822 E Carol Avenue is a four-apartment property offered at $749,000, with three one-bedroom residences and one two-bedroom residence. The corrected offering memorandum reports full physical occupancy, a new roof with transferable warranty and private outdoor areas. Its rent schedule shows $3,565 in monthly base rent plus $225 in utility reimbursements. Normalized underwriting produces $33,573 NOI and a 4.48% cap rate; the separate market-rent case produces $45,727 NOI and a 6.11% cap rate. The underwriting includes a 3% economic vacancy allowance, which is separate from physical occupancy. Buyers should verify the current rent roll, expense assumptions, property measurements and all material facts. Located minutes from SR-51, the property offers convenient access to the Biltmore Financial District, Midtown, Downtown Phoenix, major healthcare employers and the broader Central Phoenix employment base. Key Property Highlights 100% physically occupied fourplex Three one-bedroom units and one two-bedroom unit New asphalt-shingle roof with transferable warranty Durable slump-block construction Ceramic tile flooring throughout Private fenced patios and rear yards Low-maintenance desert landscaping Current rents below normalized market assumptions RUBS and utility reimbursements in place Quiet cul-de-sac location Convenient access to SR-51 No seller financing Why This Fourplex Performs Well as an Investment 822 E Carol Avenue combines immediate income with measurable rental upside. All four units are currently occupied, allowing a purchaser to acquire an operating property without initial lease-up exposure. Existing rents may be moved thoughtfully toward market levels at natural lease renewals while protecting tenant retention and occupancy. The new roof, durable slump-block construction, ceramic tile interiors, private outdoor areas and low-maintenance landscaping help reduce near-term capital requirements and support long-term ownership. East Sunnyslope – Central Phoenix 822 E Carol Avenue is located in East Sunnyslope near SR-51, providing convenient access to the Biltmore Financial District, Midtown, Downtown Phoenix, Scottsdale employment corridors and Phoenix Sky Harbor International Airport. Major healthcare employers in the surrounding area include HonorHealth John C. Lincoln Medical Center, Phoenix Children’s Hospital and other Central Phoenix medical campuses. Residents also benefit from nearby shopping, dining, neighborhood services and public transportation. North Mountain Park, Dreamy Draw Recreation Area, Sunnyslope Park and the Arizona Canal multi-use path provide nearby outdoor and recreational amenities. This combination of employment access, transportation connectivity and neighborhood amenities supports continued rental demand.