High-Rise Residential
New
For Sale
$118,000
4750 N CENTRAL Avenue 3N, Phoenix, AZ 85012
Residents have access to a heated pool, fitness center, rooftop lounge, theater, and secured underground parking.
Property Size702 SF
Days on Market7
Property Features for 4750 N CENTRAL Avenue 3N
General Information
Standard status
Active
Size
702 SF
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$742
Amenities
year-round heated pool
fitness center
rooftop lounge
private movie theater
resident lounge
library/game room
24-hour concierge
secured underground parking
Building Details
Building Size
702 SF
Year Built
1963
Listing Agency:
Pak Home Realty
Listed By:
Ruggeri Mateus Gomez
(623) 204-5021
Source:
Alexiabertsatos
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 11:23PM
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 Pak Home Realty
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium is in Landmark Towers, a high-rise residential building completed in 1963. The unit has city and mountain views. Building amenities include a year-round heated pool, fitness center, rooftop lounge, private movie theater, resident lounge, library and game room, 24-hour concierge, and secured underground parking.
The property is on Central Avenue in Phoenix, with light rail, dining, shopping, and entertainment nearby.
The property is on Central Avenue in Phoenix, with light rail, dining, shopping, and entertainment nearby.
Key Highlights
- One‑bedroom, one‑bath condominium in Landmark Towers
- Building completed in 1963
- Year‑round heated pool and fitness center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,188
Cap Rate
6.94%
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 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$212.6K
$186.1K – $248.1K
NOI $14,885 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
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 heated pool, fitness center, rooftop lounge, theater, and secured underground parking.
Where is this residential income property located?
The property is located at 4750 N CENTRAL Avenue 3N Phoenix, AZ.
What is the asking price?
The asking price for this property is $118,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium in Landmark Towers; Building completed in 1963; Year‑round heated pool and fitness center
