For Sale
$1,200,000

3638 12Th StPhoenix, AZ 85040

14-Unit Apartment Building, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 14-unit apartment building located at 3638 S 12th St, Phoenix, AZ 85040, in Maricopa County. The property boasts a substantial 35,882 square feet of net rentable space, spread across two stories. Currently configured as an apartment building, full project plans are available for redevelopment into a 14-unit townhouse complex, capitalizing on its R4 zoning designation. The asking price is $1,200,000, translating to an attractive price per square foot of $33.44. Each unit benefits from a unique design incorporating a street-level garage, providing convenient parking and maximizing the two-story living space above. This property is situated within an Opportunity Zone, presenting significant tax advantages for qualified investors. The building's prime location in Phoenix offers excellent access to local amenities and transportation networks, making it an ideal investment for both short-term and long-term growth. Detailed financial information and project plans are available upon request. This is a rare chance to acquire a well-positioned multifamily property with significant redevelopment potential in a thriving Arizona market. Don't miss this opportunity to secure a strong return on investment.

Highlights

  • 14-unit apartment building at 3638 S 12th St, Phoenix, AZ 85040.
  • 35,882 square feet of net rentable space on two stories.
  • R4 zoning allows redevelopment into a 14-unit townhouse complex (plans available).
  • $1,200,000 asking price; $33.44 per square foot.
  • Each unit features a street-level garage.
  • Located in an Opportunity Zone.

Property Details for 3638 12Th St

Property type
Retail properties, Apartment buildings
Square Feet
35,882 SF
Stories
2
Units
14

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.4117764
Longitude
-112.0562767
3638 12Th St, Phoenix, Arizona

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3638 12Th St
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