4307 N 13th Place, Phoenix, AZ 85014

$2,200,000
Property Type: Multiple Dwellings Status: Active
Current Price: $2,200,000 Last Modified: 7/07/2025

Description

Exceptional opportunity to acquire a brand-new 4-unit multifamily building with a projected 6%+ cap in a prime Central Phoenix location—just minutes from downtown, major freeways, shopping, dining, and entertainment. Each spacious residence offers 4 bedrooms, 3.5 baths, and a loft-style den. Homes include direct-access 2-car garages, private fenced backyards, and modern stone-accented exteriors. Interiors feature 9-foot ceilings, two ensuite bedrooms in each unit, and modern finishes such as quartz countertops, 42'' white cabinets, stainless steel appliances, and full window coverings. One unit is already leased, providing immediate income. Builder may guarantee rents for up to 3 months. Full builder's warranties are included. With high bedroom count, this property is well-suited for

Supplements: traditional rentals or specialty housing such as behavioral health or sober living operations.

More Information MLS# 6889404

Contract Info

Current Price: $2,200,000 List Price: $2,200,000 Status: Active List Date: 2025-07-07 Ownership: Fee Simple

Location Tax Legal

House Number: 4307 Compass: N Street Name: 13th St Suffix: Place City/Town Code: Phoenix State/Province: AZ Zip Code: 85014 County Code: Maricopa Assessor Number: 155-08-199-A Tax Year: 2025

General Property Description

Lot Size Dimensions: 16,200 Year Built: 2025 Uncvrd Parking Spcs: 4 Total # of Units: 4 # of Buildings: 2 Zoning: R-3 Flood Zone: TBD Elementary School District: Madison Elementary District High School District: Phoenix Union High School District Elementary School: Madison Camelview Elementary Jr. High School: Madison #1 Elementary School High School: North High School

Remarks Misc

Cross Street: 16 T Street/ Campbell Geo Lat: 33.498548 Geo Lon: -112.052503

Legal Info

Lot Number: N/A

Income Expenses

Gross Annual Sch Inc: 140640 Net Operating Income: 124808

Showing Notification Methods

Showing Service: No Showing Service Used

4 Bedrooms Units

# 4 Bedroom Units: 4 Avg Rent: 2930 Avg SqFt: 1776 # Baths: 4

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Stucco Roofing: Foam Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Wtr System; Desert Landscaping; Patio/Balcony Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Breakfast Bar Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual Cooling: Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Garage Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Trash Collection Source of Fincl Data: Projected Proforma Lockbox Type: None New Financing: Cash; VA; Conventional; 1031 Exchange Environmental: None
Listing Office: RE/MAX Excalibur
Last Updated: July - 07 - 2025
4307 N 13th Place, Phoenix, AZ 85014- MLS# 6889404
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