Log In/Sign Up
Your email has been sent.
315 E Carol Ave 3 Unit Apartment Building $595,000 ($198,333/Unit) 6.99% Cap Rate Phoenix, AZ 85020
EXECUTIVE SUMMARY
Newly renovated with a new roofing system, foundation repairs, exterior and interior paint, new water heaters and plumbing fixtures, new white shaker cabinets, baseboards and trim, stainless steel GE appliances, R-38 insulation, 20 mm vinyl flooring, vinyl windows, and updated heating and cooling. There are 2 buildings with a 1 bedroom 1 bath unit and two 2 bedroom 1 bath units in the rear. Utility RUBS are charged to all units. Rents are $3,585 per month with an additional $795 per month in RUBS.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$41,581
|
$23.35
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $41,581 |
| Annual Per SF | $23.35 |
PROPERTY FACTS
| Price | $595,000 | Building Class | C |
| Price Per Unit | $198,333 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 1,781 SF |
| Cap Rate | 6.99% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.81/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-3 - Multi Family | ||
| Price | $595,000 |
| Price Per Unit | $198,333 |
| Sale Type | Investment |
| Cap Rate | 6.99% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 1,781 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1940/2025 |
| Parking Ratio | 2.81/1,000 SF |
| Zoning | R-3 - Multi Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Gas Range
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $995.00 | 480 |
| 2+1 | 2 | $1,295 | 640 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (74)
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
315 E Carol Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.