Residential Income Property with
For Sale
$265,000
4750 N CENTRAL Avenue 12LM, Phoenix, AZ 85012
The two primary suites are positioned on opposite sides of the home, with a shared living area between them.
Property Size1,164 SF
Days on Market14
Property Features for 4750 N CENTRAL Avenue 12LM
General Information
Standard status
Active
Size
1,164 SF
Total Parking Spaces
2
Property subtype
Apartment
Site & Location
Neighborhood
Alhambra
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$611
Amenities
concierge
heated pool
fitness center
clubhouse
movie theater
Building Details
Building Size
1,164 SF
Year Built
1963
Listing Agency:
eXp Realty
Listed By:
Katie Taylor · License #SA568463000
(480) 220-6364
Source:
Alexiabertsatos
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 28 at 3:00PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Set on the 12th floor of Landmark Towers, this two-bedroom, two-bath condominium has a layout with primary suites at opposite ends of the residence. Walnut flooring runs through the open living area. The kitchen is fitted with cherry cabinetry, stainless steel appliances, and an eat-at peninsula. A balcony of approximately 500 square feet extends the living space and faces north toward Uptown Phoenix and the surrounding mountains. The building dates to 1963.
Residents have access to a heated pool, fitness center, clubhouse, movie theater, and 24-hour concierge service. Two secured underground parking spaces are included. The property is on Central Avenue, near Uptown dining, Downtown Phoenix, ASU, and light rail service.
Residents have access to a heated pool, fitness center, clubhouse, movie theater, and 24-hour concierge service. Two secured underground parking spaces are included. The property is on Central Avenue, near Uptown dining, Downtown Phoenix, ASU, and light rail service.
Key Highlights
- 12th‑floor, two‑bedroom, two‑bath condominium at Landmark Towers
- Two primary suites positioned at opposite ends of the residence
- Approximately 500 square feet of balcony space with north‑facing views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,576
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,520
$271.5K
Cap Rate 7%
$193,943
$193.9K
Cap Rate 9%
$150,844
$150.8K
Market Conditions
NOI Build-Up for 1,164 SF
Gross rent
$26.3K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$24.7K $21.21/SF
− OpEx
−$11.1K −$9.54/SF
NOI
$13.6K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,520
Cap Rate 7%
$193,943
Cap Rate 9%
$150,844
Alternative Uses
Best Use
Apartment 5plus
$193.9K
$169.7K – $226.3K
NOI $13,576 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.6K
$308.5K – $411.4K
NOI $24,681 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 85012, AZ
8,201
Population
5,269
Households
1.6
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
3,566
Density / Sq Mi
$80,242
Median Household Income
$57,228
Median Earnings
$1,693
Median Rent
$701,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The two primary suites are positioned on opposite sides of the home, with a shared living area between them.
Where is this residential income property located?
The property is located at 4750 N CENTRAL Avenue 12LM Phoenix, AZ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 12th‑floor, two‑bedroom, two‑bath condominium at Landmark Towers; Two primary suites positioned at opposite ends of the residence; Approximately 500 square feet of balcony space with north‑facing views
