$8,000,000
Phoenix, AZ 85040
MLS# 7001746
1 / 70
Property Description
Rare opportunity to own a brand new property! The finishes are higher quality and made to last as a rental property. Kitchens feature stainless steel appliances and quartz counter tops. Units can be 3 bedroom & 2 baths, and some are 4 bedroom & 2 baths and occupied as CoLiving units with Padsplit. This property has multiple uses as long-term rentals, Coliving, or even condominiums. Each unit is individual parceled to allow for the possibility of multiple owners.
Details
Maps
Contract Info
Current Price: $8,000,000
List Price: $8,000,000
Status: Active
List Date: 2026-03-18
Ownership: Fee Simple
Location Tax Legal
House Number: 4037
Compass: S
Street Name: 12th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
County Code: Maricopa
Subdivision: VILLAS AT 12TH STREET CONDOMINIUMS
Assessor Number: 113-25-049
Tax Year: 2025
General Property Description
Lot Size Dimensions: 337X164
Year Built: 2025
Uncvrd Parking Spcs: 5
Total # of Units: 24
# of Buildings: 12
Zoning: R3
Remarks Misc
Cross Street: 7th Street & Broadway
Directions: Head East on Broadway from 7th Street, Go North on 12th Street to property.
Geo Lat: 33.409225
Geo Lon: -112.055295
Legal Info
Township: 1N
Range: 3E
Section: 21
Lot Number: 101
Income Expenses
Gross Annual Sch Inc: 834252
Net Operating Income: 776892
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 8
Avg Rent: 1750
Avg SqFt: 1120
# Baths: 2
4 Bedrooms Units
# 4 Bedroom Units: 16
Avg Rent: 3600
Avg SqFt: 1120
# Baths: 2
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Foam
Floors: Laminate
Sale Includes: Land & Building
Community Features: Barbecue; Other
Interior Features: Vertical Blinds
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Heat Pump
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; >1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: FSR Realty
Last Updated: March - 20 - 2026
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