$1,975,000
Phoenix, AZ 85014
MLS# 6889404
1 / 33
Property Description
Fully Leased, Stabilized 4-Plex - Brand New Construction in Central Phoenix! Exceptional opportunity to acquire a newly built, fully leased, income-producing 4-unit investment property in the heart of Central Phoenix. All four residences are identical, highly desirable floorplans featuring 4 bedrooms, 3.5 baths, a loft-style den, direct-access 2-car garage, and private fenced backyard—a rare combination in the rental market and ideal for long-term stability. Modern architecture pairs with designer-selected interiors including 9' ceilings, quartz countertops, 42'' white cabinetry, stainless steel appliances, upgraded fixtures, and full window coverings. Positioned minutes from downtown Phoenix, major freeways, shopping, dining, and entertainment, this turnkey asset delivers impressive per
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,975,000
List Price: $1,975,000
Status: Active
List Date: 2025-07-07
Location, Tax & Legal
Assessor's Map #: 8
Assessor's Parcel #: 69
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Taxes: 1106
Legal: 179638 QUATTRO ON 13TH
Marketing Name: QUATTRO ON 13TH
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: 155-08-069-A
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 16,200
Flood Zone: TBD
Total # of Units: 4
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
Year Built: 2025
Zoning: R-3
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Construction Status
New Construction: 1
Roofing
Foam: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 650
Annual Ins Exp: 3000
Annual Landscape Exp: 0
Annual Maint Exp: 2085
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 350
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 4400
Operating Exp: 11591
Other Income: 2400
Vacancy Allowance: 0.05
Adjusted Gross Inc: 135762.6
Total Monthly Rental Income: 33750
Pmt & Rate Info
Cap Rate: 6.88
Equity: 1975000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Central Air: 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Breakfast Bar: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
Development Plan Avl: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 4
Avg Rent: 2930
Avg SqFt: 1776
# Baths: 4
Remarks Misc
Cross Street: 16th Street/ Campbell
Geo Lat: 33.498478
Geo Lon: -112.052457
Legal Info
Lot Number: N/A
Income Expenses
Gross Annual Sch Inc: 140508
Net Operating Income: 135882
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Construction Status: New Construction
Roofing: Foam
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Patio/Balcony
Interior Features: 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
Road Surface Type: Asphalt; Concrete
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
Supplements
With its high bedroom count & modern design, this property is ideal for traditional rentals, corporate housing, or specialty use such as behavioral health or sober living.
Listing Office: RE/MAX Excalibur
Last Updated: December - 31 - 2025
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