$7,950,000
4037 S 12th Street
Phoenix, AZ 85040
MLS# 7001746

IMG_4893
  1 / 70  
IMG_4893 IMG_4931 IMG_4908 IMG_4930 floorplan Copy of DSC07179 Copy of DSC07167 Copy of DSC07218 29-Upstairs Unit - Kitchen to Living Roo 08-BNL06124 28-Upstairs Unit - Entrance to Living Ro 07-BNL06121 11-BNL06112 DSC07281 20-Bathroom 24-Bedroom 25-Bedroom 09-BNL06118 14-Hallway 16-Master Bathroom 10-BNL06115 13-Washer Dryer Closet 12-BNL06127 17-Master Bathroom 26-Hallway Copy of DSC07218 (1) Copy of DSC07182 Copy of DSC07212 IMG_4914 IMG_4894 IMG_4923 IMG_4906 IMG_4915 IMG_4907 IMG_4922 IMG_4921 IMG_4918 IMG_4916 IMG_4933 IMG_4925 IMG_4896 IMG_4901 IMG_4909 IMG_4900 IMG_4917 IMG_4924 IMG_4932 IMG_4895 IMG_4934 IMG_4902 IMG_4926 IMG_4919 IMG_4910 IMG_4897 IMG_4935 IMG_4899 IMG_4903 IMG_4898 IMG_4927 IMG_4911 IMG_4928 IMG_4904 IMG_4929 IMG_4936 IMG_4912 IMG_4920 IMG_4892 IMG_4905 IMG_4913 IMG_4937

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
Documents
Contract Info
Ownership: Fee Simple
Current Price: $7,950,000
List Price: $7,950,000
Status: Active
List Date: 2026-03-18
Location, Tax & Legal
Assessor's Map #: 25
Legal Description (Abbrev): LOT 101 VILLAS AT 12TH STREET CONDOMINIUMS MCR 177936
Assessor's Parcel #: 49
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 115300
Taxes: 178
Legal: LOT 101 VILLAS AT 12TH STREET CONDOMINIUMS MCR 177936
Marketing Name: Villas at 12th Street
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
# of Buildings: 12
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 337X164
Total # of Units: 24
Year Built: 2025
Zoning: R3
Legal Info
Range: 3E
Section: 21
Township: 1N
Lot Number: 101
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Foam: 1
Floors
Laminate: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 178
Other Income: 0
Vacancy Allowance: 5
Adjusted Gross Inc: 3337008
Pmt & Rate Info
Cap Rate: 9.71
Equity: 8000000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
Barbecue: 1
Other: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Interior Features
Vertical Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
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
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
Income Expenses
Gross Annual Sch Inc: 834252
Net Operating Income: 776892
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
IDX
Listing Office: FSR Realty

Last Updated: April - 09 - 2026

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Search powered by FBS Products