3422 N 12TH Place, Phoenix, AZ 85014
$1,065,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,065,000
List Date:
10/01/2024
Last Modified:
2/06/2026
Description
Huge opportunity to own a 4-plex investment property in a prime location! This is an incredible opportunity for future wealth creation, with rapid growth and development in the area - right near the Biltmore! Each of the four units in this well-maintained building offers 2 bed/ 2 baths, providing affordable living space across 974 sf per unit. All units come with appliances, making it move-in ready for tenants—no need for any added expenses. Best of all, there are no HOA fees—a major bonus that keeps your operating costs lower. Currently 3 units are occupied for instant income potential. Great proximity to downtown Phoenix, shopping, dining, and public transport.
Supplements: Whether you're looking to expand your portfolio or dive into your first multi-family investment, this might be a fantastic opportunity. Don't miss out!
More Information MLS# 6761204
Contract Info
Ownership: Fee Simple
Current Price: $1,065,000
List Price: $1,065,000
Status: Active
List Date: 2024-09-23
Location, Tax & Legal
Assessor's Map #: 8
Legal Description (Abbrev): STEPHENSON SUB LOT 1 EX W 141.8F TH/OF & EX E 30F TH/OF
Assessor's Parcel #: 137
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110600
Taxes: 2976
Legal: STEPHENSON SUB LOT 1 EX W 141.8F TH/OF & EX E 30F TH/OF
Marketing Name: 12th Place 4-Plexes
House Number: 3422
Compass: N
Street Name: 12TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5158
County Code: Maricopa
Subdivision: STEPHENSON SUBDIVISION
Assessor Number: 118-08-137
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 60 x 126.8
Flood Zone: No
Total # of Units: 4
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: North High School
Year Built: 1983
Zoning: R-4
Legal Info
Range: 3E
Section: 28
Township: 2N
Lot Number: 1
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Built-Up: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 2976
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Total Monthly Rental Income: 0
Pmt & Rate Info
Down Payment: 0
Equity: 1125000
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Other: 1
Heating
Electric: 1
Individual: 1
Central: 1
Cooling
Central Air: 1
Electric: 1
Individual: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Free-Standing Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
Paved: 1
Electric
APS: 1
Underground: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1100
Avg SqFt: 974
# Baths: 8
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Osborn Road & 7th Street
Directions: Head east on E Osborn Rd toward N 9th Pl. Turn left onto N 12th Pl. Turn left. Turn left. Destination will be on the left.
Geo Lat: 33.488287
Geo Lon: -112.055575
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool; Other
Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup
Heating: Individual; Central
Cooling: Electric; Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Underground; Individual Meter
Gas: None
Parking Features: Carport; Paved
Road Access Type: Alley
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office:
Howe Realty
Last Updated: February - 06 - 2026
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