4037 S 12th Street, Phoenix, AZ 85040 - MLS #7001746

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images******** Bath images2025

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Description

This property has 12 total buildings and 24 units. Newer construction so property is not fully occupied. Rental data is for the past few months from when the certificate of occupancy was obtained and in the documents area. See the quality finishes, including quartz countertops, stainless steel appliance, inside laundry in all units, and more. Priced below appraisals for a quick sale.

Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Foam
Floors: Laminate
Sale Includes: Land & Building
Community Features: Barbecue; Other
Interior Features: Vertical Blinds
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Heat Pump
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; >1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Contract Info
Current Price: $7,250,000
List Price: $7,250,000
Status: Active
List Date: 2026-03-18
Ownership: Fee Simple
Location Tax Legal
House Number: 4037
Compass: S
Street Name: 12th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Country: US
County Code: Maricopa
Subdivision: VILLAS AT 12TH STREET CONDOMINIUMS
Assessor Number: 113-25-049
Tax Year: 2025
General Property Description
Lot Size Dimensions: 337X164
Year Built: 2025
Uncvrd Parking Spcs: 5
Total # of Units: 24
# of Buildings: 12
Zoning: R3
Remarks Misc
Cross Street: 7th Street & Broadway
Directions: Head East on Broadway from 7th Street, Go North on 12th Street to property.
Geo Lat: 33.409225
Geo Lon: -112.055295
Legal Info
Township: 1N
Range: 3E
Section: 21
Lot Number: 101
Income Expenses
Gross Annual Sch Inc: 834252
Net Operating Income: 776892
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 8
Avg Rent: 1750
Avg SqFt: 1120
# Baths: 2
4 Bedrooms Units
# 4 Bedroom Units: 16
Avg Rent: 3600
Avg SqFt: 1120
# Baths: 2