$949,000
Phoenix, AZ 85014
MLS# 7022517
1 / 31
Property Description
Very charming and quiet mid-century apartment community in midtown Phoenix situated just north of the Phoenix country club features a garden style four-unit building and a beautiful two-bedroom home (separate listing) surrounding a lush green community courtyard! The apartment units have been meticulously upgraded with beautiful flooring, tiling, paint, appliances, ceiling fans and lighting. An array of improvements and enhancements on this stunning property have created an environment where tenants typically remain for a long time! Ideal set-up for someone who wants to reside in the mid-century home while renting the units out. Or perfect AirBnB! This one's truly a gem in a fantastic location near light rail, Biltmore and downtown!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $949,000
List Price: $949,000
Status: Active
List Date: 2026-05-01
Location, Tax & Legal
Assessor's Map #: 8
Assessor's Parcel #: 152
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 1848
Legal: S 50' OF N 180' OF E 126' OF W 159' OF NW4 SW4 SW4 NE4 .14 AC
Marketing Name: Unique Midtwn Multi-Fam
House Number: 3515
Compass: N
Street Name: 12th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Country: US
County Code: Maricopa
Assessor Number: 118-08-152
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 6098
Flood Zone: No
Total # of Units: 4
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Osborn Community iSchool
Jr. High School: Longview Elementary School
High School: North High School
Year Built: 1947
Zoning: R-4
Project Type
Four Plex: 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Brick: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Laminate: 1
Concrete: 1
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 650
Annual Landscape Exp: 1440
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3938
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 57240
Pmt & Rate Info
Cap Rate: 5.27
Equity: 949000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Lockbox Type
None: 1
Community Features
See Remarks: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Drapes: 1
Breakfast Bar: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Gas Oven: 1
Microwave: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Special
Owner/Agent: 1
Accept Backups (CLO): 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-494-1016
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1050
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1650
Avg SqFt: 850
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: N 12th Street and E Osborn Road
Directions: North to property on east side of 12th Street.
Geo Lat: 33.488844
Geo Lon: -112.05604
Income Expenses
Gross Annual Sch Inc: 57240
Net Operating Income: 50056
Property Features
Project Type: Four Plex
Other Type: House + Rental Units
Construction: Block; Brick
Const - Finish: Painted
Roofing: Composition
Floors: Laminate; Concrete; Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: See Remarks
Exterior Amenities: Desert Landscaping; Separate Storage
Interior Features: Unfurnished; Drapes; Breakfast Bar
Appliances Included: Free-Standing Gas Oven; Refrigerator; Dishwasher; Disposal; Microwave
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Special: Owner/Agent; Accept Backups (CLO)
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office: DPR Realty LLC
Last Updated: May - 02 - 2026
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