4050 N 12TH Street, Phoenix, AZ 85014
$5,000,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$5,000,000
Last Modified:
2/05/2025
Description
EXTRAORDINARY INVESTMENT OPPORTUNITY - Entire townhome building for sale in Encanto Village, Midtown Phoenix's most vibrant neighborhood. 5 of the 7 units have tenants currently in place, so the savvy investor can start generating revenues immediately. No more than 10 minutes from major business services, restaurants, nightlife, professional sports venues, I-10, 51, 202, 5 major hospitals and 20 minutes from Phoenix Sky Harbor Airport. Completed in 2022, each 1779sf, 3 bedroom | 2 ½ bath ultra-modern townhome is on 2 floors and features private courtyards, hi-end finishes, 2 separate flex areas for work or play and state-of-the-art technologies. The Phoenix business and job market are booming, so the demand for high quality housing will continue to be strong.
More Information MLS# 6815653
Contract Info
Current Price: $5,000,000
List Price: $5,000,000
Status: Active
List Date: 2025-02-04
Ownership: Fee Simple
Location Tax Legal
House Number: 4050
Compass: N
Street Name: 12TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Country: USA
County Code: Maricopa
Subdivision: MOLI GARDENS II
Assessor Number: 118-03-067
Tax Year: 2024
General Property Description
Lot Size Dimensions: 73.53' x 151.6'
Year Built: 2022
Uncvrd Parking Spcs: 7
Total # of Units: 7
# of Buildings: 1
Zoning: C-2
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: North High School
Remarks Misc
Cross Street: SWC E Indian School Rd & N 12th St
Directions: The townhomes are located at the southwest corner of Indian School and 12th Street.
Geo Lat: 33.494295
Geo Lon: -112.056584
Status Change Info
Status Change Date: 2025-02-04
Legal Info
Township: 2N
Range: 3E
Section: 28
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 283920
Net Operating Income: 286800
Showing Notification Methods
Showing Service: No Showing Service Used
3 Bedrooms Units
# 3 Bedroom Units: 7
Avg Rent: 3380
Avg SqFt: 1779
# Baths: 25
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Stucco
Roofing: Built-Up
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Patio/Balcony
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual; Central A/C
Water: Individual Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: Garage; >1 Space Per Unit; Attached; Add'l Parking Avail; Paved Parking
Owner Pays: Trash Collection; Landscaping; Other; See Remarks
Tenant Pays: Water; Sewer; Electric; Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: February - 05 - 2025
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