**4012 N 15th Avenue | Phoenix, AZ** Excellent opportunity to acquire a **5-unit multifamily investment property in Central Phoenix**. The property features a highly desirable and consistent unit mix of **five 2-bedroom / 1-bathroom units**, offering investors immediate income with additional upside through rental growth. The property is currently generating approximately **$6,550 per month in scheduled rental income**, with projected market rents of approximately **$7,500 per month**. Based on the current asking price of **$1,185,000**, the property offers an estimated **5.20% current cap rate** with the potential to reach approximately a **6.10% stabilized cap rate**. The property has been well maintained and features updated interiors, including modern kitchens, stainless steel appliances, updated cabinetry, flooring, and finishes. The low-maintenance exterior and functional unit layouts make this an attractive opportunity for investors seeking a manageable multifamily asset. Located in the **Central Phoenix infill market**, the property provides convenient access to Downtown Phoenix, major employment centers, healthcare, schools, retail, dining, and major transportation corridors. **Investment Highlights** * 5 Multifamily Units * Five 2-Bedroom / 1-Bathroom Units * Asking Price: **$1,185,000** * Current Scheduled Rent: **$6,550/Month** * Projected Market Rent: **$7,500/Month** * Current NOI: Approximately **$61,615** * Current Cap Rate: Approximately **5.20%** * Stabilized NOI: Approximately **$72,331** * Stabilized Cap Rate: Approximately **6.10%** * Approximately **$950/Month in Rental Upside** * Central Phoenix Infill Location * Updated Units * Strong Value-Add / Mark-to-Market Opportunity An attractive opportunity for an investor seeking a **turnkey Central Phoenix multifamily asset with existing cash flow and additional rental upside**.