315 E Carol Ave - Apartments FOR SALE


Phoenix, AZ 85020- North Mountain
$595,000 USD
602-418-0350
315 E Carol Ave, Phoenix, AZ for Sale
$595,000 USD
Apartments - FOR SALE
1/1
null | 7.51% Cap Rate

315 E Carol Ave
Phoenix, AZ 85020
North Mountain


OVERVIEW

Newly renovated with a new roofing system, foundation repairs, 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. This triplex in North Central Phoenix is located across the street from John Lincoln Hospital and the Station 7 Fire Station. The adjacent lot is approved for a Class A 20 unit development that is breaking ground in 2026. There are 2 buildings with a 1 bedroom 1 bath unit and two 2 bedroom 1 bath units in the rear. Unit 1 has its own electric meter, and the two units in the back share a meter. Utility RUBS are charged to all units. Rents are $4,100 per month with an additional $490 per month in utility RUBS. The property is professionally managed with security deposits and leases on file.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

3

PRICE/UNIT

$198,333

CAP RATE

7.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,502 SF

ZONING

R-3

APN/PARCEL ID

159-45-086

ASK ABOUT THIS PROPERTY

Keith GraysonGrayson Real EstateMore Info
602-418-0350

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Keith GraysonGrayson Real EstateMore Info
602-418-0350

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.