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315 E Carol Ave
Phoenix, AZ 85020
Multifamily Property For Sale
·
3 Units


Investment Highlights
- Located off E Carol Ave
Executive Summary
100% occupied, turnkey rental. Rents are $4,400 per month with RUBS for utilities included for a yearly gross of $52,800. Appraisal completed at $540,000. Professionally managed with 1 year leases and security deposits in place. Newly renovated with a new roofing system, 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.
Property Facts
| Price Per Unit | $179,967 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 8.12% | Building Size | 1,781 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1940/2025 |
| Apartment Style | Garden | Parking Ratio | 2.81/1,000 SF |
| Zoning | R-3 - Multi Family | ||
| Price Per Unit | $179,967 |
| Sale Type | Investment |
| Cap Rate | 8.12% |
| 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 | $1,000 | 450 |
| 2+1 | 2 | $1,295 | 650 |
Property Taxes
| Parcel Number | 159-45-086 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,499 |
Property Taxes
Parcel Number
159-45-086
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,499
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