822 E CAROL Avenue Phoenix, AZ $ 975,000
822 E CAROL Avenue
$ 975,000
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822 E CAROL Avenue

Phoenix, AZ, 85020
$ 975,000
Baths0.0

Monthly Estimate*

$ 6,083

822 E CAROL Avenue, Phoenix, AZ 85020 - Image 1
822 E CAROL Avenue, Phoenix, AZ 85020 - Image 2
Studio

Multi-Family Home for sale in Phoenix, AZ

for $975,000. This home was built in 1977.

This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses. Key Property Highlights Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense. Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membrane—dramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, includi This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses. Key Property Highlights Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense. Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membranedramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, including individual fenced patios and rear yards, increasing tenant satisfaction, retention, and rental demand. Desirable Slump Block Construction, known for its durability, thermal performance, and long-term stabilityideal for long-term investors. One Unit Currently Vacant, already refreshed with new interior paint, 2-inch wood-look faux blinds, and additional cosmetic upgradesperfect for achieving market rent quickly. All Units Feature Ceramic Tile Flooring, ideal for durability, ease of maintenance, and lower turnover costs. Significant Rental Upside, as existing rents are below current market levels for the area. Excellent Transportation Access, located minutes from State Route 51, connecting residents to major employers, hospitals, parks, and Central Phoenix amenities. Why This Fourplex Performs Well as an Investment This asset checks all the boxes for a low-maintenance, high-demand rental investment: Turnkey exterior improvements already completed Individual outdoor spaces that support stronger rent premiums A refreshed vacant unit ready for lease or owner-occupancy Proven long-term construction type Strong local renter demand driven by proximity to transit corridors and employment East Sunnyslope - Phoenix, Arizona Area Overview for Investors & Buyers** East Sunnyslope is one of Phoenix's most established and naturally scenic neighborhoods, positioned at the base of the North Mountain Preserve and offering a unique blend of urban convenience and outdoor lifestyle. Located just minutes from State Route 51, the area provides residents with fast access to Downtown Phoenix, Midtown, the Camelback Corridor, and the broader Valley employment base. Proximity to SR-51 (Highway 51) East Sunnyslope benefits from immediate access to SR-51, one of Phoenix's primary north-south freeways. This corridor significantly reduces commute times to: Downtown Phoenix (approx. 10 minutes) Biltmore Financial District Phoenix Children's Hospital & Medical Cluster Sky Harbor International Airport Scottsdale employment corridors This connectivity is a major reason residents and investors choose the area. Major Employers Near East Sunnyslope While Sunnyslope retains a neighborhood character, it is surrounded by several significant employment hubs that attract renters and long-term residents: Healthcare HonorHealth John C. Lincoln Medical Center A major medical employer and long-standing anchor of the Sunnyslope community. Phoenix Children's Hospital (PCH) - approx. 10 minutes Abrazo Health / Arizona Heart Hospital - via SR-51 access Mayo Clinic Hospital - approx. 15-20 minutes north via SR-51 Healthcare continues to be one of Phoenix's strongest and fastest-growing employment sectors. Government & Education City of Phoenix administrative and service departments Arizona Department of Economic Security Nearby public, charter, and private schools creating local employment stability Corporate & Office Employment Easy SR-51 access puts residents within minutes of: Camelback Corridor financial district Central Avenue business core Midtown office towers and professional services firms Parks, Recreation & Lifestyle East Sunnyslope is known for its natural surroundings and immediate access to outdoor amenities. Popular recreational assets include: North Mountain Park A major regional destination offering hiking, biking, scenic overlooks, and desert trails. The park provides direct mountain access while still being inside city limits. Sunnyslope Park A community-focused park with open green space, sports courts, and family amenities serving local residents. Arizona Canal Multi-Use Path A long, continuous pedestrian and bike path connecting Sunnyslope to Central Phoenix, Biltmore, and East Valley trail systems. Dreamy Draw Recreation Area (via SR-51) A short drive away, it offers additional hiking, shaded canyon spaces, and access to the Phoenix Mountain Preserve. Why East Sunnyslope Appeals to Renters & Investors Urban convenience with mountain views Fast access to major highways Close to hospitals, employment centers, and office corridors Affordable compared to nearby North Central and Biltmore neighborhoods Strong demand from healthcare workers, young professionals, and long-term tenants Mixed housing stock with value-add opportunities

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Multi-Family Active

Price

$ 975,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 927

Style

Multiple Dwellings

Year Built

1977

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6952059

Features
General
Sewer Public Sewer
Heating Individual Heat Pump Electric
Cooling Ceiling Fan(s) Electric Heat Pump Individual
Roof Composition See Remarks
Zoning Multi
Construction Materials Painted Block
Year Built 1977
Electric APS
Township 3N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 0.0
Community Features No Pool
County Maricopa
Net Operating Income 17415.0
Operating Expense 2527.0
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 1000.0
Garage Y/N N
Status Active
City Phoenix
Disclosures Seller Prop Disc Stm APOD/Backup Avaible Sch of Personal Prop
High School District Glendale Union High School District
Open Parking Spaces 6.0
Number Of Units Total 4
Lot Size Square Feet 0.0
Carport Y/N N
Tax Annual Amount 927.0
Electric Expense 0.0
Fuel Expense 0.0
Trash Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Lot 0
Cap Rate 1.79
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Carpet Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Free 1 Space/Unit On Street
Water Source Master Meter City Franchise
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 1
Spa N
Lot Dimensions irr
Lot Size Acres 0.0
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 822
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* Excluded Features
List By
Gerchick Real Estate

Broker

Linda@justsoldit.com

Email

Affordability Calculator

$6,160
Per Month
99%
1%
0%
Monthly Principal & Interest
$6,083
Monthly Property Taxes
$77
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
4327134 Elementary School
4327258 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/27/2025$975,000 Listed Price

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822 E CAROL Avenue, Phoenix, AZ, 85020 is a Multi-Family Home for sale at $975,000. 822 E CAROL Avenue is a studio with 0.0 baths and was built in 1977. The property's zip code is 85020 which is in Phoenix, AZ