Turnkey Duplex Coliving
4037 S 12th St Phoenix, AZ 85040
For Sale
Contact for pricing
Two furnished 4BR/2BA units operate as a coliving duplex with in-unit washer/dryer and modern finishes.
Property Size2,040 SF
Price / SF$335.78
Days on Market113
Property Features for 4037 S 12th St
General Information
- Standard status
- Active
- Size
- 2,040 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing Agency:
De Luca Real Estate Group | FSR Realty
(602) 456-5050
Listed By:
Richard De Luca · License #BR662326000
Source:
Crexi
Added: Apr 2
Changed: Jul 21
Last Checked: Jul 22 at 7:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of De Luca Real Estate Group | FSR Realty
Investment Insights
Based on property information with market context.
This fully functioning PadSplit coliving property is building 12, a duplex with two units. The property is described as only a few months old and is currently established and operating, with a property manager already in place. Each unit provides four bedrooms and two bathrooms and is set up as a streamlined coliving arrangement. Units are furnished and rented, featuring stainless steel appliances, quartz countertops in the kitchen and baths, and a full-size washer and dryer inside each unit.
The duplex is located at 4037 S 12th St, Phoenix, AZ 85040.
The duplex is located at 4037 S 12th St, Phoenix, AZ 85040.
Key Highlights
- Year built 2025: multifamily duplex with 2 furnished units operating as coliving through PadSplit
- Each unit offers 4 bedrooms and 2 bathrooms
- In‑unit full‑size washer and dryer in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.4k | $19.80 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $38.2k | $18.71 |
| − OpEx | −$11.5k | −$5.61 |
| NOI | $26.7k | $13.10 |
2,040 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.7K
$334.0K – $445.3K
NOI $26,719 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$339.9K
$297.4K – $396.6K
NOI $23,794 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$617.9K
$540.7K – $720.9K
NOI $43,255 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two furnished 4BR/2BA units operate as a coliving duplex with in-unit washer/dryer and modern finishes.
Where is this duplex located?
The property is located at 4037 S 12th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Year built 2025: multifamily duplex with 2 furnished units operating as coliving through PadSplit; Each unit offers 4 bedrooms and 2 bathrooms; In‑unit full‑size washer and dryer in each unit
