/2023 3% - $3,175,000
9/12/2023 2% - $3,125,000
11/15/2023 3% - $3,050,000
1/5/2024 2% - $3,000,000

General Features

Sewer Sewer-In & Connected,Public Sewer
Roof Rolled/Hot Mop
Zoning [R-4];[R1-6]
Construction Materials Stucco,Block
Year Built 2022
Electric APS,Individual Meter
Tenant Pays Trash Collection,Gas,Electricity,Water,Cable TV
Township 2N
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 179711.4
OwnerPays Landscaping
Community Features No Pool
County Maricopa
Net Operating Income 170749.0
Operating Expense 7772.88
Insurance Expense 3356.88
Property Type Multiple Dwellings
Attached Garage No
Garage Y/N Yes
Status Active
High School North High School
City Phoenix
Buyer Agent Compensation 2.00
Disclosures None
View Y/N No
High School District Phoenix Union High School District
Open Parking Spaces 4.0
Total Units 4
Lot Size Square Feet 0.0
Carport Y/N No
Street Name 12TH
Elementary School Longview Elementary School
Tax Annual Amount 2016.0
Current Financing Not Applicable
Middle/Junior High School Osborn Middle School
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 194
Standard Status Active
Occupancy Description Tenant
Elementary School District Osborn Elementary District
Tax Lot KK
Cap Rate 5.69
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community None

Interior Features

Flooring Vinyl
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Street
Electric On Property Y/N No

Exterior Features

Parking Features Paved Parking,Add'l Parking Avail
Water Source City Franchise
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 4
Spa No
Lot Dimensions 161.21x78.86
Lot Size Acres 0.0
Road Surface Type Concrete
Covered Spaces 2.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85014

Price
AVG $1.64M
$3M
Taxes
AVG $2,849
$2,016
Visits
AVG 33
80
Data Provided by Inside Real Estate®
Year Built
AVG 1971
2022

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover