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4012 N 15th Ave, Phoenix, AZ 85015

$1,185,000
  • 10

    bed

  • 5

    bath

Multi-family for sale 39 days
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About 4012 N 15th Ave

Property type Multi-family
Neighborhood
Year built 1959
HOA fee $0/month
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.
Listed by
Listing Agent - Luis Espinoza
Listing Office - Gile Commercial Real Estate
Source: ARMLS mls logo
MLS#7063520 • last updated 3 weeks ago
Movoto checked ARMLS for data 8 minutes ago
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Overview
Cooling/AC Electric, Individual
Heating Individual, Electric
MLS # 7063520
Type Multiple Dwellings
Status Active
Property Tax 2669
Year Built 1959
Interior
Total # of Bathrooms 5
Total # of Bedrooms 10
Flooring Vinyl
Appliances Built-In Range, Refrigerator, Washer/Dryer
Exterior
Roof Composition
Construction Painted, Block
Parking 1 Space/Unit, Carport
# of Covered Spaces 5
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision PARK FAIRMONT AMD
Community Features No Pool
Elementary School District Osborn Elementary District
High School District Phoenix Union High School District
APN 110-08-014
Zoning R-5
Directions From I-17, Exit Indian School Rd And Head East. Turn Right (south) On 15th Ave. Property Is Located At **4012 N 15th Ave, Phoenix, AZ 85015**, On 15th Ave Near Indian School Rd.
Multifamily Details
Total # of Units 5
Expense: Operating 7169
Financial Data Source Owner, Projected Proforma
Vacancy Allowance 0.04
Net Operating Income 74744
Gross Income 78048
Expense: Water/Sewer 4500
Gross Scheduled Income 81300
Lot/ Land Details
Road Surface Asphalt
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4/10
Clarendon School
public Grades PK, K-8
Osborn Elementary District
4/10
Encanto School
public Grades PK, K-8
Osborn Elementary District
4/10
Osborn Middle School
public Grades 7-8
Osborn Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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Walk
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Family
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Dining
97/100
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  • 4012 N 15th Ave

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