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4307 N 13th Pl 4 Unit Apartment Building $1,975,000 ($493,750/Unit) 6.35% Cap Rate Phoenix, AZ 85014
INVESTMENT HIGHLIGHTS
- New construction 2025; each unit is 4-Bedrooms, 3.5 Baths, to maximize rents
- Private backyards
- Direct access private 2-car garage for each unit
EXECUTIVE SUMMARY
Fully Leased, Stabilized 4-Plex – Brand New Construction in Central Phoenix!
Exceptional opportunity to acquire a newly built, fully leased, income-producing 4-unit investment property in the heart of Central Phoenix. All four residences are identical, highly desirable floorplans featuring 4 bedrooms, 3.5 baths, a loft-style den, direct-access 2-car garage, and private fenced backyard—a rare combination in the rental market and ideal for long-term stability. Modern architecture pairs with designer-selected interiors including 9' ceilings, quartz countertops, 42" white cabinetry, stainless steel appliances, upgraded fixtures, and full window coverings. Positioned minutes from downtown Phoenix, major freeways, shopping, dining, and entertainment, this turnkey asset delivers impressive performance with a 6.4% cap rate and builder warranties for added peace of mind. A perfect stabilized addition to any investment portfolio.
Exceptional opportunity to acquire a newly built, fully leased, income-producing 4-unit investment property in the heart of Central Phoenix. All four residences are identical, highly desirable floorplans featuring 4 bedrooms, 3.5 baths, a loft-style den, direct-access 2-car garage, and private fenced backyard—a rare combination in the rental market and ideal for long-term stability. Modern architecture pairs with designer-selected interiors including 9' ceilings, quartz countertops, 42" white cabinetry, stainless steel appliances, upgraded fixtures, and full window coverings. Positioned minutes from downtown Phoenix, major freeways, shopping, dining, and entertainment, this turnkey asset delivers impressive performance with a 6.4% cap rate and builder warranties for added peace of mind. A perfect stabilized addition to any investment portfolio.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$140,508
|
$19.78
|
| Other Income |
$2,400
|
$0.34
|
| Vacancy Loss |
$7,025
|
$0.99
|
| Effective Gross Income |
$135,883
|
$19.13
|
| Taxes |
$4,400
|
$0.62
|
| Operating Expenses |
$6,085
|
$0.86
|
| Total Expenses |
$10,485
|
$1.48
|
| Net Operating Income |
$125,398
|
$17.65
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $140,508 |
| Annual Per SF | $19.78 |
| Other Income | |
|---|---|
| Annual | $2,400 |
| Annual Per SF | $0.34 |
| Vacancy Loss | |
|---|---|
| Annual | $7,025 |
| Annual Per SF | $0.99 |
| Effective Gross Income | |
|---|---|
| Annual | $135,883 |
| Annual Per SF | $19.13 |
| Taxes | |
|---|---|
| Annual | $4,400 |
| Annual Per SF | $0.62 |
| Operating Expenses | |
|---|---|
| Annual | $6,085 |
| Annual Per SF | $0.86 |
| Total Expenses | |
|---|---|
| Annual | $10,485 |
| Annual Per SF | $1.48 |
| Net Operating Income | |
|---|---|
| Annual | $125,398 |
| Annual Per SF | $17.65 |
PROPERTY FACTS
| Price | $1,975,000 | Apartment Style | Townhome |
| Price Per Unit | $493,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 6.35% | Building Size | 7,104 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 75% |
| Gross Rent Multiplier | 15.28 | No. Stories | 2 |
| No. Units | 4 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 0.28/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-3 | ||
| Price | $1,975,000 |
| Price Per Unit | $493,750 |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 15.28 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 7,104 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 0.28/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dining Room
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3.5 | 4 | $2,950 | 1,776 |
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Very Bikeable (73)
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4307 N 13th Pl
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