3422 N 12TH Place, Phoenix AZ 85014
$954,999
Brokerage: Ivy Realty(623) 299-4954
Home facts
- Price
- $954,999
- Status
- Active
- Beds
- 8
- Baths
- 0
- Year built
- 1983
- Type
- F
- Pool
- No
- Water
- Master Meter, City Franchise
- Sewer
- Sewer - Public, Sewer-In & Connected
- Subdivision
- STEPHENSON SUBDIVISION
- MLS #
- 7020709
Listed by Howe Realty · 602-909-6513
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
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
Features
Roof
Built-Up
Sewer
Sewer - Public, Sewer-In & Connected
Cooling
Central Air, Electric, Individual
Heating
Individual, Central, Electric
Electric
APS, Underground, Individual Meter
Flooring
Ceramic Tile
WaterSource
Master Meter, City Franchise
ParkingFeatures
Paved, Carport
CommunityFeatures
Other, No Pool
ConstructionMaterials
Wood Frame, Stucco
Map
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:32 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).