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4028 S 15TH Street Phoenix, AZ $ 1,250,000
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$ 1,250,000 Get more info
4028 S 15TH Street
$ 1,250,000
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4028 S 15TH Street

Phoenix, AZ, 85040
$ 1,250,000
Baths0.0

Monthly Estimate*

$ 7,696

4028 S 15TH Street, Phoenix, AZ 85040 - Image 1
4028 S 15TH Street, Phoenix, AZ 85040 - Image 2
4028 S 15TH Street, Phoenix, AZ 85040 - Image 3
4028 S 15TH Street, Phoenix, AZ 85040 - Image 4
4028 S 15TH Street, Phoenix, AZ 85040 - Image 5
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4028 S 15TH Street, Phoenix, AZ 85040 - Image 7
4028 S 15TH Street, Phoenix, AZ 85040 - Image 8
4028 S 15TH Street, Phoenix, AZ 85040 - Image 9
Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,250,000. This home was built in 1961.

Turnkey investment opportunity with some units already occupied! featuring a fully remodeled multi-building INCOME property with modern finishes throughout. Gated entry with remote access, plus ample parking with both covered and uncovered spaces. Well-maintained and ready for continued cash flow. Building One includes three apartments: one 2 bed/2 bath and two 1 bed/1 bath units, all with kitchens and W/D hookups. Buildings Two and Three offer four identical 1 bed/1 bath units with living rooms, kitchens, W/D hookups, and private back patioS! The property also includes two newer mobile homes with primary bedrooms, en-suite baths, and W/D hookups.

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Multi-Family Active

Price

$ 1,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 686

Style

Multiple Dwellings

Year Built

1961

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6972367
Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air Individual
Roof Composition
Zoning R-4
Construction Materials Wood Frame Painted Stucco Block
Year Built 1961
Electric SRP
Township 1N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 96607.0
Community Features No Pool
County Maricopa
Net Operating Income 133200.0
Operating Expense 36014.48
Insurance Expense 4980.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 0.0
Subdivision Name NORMAN ACRES
Garage Y/N N
Status Active
High School South Mountain High School
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 6.0
Number Of Units Total 9
Carport Y/N N
Tax Annual Amount 686.0
Electric Expense 14829.6
Water Sewer Expense 8076.0
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
Elementary School District Roosevelt Elementary District
Tax Lot 1
Cap Rate 10.66
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 Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features See Remarks Free Assigned >1 Space Per Unit Carport
Water Source City Franchise
Total Parking 14.0
Number of Buildings 5
Spa N
Lot Dimensions 13 572
Covered Spaces 8.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4028
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* Excluded Features
List By
Valley Views Re

Broker

sheyla@realestateguides.com

Email

Affordability Calculator

$7,754
Per Month
99%
1%
0%
Monthly Principal & Interest
$7,696
Monthly Property Taxes
$57
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4327165 Elementary School
4327058 Middle School
South Mountain High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/22/2026$1,250,000 Listed Price

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4028 S 15TH Street, Phoenix, AZ, 85040 is a Multi-Family Home for sale at $1,250,000. 4028 S 15TH Street is a studio with 0.0 baths and was built in 1961. The property's zip code is 85040 which is in Phoenix, AZ

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