3422 N 12th PlacePhoenix, AZ 85014

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. fully remoldeled unit for rent at $1,500.00

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1983

Lot dimensions

60 x 126.8

Parking spaces

4

Zoning

R-4

Days on market

165

Listing #

7020709

Property Features

Appliances

Built-In Range · Free-Standing Range · Refrigerator · Dishwasher · Microwave · Washer/Dryer

Cooling

Central Air · Electric · Varies by Unit

Heating

Electric · Varies by Unit · Central

Flooring

Ceramic Tile

Parking

Paved · Carport

Construction

Stucco

Roof

Built-Up

Community

Other

Utilities

Sewer Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Longview Elementary School

Middle

Osborn Middle School

High

North High School

Financial Details

Annual taxes

$3,188Tax year 2025

Parcel number

118-08-137

Directions

Head east on E Osborn Rd toward N 9th Pl. Turn left onto N 12th Pl. Turn left. Turn left. Destination will be on the left.