4130 N 12th St
Phoenix, AZ 85014
The Studio on 12th · Multifamily Property For Sale
·
41 Units
Property Facts
| No. Units | 41 | Lot Size | 0.64 AC |
| Property Type | Multifamily | Building Size | 26,872 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.86/1,000 SF |
| Zoning | C-2/R-5, Phoenix | ||
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 26,872 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | C-2/R-5, Phoenix |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- Laundry Facilities
- Pool
- Property Manager on Site
- Grill
- Laundry Service
- Package Service
- Maintenance on site
- Sundeck
About 4130 N 12TH ST , PHOENIX, AZ 85014
The Studio on 12th possesses both operational and capital improvement upside opportunities. Current leasing has occurred at a rent level of $640 per month with no utility bill back (RUBS). We believe that rent levels can be increased in addition to RUBS being implemented to $65 per unit per month. There are multiple exterior capital expenditure possibilities which could include covered parking, enhancement of the common area space, pool area and the creation of a dog run. Interior upgrades could include new stainless steel appliances, cabinetry, flooring, kitchen counters with tile backsplash, bathroom vanities and shower surrounds as well as upgraded plumbing and light fixtures. We believe that rent levels could conservatively go to $795 per month after the above referenced improvements.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 41 | - | 360 |
Property Taxes
| Parcel Number | 155-16-049 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $53,474 |
Property Taxes
