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12th Street 4 Plex 6228 S 12th St 4 Unit Apartment Building $944,853 CAD ($236,213 CAD/Unit) Phoenix, AZ 85042
Investment Highlights
- Owner/occupant investment opportunity
- Diverse mix appealing to both single tenants and families
- Strong rental demand in South Phoenix submarket/ Convenient access to I-10 and Sky Harbor Airport
- Flexible financing options: Residential/FHA/VA
- Fully Stabilized
- Opportunity for renovation and rental upside
Executive Summary
6228 SOUTH 12TH STREET IS A 4-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY LOCATED IN PHOENIX, ARIZONA 85042, LISTED AT $695,000, WITH A RECENT $70,000 PRICE REDUCTION. THE PROPERTY FEATURES A UNIQUE UNIT MIX CONSISTING OF THREE STUDIOS AND ONE 3-BEDROOM/2-BATHROOM HOUSE, MAKING IT APPEALING TO BOTH SINGLE TENANTS AND FAMILIES. CURRENTLY FULLY STABILIZED, THE ASSET OFFERS FLEXIBLE FINANCING OPTIONS INCLUDING RESIDENTIAL, FHA, AND VA LOANS, CREATING AN ATTRACTIVE OWNER/OCCUPANT INVESTMENT OPPORTUNITY. THE PROPERTY PRESENTS ADDITIONAL UPSIDE THROUGH RENOVATION AND RENTAL RATE GROWTH, SUPPORTED BY STRONG RENTAL DEMAND IN THE SOUTH PHOENIX SUBMARKET. IDEALLY POSITIONED WITH CONVENIENT ACCESS TO I-10 AND SKY HARBOR INTERNATIONAL AIRPORT, THE PROPERTY SITS JUST 5.2 MILES FROM DOWNTOWN PHOENIX AND 3.7 MILES FROM SOUTH MOUNTAIN PRESERVE.
Property Facts
| Price | $944,853 CAD | Building Class | C |
| Price Per Unit | $236,213 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 2,000 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1944 |
| Property Subtype | Apartment | ||
| Zoning | R-6 - Residential | ||
| Price | $944,853 CAD |
| Price Per Unit | $236,213 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 2,000 SF |
| No. Stories | 1 |
| Year Built | 1944 |
| Zoning | R-6 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 3+2 | 1 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 114-27-063 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $8,932 CAD |
Property Taxes
Parcel Number
114-27-063
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$8,932 CAD
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12th Street 4 Plex | 6228 S 12th St
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