3422 N 12th Place, Phoenix, AZ 85014
- $964,999
- 8
- BD
- List Price
- $964,999
- Price Change
- ▼ $10,000 1787865521
- Days on Market
- 134
- Status
- ACTIVE
- MLS#
- 7020709
- City
- Phoenix
- Bedrooms
- 8
- Subdivision
- Stephenson Subdivision
- Year Built
- 1983
Property Description
Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.
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Additional Information
- Elementary School
- Longview Elementary School
- High School
- North High School
- Middle School
- Osborn Middle School
- Community Features
- No Pool, Other
- Construction
- Wood Frame, Stucco
- Cooling
- Central Air, Electric, Varies by Unit
- Electric
- APS, Individual Meter, Underground
- Flooring
- Ceramic Tile
- Heating
- Electric, Varies by Unit, Central
- New Financing
- VA Loan, FHA, Conventional, Cash
- Parking Features
- Paved, Carport
- Roofing
- Built-Up
- Sewer
- Sewer-In & Connected
- Subdivision
- Stephenson Subdivision
- Taxes
- $3,188
- Tax Year
- 2025
- Tenant Pays
- Electricity, Cable TV
- Units
- 4
- Water
- Master Meter, City Franchise
- Zoning
- R-4
Courtesy of Howe Realty. 602-909-6513
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