$4,500,000
UNDER CONTRACT $500K PRICE DROP

4050 N 12th St Phoenix, AZ 85014

Estimated payment $26,667/month

Total Views 3,095
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 21 Car Attached Garage
  • Cooling Available
  • Carpet
  • Phoenix Coding Academy Rated A
  • Ceiling Fan
  • Individual Controls for Heating

About This Home

EXTRAORDINARY INVESTMENT OPPORTUNITY - Entire townhome building for sale in Encanto Village, Midtown Phoenix's most vibrant neighborhood. 5 of the 7 units have tenants currently in place, so the savvy investor can start generating revenues immediately. No more than 10 minutes from major business services, restaurants, nightlife, professional sports venues, I-10, 51, 202, 5 major hospitals and 20 minutes from Phoenix Sky Harbor Airport. Completed in 2022, each 1779sf, 3 bedroom | 2 ½ bath ultra-modern townhome is on 2 floors and features private courtyards, hi-end finishes, 2 separate flex areas for work or play and state-of-the-art technologies. The Phoenix business and job market are booming, so the demand for high quality housing will continue to be strong.

Listing Agent

Rebekah Mayes

Russ Lyon Sotheby's International Realty License #SA700153000

Russ Lyon Sotheby's International Realty

Co-Listing Agent

Miki Nakajima

Russ Lyon Sotheby's International Realty License #SA660792000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,606

Year Built

  • Built in 2022

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 21 Car Attached Garage
  • 7 Open Parking Spaces

Schools

  • Longview Elementary School
  • Osborn Middle School
  • North High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 118-03-067

Community Details

Overview

  • 7 Units
  • Building Dimensions are 73.53' x 151.6'
  • Moli Gardens Ii Subdivision

Building Details

  • Operating Expense $25,359
  • Gross Income $291,882
  • Net Operating Income $266,523

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,606

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Cross Street: SWC E Indian School Rd & N 12th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2022
  • Tax Year: 2024
  • Directions: The townhomes are located at the southwest corner of Indian School and 12th Street.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: MOLI GARDENS II
  • Garage Yn: Yes
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Soil Test
  • Construction Type: Wood Frame, Stucco
  • Roof: Built-Up

Garage/Parking

  • Total Covered Spaces: 14.0
  • Parking Features: Paved, Add'l Parking Avail, Attached, >1 Space Per Unit
  • Attached Garage: Yes
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 21.0
  • General Property Description:Covered Parking Spcs: 14.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 21.0
  • Parking Features:Attached: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes

Fee Information

  • Trash Expense: 300.0

Schools

  • Elementary School: Longview Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 73.53' x 151.6'
  • Additional Parcels: Yes
  • Parcel #: 118-03-067

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Landscaping
  • Number Of Units Total: 7
  • Electric Expense: 778.0
  • Annual Gross Income: 291882.0
  • Insurance Expense: 3800.0
  • Property Net Operating Income: 266523.0
  • Annual Operating Expense: 25359.0

Tax Info

  • Tax Annual Amount: 18606.0
  • Tax Book Number: 118.00
  • Tax Lot: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Price Changed $4,500,000 -10.0% --
02/04/2025 02/04/25 For Sale $5,000,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6815653

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85014

4050 N 12th St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 4050 N 12th St, Phoenix, AZ 85014 and is currently priced at $4,500,000. This property was built in 2022. 4050 N 12th St is a home located in Maricopa County with nearby schools including Longview Elementary School, Osborn Middle School, and Phoenix Coding Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Rebekah Mayes
Listing Agent
Rebekah Mayes
Section Image
Russ Lyon Sotheby's International Realty
(623) 278-8952