$975,000
Phoenix, AZ 85020
MLS# 6952059

1 / 25
Property Description
This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses. Key Property Highlights Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense. Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membrane—dramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, includi
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $975,000
List Price: $975,000
Status: Active
List Date: 2025-11-27
Location, Tax & Legal
Assessor's Map #: 37
Legal Description (Abbrev): E 50' OF S2 NW4 SE4 NW4 SW4 EX S 25' RD .16 AC
Assessor's Parcel #: 78
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104701
Taxes: 927
Legal: E 50' OF S2 NW4 SE4 NW4 SW4 EX S 25' RD .16 AC
Marketing Name: 4 Plex
House Number: 822
Compass: E
Street Name: CAROL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2138
County Code: Maricopa
Assessor Number: 159-37-078
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: irr
Flood Zone: TBD
Total # of Units: 4
High School District: Glendale Union High School District
Year Built: 1977
Zoning: Multi
Legal Info
Range: 3E
Section: 28
Township: 3N
Project Type
Four Plex: 1
Construction
Block: 1
Slump Block: 1
Const - Finish
Painted: 1
Other (See Remarks): 1
Roofing
Composition: 1
See Remarks: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1783
Annual Land Lse Exp: 0
Annual Landscape Exp: 400
Annual Legal & Acctg: 0
Annual Maint Exp: 1200
Annual Mgmt Exp: 4283
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2300
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 400
Operating Exp: 11293
Other Income: 2400
Vacancy Allowance: 0.03
Adjusted Gross Inc: 53544
Pmt & Rate Info
Cap Rate: 4.34
Down Payment: 0
Equity: 975000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Combo: 1
Other: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
On Street: 1
1 Space/Unit: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Existing 1st Loan
Conventional: 1
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
APOD/Backup Avaible: 1
Sch of Personal Prop: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1200
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1400
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 7th Street/Hatcher
Directions: Head east on Mountain View Rd from the intersection with Cave Creek Rd.
Continue straight on Mountain View Rd past the residential area.
Turn right (south) onto N 16th St (or the nearest major cross street that connects toward E Carol Ave).
Follow N 16th St south toward E Carol Ave.
Turn left onto E Carol Ave.
Arrive at 822 E Carol Ave (on your right).
Geo Lat: 33.572538
Geo Lon: -112.062093
Income Expenses
Gross Annual Sch Inc: 52800
Net Operating Income: 42286
Property Features
Project Type: Four Plex
Construction: Block; Slump Block
Const - Finish: Painted; Other (See Remarks)
Roofing: Composition; See Remarks
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: On Street; 1 Space/Unit; Free; Paved
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Combo; Other
Existing 1st Loan: Conventional; Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Supplements
This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses.
Key Property Highlights
Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense.
Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membranedramatically reducing ongoing grounds maintenance.
Private Outdoor Space for Each Tenant, including individual fenced patios and rear yards, increasing tenant satisfaction, retention, and rental demand.
Desirable Slump Block Construction, known for its durability, thermal performance, and long-term stabilityideal for long-term investors.
One Unit Currently Vacant, already refreshed with new interior paint, 2-inch wood-look faux blinds, and additional cosmetic upgradesperfect for achieving market rent quickly.
All Units Feature Ceramic Tile Flooring, ideal for durability, ease of maintenance, and lower turnover costs.
Significant Rental Upside, as existing rents are below current market levels for the area.
Excellent Transportation Access, located minutes from State Route 51, connecting residents to major employers, hospitals, parks, and Central Phoenix amenities.
Why This Fourplex Performs Well as an Investment
This asset checks all the boxes for a low-maintenance, high-demand rental investment:
Turnkey exterior improvements already completed
Individual outdoor spaces that support stronger rent premiums
A refreshed vacant unit ready for lease or owner-occupancy
Proven long-term construction type
Strong local renter demand driven by proximity to transit corridors and employment
East Sunnyslope - Phoenix, Arizona
Area Overview for Investors & Buyers**
East Sunnyslope is one of Phoenix's most established and naturally scenic neighborhoods, positioned at the base of the North Mountain Preserve and offering a unique blend of urban convenience and outdoor lifestyle. Located just minutes from State Route 51, the area provides residents with fast access to Downtown Phoenix, Midtown, the Camelback Corridor, and the broader Valley employment base.
Proximity to SR-51 (Highway 51)
East Sunnyslope benefits from immediate access to SR-51, one of Phoenix's primary north-south freeways. This corridor significantly reduces commute times to:
Downtown Phoenix (approx. 10 minutes)
Biltmore Financial District
Phoenix Children's Hospital & Medical Cluster
Sky Harbor International Airport
Scottsdale employment corridors
This connectivity is a major reason residents and investors choose the area.
Major Employers Near East Sunnyslope
While Sunnyslope retains a neighborhood character, it is surrounded by several significant employment hubs that attract renters and long-term residents:
Healthcare
HonorHealth John C. Lincoln Medical Center
A major medical employer and long-standing anchor of the Sunnyslope community.
Phoenix Children's Hospital (PCH) - approx. 10 minutes
Abrazo Health / Arizona Heart Hospital - via SR-51 access
Mayo Clinic Hospital - approx. 15-20 minutes north via SR-51
Healthcare continues to be one of Phoenix's strongest and fastest-growing employment sectors.
Government & Education
City of Phoenix administrative and service departments
Arizona Department of Economic Security
Nearby public, charter, and private schools creating local employment stability
Corporate & Office Employment
Easy SR-51 access puts residents within minutes of:
Camelback Corridor financial district
Central Avenue business core
Midtown office towers and professional services firms
Parks, Recreation & Lifestyle
East Sunnyslope is known for its natural surroundings and immediate access to outdoor amenities. Popular recreational assets include:
North Mountain Park
A major regional destination offering hiking, biking, scenic overlooks, and desert trails. The park provides direct mountain access while still being inside city limits.
Sunnyslope Park
A community-focused park with open green space, sports courts, and family amenities serving local residents.
Arizona Canal Multi-Use Path
A long, continuous pedestrian and bike path connecting Sunnyslope to Central Phoenix, Biltmore, and East Valley trail systems.
Dreamy Draw Recreation Area (via SR-51)
A short drive away, it offers additional hiking, shaded canyon spaces, and access to the Phoenix Mountain Preserve.
Why East Sunnyslope Appeals to Renters & Investors
Urban convenience with mountain views
Fast access to major highways
Close to hospitals, employment centers, and office corridors
Affordable compared to nearby North Central and Biltmore neighborhoods
Strong demand from healthcare workers, young professionals, and long-term tenants
Mixed housing stock with value-add opportunities
Listing Office: Gerchick Real Estate
Last Updated: December - 14 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
