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Bob Nathan

bob.nathan@engelvoelkers.com +1(480) 695-6031

$ 1,200,000

Est. payment -/mo

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Active

3422 N 12TH Place Phoenix, AZ 85014

UPDATED:

10/01/2024 08:03 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Stephenson Subdivision

MLS Listing ID 6761204

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1983

Annual Tax Amount $2,976

Tax Year 2023

Lot Dimensions 60 x 126.8

Property Description

Huge opportunity to own a 4-plex investment property in a prime location! This is an incredible opportunity for future wealth creation, with rapid growth and development in the area - right near the Biltmore! Each of the four units in this well-maintained building offers 2 bed/ 2 baths, providing affordable living space across 974 sf per unit. All units come with appliances, making it move-in ready for tenants—no need for any added expenses. Best of all, there are no HOA fees—a major bonus that keeps your operating costs lower. Currently, all units are occupied, offering immediate rental income. One unit requires a little TLC, giving you the potential to increase its rental value. Great proximity to downtown Phoenix, shopping, dining, and public transport. Whether you're looking to expand your portfolio or dive into your first multi-family investment, this might be a fantastic opportunity. Don't miss out!

Location

State AZ

County Maricopa

Community Stephenson Subdivision

Zoning R-4

Direction Head east on E Osborn Rd toward N 9th Pl. Turn left onto N 12th Pl. Turn left. Turn left. Destination will be on the left.

Interior

Heating Individual, Central, Electric

Cooling Central A/C, Individual, Electric

Flooring Ceramic Tile

Appliance BI Oven/Range, F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup

Exterior

Garage Paved Parking, Common

Community Features Other, No Pool

Waterfront No

Roof Type Built-Up

Parking Type Paved Parking, Common

Total Parking Spaces 4

Building

Sewer Sewer-In & Connected, Public Sewer

Water City Franchise, Master Meter

Schools

Elementary Schools Longview Elementary School

Middle Schools Osborn Middle School

High Schools North High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 118-08-137

Acceptable Financing Conventional, FHA, VA Loan

Listing Terms Conventional, FHA, VA Loan

Listed by Howe Realty

Bob Nathan

Global Private Office Advisor & Associate Broker | License ID: BR006110000

+1(480) 695-6031

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