4037 S 12th Street, Phoenix, AZ 85040
$8,000,000
Property Type: Multiple Dwellings Status: Active
Current Price: $8,000,000 Last Modified: 3/20/2026
Overview
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.
Listing Details MLS# 7001746
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
- 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
Contract Info
- Ownership
- Fee Simple
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.
Legal Info
- Township
- 1N
- Range
- 3E
- Section
- 21
- Lot Number
- 101
Income Expenses
- Gross Annual Sch Inc
- 834252
- Net Operating Income
- 776892
More Information
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
Project Type
- 13 - 24 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Foam
- Yes
Floors
- Laminate
- Yes
Sale Includes
- Land & Building
- Yes
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
Lockbox Type
- Supra
- Yes
Community Features
- Barbecue
- Yes
- Other
- Yes
Heating
- Heat Pump
- Yes
Cooling
- Heat Pump
- Yes
Interior Features
- Vertical Blinds
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Free-Standing Electric Oven
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Washer/Dryer
- Yes
Road Access Type
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Road Responsibility
- City Maintained Road
- Yes
Water Source
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- >1 Space Per Unit
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- No Carry
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
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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