Two-Bedroom Apartment
For Sale
$249,000
4750 N CENTRAL Avenue K15, Phoenix, AZ 85012
Both bedrooms open to a balcony, with mountain and city-light views.
Property Size980 SF
Price / SF$254.08
Days on Market33
Property Features for 4750 N CENTRAL Avenue K15
General Information
Standard status
Active
Size
980 SF
Property subtype
Apartment
Site & Location
Neighborhood
Alhambra
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,191
Building Details
Building Size
980 SF
Year Built
1963
Listing Agency:
eXp Realty
Listed By:
Sherrie Travers
(602) 402-5122
Source:
Arizonaproperrealestate
Added: Oct 1
Changed: Oct 31
Last Checked: Oct 31 at 1:03AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 980-square-foot apartment at Landmark Towers in Phoenix has two bedrooms and a balcony accessible from each. The interior includes an open layout, high ceilings, crown molding, and wood-look flooring. The kitchen is fitted with granite countertops, a subway tile backsplash, wood cabinetry, and stainless steel appliances. Built-in closets with mirrored doors provide storage in both bedrooms.
Completed in 1963, the unit’s balcony offers views of the mountains and city lights.
Completed in 1963, the unit’s balcony offers views of the mountains and city lights.
Key Highlights
- 980‑square‑foot apartment with two bedrooms
- Balcony access from both bedrooms
- Mountain and city‑light views from the balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,430
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,600
$228.6K
Cap Rate 7%
$163,286
$163.3K
Cap Rate 9%
$127,000
$127.0K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$22.1K $22.56/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$20.8K $21.21/SF
− OpEx
−$9.4K −$9.54/SF
NOI
$11.4K $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%
$228,600
Cap Rate 7%
$163,286
Cap Rate 9%
$127,000
Alternative Uses
Best Use
Apartment 5plus
$163.3K
$142.9K – $190.5K
NOI $11,430 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.9K
$259.8K – $346.3K
NOI $20,780 @ 7.0% cap · market cap 8.35%
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 - Both bedrooms open to a balcony, with mountain and city-light views.
Where is this residential income property located?
The property is located at 4750 N CENTRAL Avenue K15 Phoenix, AZ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 980‑square‑foot apartment with two bedrooms; Balcony access from both bedrooms; Mountain and city‑light views from the balcony
