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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
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

Property Taxes

Parcel Number
159-45-086
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,499
  • Listing ID: 39916981

  • Date on Market: 3/26/2026

  • Last Updated:

  • Address: 315 E Carol Ave, Phoenix, AZ 85020

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