Price Reduction - Views
3616 N 12TH Street, Phoenix, AZ
$ 3,125,000
Property Attributes
  • MLS#6590525
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85014
  • StyleMultiple Dwellings
  • Year Built2022
  • Taxes$ 2016
  • Price$ 3,125,000
  • 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

General Features

Additional Parcels Y/N No
Attached Garage No
Cap Rate 5.25
Carport Y/N No
City Phoenix
Community Features No Pool
Construction Materials Stucco, Block
Cooling Electric
County Maricopa
Current Financing Not Applicable
Days on Market 44
Disclosures None
Electric APS, Individual Meter
Elementary School Longview Elementary School
Elementary School District Osborn Elementary District
Garage Y/N Yes
Gross Income 179711.4
Heating Natural Gas
High School North High School
High School District Phoenix Union High School District
Insurance Expense 3356.88
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 0.0
Middle/Junior High School Osborn Middle School
Mobilehomeremainsyn No
Net Operating Income 170749.0
Occupancy Description Tenant
Open Parking Spaces 4.0
Operating Expense 7772.88
Ownerpays Landscaping
Ownership Fee Simple
Property Type Multiple Dwellings
Rent Control Y/N No
Roof Rolled/Hot Mop
Sewer Sewer-In & Connected, Public Sewer
Standard Status Active
Status Active
Street Name 12TH
Tax Annual Amount 2016.0
Tax Lot KK
Tax Year 2022
Tenant Pays Trash Collection, Gas, Electricity, Water, Cable TV
Total Units 4
Township 2N
View Y/N No
Year Built 2022
Zoning [R-4];[R1-6]

Interior Features

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

Exterior Features

Buyer Agent Compensation 2.00
Buyer Agent Compensation Type %
Covered Spaces 2.0
Crops Included Y/N No
Irrigation Water Rights Y/N No
Lot Dimensions 161.21x78.86
Lot Size Acres 0.0
Lot Size Area 0.0
Number of Buildings 4
Open Parking Y/N No
Parking Features Paved Parking, Add'l Parking Avail
Road Surface Type Concrete
Spa No
Total Parking 6.0
Water Source City Franchise


  • 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

AVG $2.78M
AVG $11,004
AVG 154
Year Built
AVG 1993

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