4012 N 15th Avenue, Phoenix, AZ 85015
- $1,185,000
- 10
- BD
- 5
- BA
Courtesy of Gile Commercial Real Estate. 602-980-3171
- List Price
- $1,185,000
- Status
- ACTIVE
- Days on Market
- 36
- MLS#
- 7063520
- Subtype
- Multiple Dwellings
- Year Built
- 1959
- Bedrooms
- 10
- Bathrooms
- 5
- Subdivision
- Park Fairmont Amd
Property Description
Excellent Central Phoenix investment opportunity! This 5-unit multifamily property features five 2-bedroom, 1-bath units with updated interiors and strong rental upside. Current scheduled rents total approximately $6,550/month, with projected market rents of approximately $7,500/month. Offered at $1,185,000, the property has an estimated 5.20% current cap rate with potential for approximately a 6.10% stabilized cap rate. Units feature updated kitchens, cabinetry, flooring and stainless steel appliances. Conveniently located near Downtown Phoenix, employment centers, shopping, dining, healthcare and major transportation corridors. Great opportunity for investors seeking existing cash flow with value-add potential. Buyer to verify all facts and figures.
Additional Information
- Taxes
- $2,669
- Zoning
- R-5
- Appliances
- Built-In Range, Refrigerator, Washer/Dryer
- Heating
- Electric, Varies by Unit
- Air Conditioning
- Electric, Varies by Unit
- Exterior Construction
- Block, Painted
- Parking Features
- 1 Space/Unit, Carport
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All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.