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Fully Renovated and Stabilized Triplex 315 E Carol Ave 3 Unit Apartment Building $767,713 CAD ($255,904 CAD/Unit) 7.78% Cap Rate Phoenix, AZ 85020
Executive Summary
Professionally managed with 1 year leases and security deposits in place. Newly renovated with a new roofing system, exterior and interior paint, new water heaters and plumbing fixtures, new white shaker cabinets, baseboards and trim, stainless steel GE appliances, R-38 insulation, 20 mm vinyl flooring, vinyl windows, and updated heating and cooling. There are 2 buildings with a 1 bedroom 1 bath unit and two 2 bedroom 1 bath units in the rear. Rents are $4,380 per month with RUBS for utilities included.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$72,068
|
$40.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,068
|
$40.47
|
| Taxes |
$610
|
$0.34
|
| Operating Expenses |
$11,723
|
$6.58
|
| Total Expenses |
$12,334
|
$6.93
|
| Net Operating Income |
$59,735
|
$33.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $72,068 |
| Annual Per SF | $40.47 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $72,068 |
| Annual Per SF | $40.47 |
| Taxes (CAD) | |
|---|---|
| Annual | $610 |
| Annual Per SF | $0.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,723 |
| Annual Per SF | $6.58 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,334 |
| Annual Per SF | $6.93 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $59,735 |
| Annual Per SF | $33.54 |
Property Facts
| Price | $767,713 CAD | Building Class | C |
| Price Per Unit | $255,904 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 1,781 SF |
| Cap Rate | 7.78% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.81/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-3 - Multi Family | ||
| Price | $767,713 CAD |
| Price Per Unit | $255,904 CAD |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 1,781 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1940/2025 |
| Parking Ratio | 2.81/1,000 SF |
| Zoning | R-3 - Multi Family |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Courtyard
- Laundry Facilities
- Gas Range
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,364 CAD | 480 |
| 2+1 | 2 | $1,776 CAD | 640 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 159-45-086 | Total Assessment | $4,798 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $610 CAD ($0.34 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
159-45-086
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,798 CAD
Annual Taxes
$610 CAD ($0.34 CAD/SF)
Tax Year
2025
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Fully Renovated and Stabilized Triplex | 315 E Carol Ave
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