Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$7,250,000
Last Modified:
6/05/2026
Search
4037 S 12th Street, Phoenix, AZ 85040
$7,250,000
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.
More Information MLS# 7001746
Contract Info
Ownership: Fee Simple
Current Price: $7,250,000
List Price: $7,250,000
Status: Active
List Date: 2026-03-18
Location, Tax & Legal
Assessor's Map #: 25
Legal Description (Abbrev): LOT 101 VILLAS AT 12TH STREET CONDOMINIUMS MCR 177936
Assessor's Parcel #: 49
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 115300
Taxes: 178
Legal: LOT 101 VILLAS AT 12TH STREET CONDOMINIUMS MCR 177936
Marketing Name: Villas at 12th Street
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
# of Buildings: 12
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 337X164
Total # of Units: 24
Year Built: 2025
Zoning: R3
Legal Info
Range: 3E
Section: 21
Township: 1N
Lot Number: 101
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Foam: 1
Floors
Laminate: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 178
Other Income: 0
Vacancy Allowance: 5
Adjusted Gross Inc: 3337008
Pmt & Rate Info
Cap Rate: 10.72
Equity: 7250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
Barbecue: 1
Other: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Interior Features
Vertical Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
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
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
Income Expenses
Gross Annual Sch Inc: 834252
Net Operating Income: 776892
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
Documents
Offering Memorandum ›
Listing Office:
FSR Realty
Last Updated: June - 05 - 2026
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