3616 N 12TH Street Phoenix, AZ $ 2,850,000
3616 N 12TH Street
$ 2,850,000
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3616 N 12TH Street

Phoenix, AZ, 85014
$ 2,850,000
Baths0.0

Monthly Estimate*

$ 19,908

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $2,850,000. This home was built in 2022.

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.

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Multi-Family Active

Price

$ 2,850,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,016

Style

Multiple Dwellings

Year Built

2022

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6590525

Features
General
Sewer Sewer-In & Connected Public Sewer
Heating Natural Gas
Cooling Electric
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
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 N
Garage Y/N Y
Status Active
High School North High School
City Phoenix
Buyer Agent Compensation 2.00
Disclosures None
View Y/N N
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 N
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 N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 253
Standard Status Active
Occupancy Description Tenant
Elementary School District Osborn Elementary District
Tax Lot KK
Cap Rate 5.69
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community N
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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Exterior
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 N
Lot Dimensions 161.21x78.86
Lot Size Acres 0.0
Road Surface Type Concrete
Covered Spaces 2.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 3616
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* Excluded Features
List By
Launch Powered By Compass

Broker

chad@thekallaygroup.com

Email

Affordability Calculator

$20,076
Per Month
99%
1%
0%
Monthly Principal & Interest
$19,908
Monthly Property Taxes
$168
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
4328222 Elementary School
4327120 Middle School
North High School High School
Pricing History
DatePricePrice ChangeDescription
4/4/2024$2,850,000 -5.00% Price Down
1/5/2024$3,000,000 -1.64% Price Down
11/15/2023$3,050,000 -2.40% Price Down
9/12/2023$3,125,000 -1.57% Price Down
8/23/2023$3,175,000 -2.31% Price Down
8/10/2023$3,250,000 Listed Price

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3616 N 12TH Street, Phoenix, AZ, 85014 is a Multi-Family Home for sale at $2,850,000. 3616 N 12TH Street is a studio with 0.0 baths and was built in 2022. The property's zip code is 85014 which is in Phoenix, AZ