Two-Bedroom Residential
For Sale
$239,900
4750 N CENTRAL Avenue 11R-S, Phoenix, AZ 85012
An 11th-floor residence features a private, full-length balcony and north-facing views.
Property Size1,045 SF
Price / SF$229.57
Days on Market180
Property Features for 4750 N CENTRAL Avenue 11R-S
General Information
Standard status
Active
Size
1,045 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Apartment
Site & Location
Neighborhood
Alhambra
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$1,468
Amenities
24-hour front desk service
secured entry
heated pool
fitness center
theater
library
business center
club room
rooftop sky lounge
Building Details
Building Size
1,045 SF
Year Built
1963
Listing Agency:
Russ Lyon Sotheby's International Realty
Listed By:
Kurt Boyd
(480) 203-3704
Source:
Bvoluxury
Added: May 2
Changed: Oct 26
Last Checked: Oct 26 at 11:35AM
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 Russ Lyon Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 1,045-square-foot, two-bedroom, two-bath residence is on the 11th floor of Landmark Towers. Interior details include cork-backed wood-plank flooring, fresh paint, and updated kitchen and bath finishes. The unit also has a full-length private balcony and two underground parking spaces.
Building amenities include a heated pool, fitness center, theater, library, business center, club room, rooftop sky lounge, secured entry, and 24-hour front desk service. Recent building work includes balcony, elevator, and roof improvements, along with updates to the sky lounge and hallway carpeting. The seller is open to a 12-month leaseback at market rent after closing.
Building amenities include a heated pool, fitness center, theater, library, business center, club room, rooftop sky lounge, secured entry, and 24-hour front desk service. Recent building work includes balcony, elevator, and roof improvements, along with updates to the sky lounge and hallway carpeting. The seller is open to a 12-month leaseback at market rent after closing.
Key Highlights
- Two bedrooms and two bathrooms in 1,045 square feet
- 11th‑floor residence with a full‑length private balcony and north‑facing views
- Two underground parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,188
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,760
$243.8K
Cap Rate 7%
$174,114
$174.1K
Cap Rate 9%
$135,422
$135.4K
Market Conditions
NOI Build-Up for 1,045 SF
Gross rent
$23.6K $22.56/SF
− Vacancy
−$1.4K −$1.35/SF
EGI
$22.2K $21.21/SF
− OpEx
−$10.0K −$9.54/SF
NOI
$12.2K $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%
$243,760
Cap Rate 7%
$174,114
Cap Rate 9%
$135,422
Alternative Uses
Best Use
Apartment 5plus
$174.1K
$152.4K – $203.1K
NOI $12,188 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.5K
$277.0K – $369.3K
NOI $22,158 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
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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 - An 11th-floor residence features a private, full-length balcony and north-facing views.
Where is this residential income property located?
The property is located at 4750 N CENTRAL Avenue 11R-S Phoenix, AZ.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,045 square feet; 11th‑floor residence with a full‑length private balcony and north‑facing views; Two underground parking spaces
