4050 N 12th St - Apartments FOR SALE


Phoenix, AZ 85014
$5,000,000 USD
928-777-3225
4050 N 12th St, Phoenix, AZ for Sale
$5,000,000 USD
Apartments - FOR SALE
1/12
null | 5.1% Cap Rate

4050 N 12th St
Phoenix, AZ 85014


OVERVIEW

Introducing an exceptional 7-townhome multifamily opportunity in the evolving Encanto Village community of Phoenix, AZ. This property was built in 2022 and consists of seven three bedroom/two-and-a-half bathroom units, each with an oversized two-car garage. The property sits on .25 acres in MidtownPhoenix, AZ. Located at Indian School Rd and 12th St, these homes are within walking distance of Idylwild park and is across the road from Longview Elementary School. Each of the units is equipped with stainless steel appliances, quartz countertops, euro-style cabinets and have been designed to offer a timeless modern appeal. In addition, all units are electrically stubbed with the ability to expand the amenities to include eV charging in the oversized two car garage and solar power on the roof. Adjacent to a blossoming residential area, tenants enjoy convenient access to downtown Phoenix, Sky Harbor International Airport and they live in close proximity to St. Joseph’s, Banner and Phoenix Children’s Hospitals. For day- to-day living the light rail and 27 miles of bike paths connect tenants to the numerous well-known restaurants, coffee shops and cultural attractions in the immediate area.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

7

PRICE/UNIT

$714,286

CAP RATE

5.1%

% LEASED

71%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C2

APN/PARCEL ID

118-03-067,118-03-068,118-03-069,118-03-070,118-03-071,118-03-072,118-03-073,118-03-075

ASK ABOUT THIS PROPERTY

Miki NakajimaRuss Lyon Sotheby's International RealtyMore Info
928-777-3225

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Miki NakajimaRuss Lyon Sotheby's International RealtyMore Info
928-777-3225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.