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Sold on 12/08/2021
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4631 N 12th Ave, Phoenix, AZ 85013

$800,000

Last sold 12/08/2021 after 202 Days

  • 7

    bed

  • 6

    bath

Multi-family not for sale
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About 4631 N 12th Ave

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Property description
Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. $1,700,000 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $850,000 each. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. One large 3BR & 2BR unit with two 2BR & 2BA units. There is a 2 car garage and private storage rooms for additional revenue. 3BR rent is $1695 & 2BR rents are currently below market at $1100-$1165. Market 2BR rents are $1,250-$1350 Buyer to verify all facts and figures.
Listed by
Listing Agent - Linda S Gerchick
Listing Office - Gerchick Real Estate
Source: ARMLS mls logo
MLS#6238575 • last updated 4 years ago
Movoto checked ARMLS for data Just now
Overview
Cooling/AC Ceiling Fan(s), Heat Pump, Individual
Heating Individual, Heat Pump
MLS # 6238575
Type Multiple Dwellings
Status Closed
Property Tax 1384
Year Built 1961
Interior
Flooring Vinyl, Wood
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Painted, Block
Parking Free, >1 Space Per Unit, On Street, Carport
# of Open Parking Spaces 1
# of Covered Spaces 3
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision GRANDVIEW HIGHLANDS
Community Features No Pool
Elementary School District Osborn Elementary District
High School District Phoenix Union High School District
APN 155-43-187-A
Zoning R-3
Directions 11 Ave And Camelback. Turn South To Highland. Turn West And Go To 12 Ave. Turn South And The Property Is On The East Side Of The Street.
Multifamily Details
Total # of Units 3
Expense: Operating 10058
Financial Data Source Owner
Expense: Maintenance 1200
Vacancy Allowance 0.03
Expense: Insurance 1672
Net Operating Income 37178
Gross Income 47190.5
Expense: Other 600
Expense: Professional Management 3776
Expense: Water/Sewer 1426
Gross Scheduled Income 48300
We are not permitted to show value estimates for this property.
  • Dec 2021
    mls logo MLS # 1043042
  • Dec 7, 2021 Sold
    $800,000
  • Oct 24, 2021 Pending
    —
  • Oct 24, 2021 Listed
    $850,000
  • Oct 21, 2021 Listed
    —
  • Dec 2021
    Public Records
  • Dec 7, 2021 Sold
    $800,000
  • Dec 2021
    mls logo MLS # 6238575
  • Dec 7, 2021 Sold
    $800,000
  • Oct 8, 2021 Pending
    —
  • Oct 5, 2021 Listed
    —
  • Oct 1, 2021 Pending
    —
  • May 26, 2021 Listed
    $850,000
  • Dec 2021
    mls logo MLS # 22113871
  • Dec 6, 2021 Sold
    $800,000 (-5.9%)
  • Oct 8, 2021 Pending
    —
  • Oct 6, 2021 Listed
    —
  • Oct 1, 2021 Pending
    —
  • Aug 14, 2021 Listed
    —
  • Aug 5, 2021 Pending
    —
  • May 28, 2021 Listed
    $850,000
  • Year Property taxes Tax assessment
  • 2024
    $1,416 +3.5%
    $54,680 -7.25%
  • 2023
    $1,368 +0.6%
    $58,951 +32.83%
  • 2022
    $1,361 -1.7%
    $44,380 +48.88%
  • 2021
    $1,384 +2.6%
    $29,810 +12.79%
  • 2020
    $1,349 +4.5%
    $26,430 +17.31%
  • 2019
    $1,290 +3.4%
    $22,530 +16.61%
  • 2018
    $1,247
    $19,320
  • 4631 N 12th Ave
    $800K
  • Encanto
    $539K
  • 85013
    $500K -7% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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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
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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