3422 N 12th Place, Phoenix, AZ 85014
- $1,200,000
- List Price
- $1,200,000
- Days on Market
- 21
- Status
- ACTIVE
- MLS#
- 6761204
- City
- Phoenix
- Subdivision
- Stephenson Subdivision
- Year Built
- 1983
Property Description
Huge opportunity to own a 4-plex investment property in a prime location! This is an incredible opportunity for future wealth creation, with rapid growth and development in the area - right near the Biltmore! Each of the four units in this well-maintained building offers 2 bed/ 2 baths, providing affordable living space across 974 sf per unit. All units come with appliances, making it move-in ready for tenants—no need for any added expenses. Best of all, there are no HOA fees—a major bonus that keeps your operating costs lower. Currently, all units are occupied, offering immediate rental income. One unit requires a little TLC, giving you the potential to increase its rental value. Great proximity to downtown Phoenix, shopping, dining, and public transport. Whether you're looking to expand your portfolio or dive into your first multi-family investment, this might be a fantastic opportunity. Don't miss out!
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Additional Information
- Elementary School
- Longview Elementary School
- High School
- North High School
- Middle School
- Osborn Middle School
- School District
- Phoenix Union High School District
- Community Features
- Other, No Pool
- Construction
- Stucco, Frame - Wood
- Cooling
- Central A/C, Individual, Electric
- Electric
- APS, Underground, Individual Meter
- Flooring
- Ceramic Tile
- Heating
- Individual, Central, Electric
- New Financing
- Conventional, FHA, VA Loan
- Parking Features
- Paved Parking, Common
- Roofing
- Built-Up
- Sewer
- Sewer-In & Connected, Public Sewer
- Subdivision
- Stephenson Subdivision
- Taxes
- $2,976
- Tax Year
- 2023
- Tenant Pays
- Electricity, Cable TV
- Units
- 4
- Water
- City Franchise, Master Meter
- Zoning
- R-4
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Listing courtesy of Howe Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.