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811 E Carol Ave 4 Unit Apartment Building $755,000 ($188,750/Unit) 6.10% Cap Rate Phoenix, AZ 85020

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Investment Highlights

  • Centrally located
  • open and easy to live in
  • Lots of new, doors, windows, etc

Executive Summary

Off market 4 plex
1-2 bedroom 3-1 bedroom
All units have washer and dryers
All tenants are current
Expenses 2025 Water, Sewer and Garbage $355 a month
Landscaper $1200, Insurance $2199, taxes $1300 all annual numbers
PNL with offer 100K improvements since 2019.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $755,000
Price Per Unit $188,750
Sale Type Investment
Cap Rate 6.10%
Sale Condition 1031 Exchange
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 0.20 AC
Building Size 2,900 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1981/2023
Parking Ratio 3.45/1,000 SF
Zoning R-4 - Quiet and easily location for all services, Store, gas,etc.

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Satellite TV
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Wi-Fi
  • Yard
  • Dining Room
  • Double Pane Windows
  • Freezer
  • Lawn
  • Linen Closet
  • Porch
  • Large Bedrooms

Site Amenities

  • Courtyard
  • Picnic Area

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 $1,000 750
2+1 1 $1,250 625
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
159-37-086A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,096
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 39442192

  • Date on Market: 2/14/2026

  • Last Updated:

  • Address: 811 E Carol Ave, Phoenix, AZ 85020

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