Apartment Unit with
For Sale
$115,000
4750 N CENTRAL Avenue 3R, Phoenix, AZ 85012
Residents have access to a pool, fitness room, media room, rooftop terrace, and garage parking.
Property Size702 SF
Price / SF$163.82
Days on Market201
Property Features for 4750 N CENTRAL Avenue 3R
General Information
Standard status
Active
Size
702 SF
Property subtype
Apartment
Site & Location
Neighborhood
Alhambra
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$742
Amenities
pool
gym
garage parking
media room
rooftop terrace
24-hour front desk security
Building Details
Building Size
702 SF
Year Built
1963
Listing Agency:
My Home Group Real Estate
Listed By:
Devyn B Rivera · License #SA672056000
(602) 295-5306
Source:
Arizonaproperrealestate
Added: Apr 16
Changed: Oct 26
Last Checked: Oct 31 at 4:59AM
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 My Home Group Real Estate
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Investment Insights
Based on property information with market context.
This 702-square-foot apartment at Landmark Towers was built in 1963. The interior has an open living area, wood-look flooring, tile, and sliding doors connecting the living space and bedroom to a balcony. The kitchen includes built-in appliances, cabinetry, and counter space; the bedroom has a mirrored-door closet and additional cabinetry.
Building amenities include a pool, fitness room, media room, garage parking, and rooftop terrace. A 24-hour front desk provides security service.
Building amenities include a pool, fitness room, media room, garage parking, and rooftop terrace. A 24-hour front desk provides security service.
Key Highlights
- 702‑square‑foot apartment with balcony access from the living area and bedroom
- Built in 1963
- Kitchen with built‑in appliances and storage cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,188
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$163,760
$163.8K
Cap Rate 7%
$116,971
$117.0K
Cap Rate 9%
$90,978
$91.0K
Market Conditions
NOI Build-Up for 702 SF
Gross rent
$15.8K $22.56/SF
− Vacancy
−$950 −$1.35/SF
EGI
$14.9K $21.21/SF
− OpEx
−$6.7K −$9.54/SF
NOI
$8.2K $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%
$163,760
Cap Rate 7%
$116,971
Cap Rate 9%
$90,978
Alternative Uses
Best Use
Apartment 5plus
$117.0K
$102.4K – $136.5K
NOI $8,188 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$212.6K
$186.1K – $248.1K
NOI $14,885 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open 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
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a pool, fitness room, media room, rooftop terrace, and garage parking.
Where is this residential income property located?
The property is located at 4750 N CENTRAL Avenue 3R Phoenix, AZ.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 702‑square‑foot apartment with balcony access from the living area and bedroom; Built in 1963; Kitchen with built‑in appliances and storage cabinetry
