$925,000
Phoenix, AZ 85014
MLS# 6987958
Status: UCB (Under Contract-Backups)
1 / 19
Property Description
Turn-key stabilized Central Phoenix 4-plex in a proven rental corridor. Comprised of a freestanding 2-bed/1-bath home plus three 1-bed/1-bath units, offering diversified unit mix and strong in-place tenancy. All units offer modern kitchens and baths, tile flooring, recessed lighting and north/south exposure. Recent capital improvements include full termite treatment with transferable warranty, major HVAC updates, new water heater 2024, exterior paint 2021 and seal/coat driveway 2023. Owner pays gas (2 water heaters) and water/sewer; tenants pay electric, cable, etc. No HOA. Consistent occupancy history and proximity to the Camelback and Biltmore corridors. Dedicated parking at back of community. Durable infill location with long-term appreciation and rental growth potential.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $925,000
List Price: $925,000
Status: UCB (Under Contract-Backups)
List Date: 2026-02-21
Location, Tax & Legal
Assessor's Map #: 8
Legal Description (Abbrev): MEADOWBROOK TR W 120' LOT 16 BLK 2
Assessor's Parcel #: 19
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108602
Taxes: 1638
Legal: MEADOWBROOK TR W 120' LOT 16 BLK 2
Marketing Name: Nest on Campbell
House Number: 1225
Compass: E
Street Name: CAMPBELL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4204
Country: US
County Code: Maricopa
Subdivision: MEADOWBROOK TRACT BLK 1
Assessor Number: 155-08-019-B
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 7
Lot Size Dimensions: 120'x100'
Total # of Units: 4
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Park School
Jr. High School: Madison Park School
High School: North High School
Year Built: 1960
Zoning: R-3
Legal Info
Range: 3E
Section: 21
Township: 2N
Lot Number: 16
Project Type
Four Plex: 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Brick: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Gas Exp: 545
Annual Ins Exp: 2796
Annual Landscape Exp: 2400
Annual Maint Exp: 7400
Annual Wtr/Swr Exp: 2733
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 1092
Operating Exp: 18604
Other Income: 0
Vacancy Allowance: 0.25
Adjusted Gross Inc: 41741.25
Total Monthly Rental Income: 4900
Pmt & Rate Info
Cap Rate: 2.9
Down Payment: 0
Equity: 1000000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
Barbecue: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
Private Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1083
Avg SqFt: 540
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1650
Avg SqFt: 1030
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: N 16th Street & E Campbell Avenue
Directions: Head west on E Campbell Avenue (0.4 mi). Property will be 2nd place on south side of street just after N Longview Avenue.
Geo Lat: 33.501748
Geo Lon: -112.055109
Income Expenses
Gross Annual Sch Inc: 55655
Net Operating Income: 29000
Property Features
Project Type: Four Plex
Other Type: House + Rental Units
Construction: Block; Brick
Const - Finish: Painted; Brick Veneer
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: Barbecue
Exterior Amenities: Desert Landscaping; Partially Fenced
Interior Features: Unfurnished
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave
Heating: Natural Gas
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: >1 Space Per Unit; Paved
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: Private Maintained Road
Owner Pays: Water; Gas; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; No Carry
Environmental: None
Listing Office: Cambridge Properties
Last Updated: April - 24 - 2026
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