Furnished Studio Residential Income
For Sale
$114,900
4750 N CENTRAL Avenue 8L, Phoenix, AZ 85012
An 8th-floor residence combines a private balcony, built-in storage, and in-unit laundry.
Property Size442 SF
Price / SF$259.95
Days on Market55
Property Features for 4750 N CENTRAL Avenue 8L
General Information
Standard status
Active
Size
442 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
Alhambra
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Parking per Unit
1
Additional Details
Furnished
Yes
Asking Price
$114,900
Taxes and HOA fees
Annual Taxes
$550
Amenities
concierge
heated pool
fitness center
sky lounge
library
media room
billiards room
resident lounge
community laundry
in-unit washer/dryer
floor-to-ceiling windows
electronic shades
oversized balcony
full kitchen
updated bath
built-ins
Murphy bed
Building Details
Building Size
442 SF
Year Built
1963
Listing Agency:
Compass
Listed By:
Ken Gould · License #SA563497000
(480) 250-2978
Source:
Bvoluxury
Added: Sep 5
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 Compass
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 furnished studio occupies the 8th floor of Landmark Towers and measures 442 square feet. Floor-to-ceiling windows open onto an oversized balcony with views of Camelback, Piestewa, and North Mountain. The interior includes a full kitchen, an updated bathroom, space-saving built-ins, a Murphy bed, and an in-unit washer and dryer. One assigned parking space is provided in the secured garage.
Building amenities include a 24-hour concierge, heated pool, fitness center, and an 18th-floor sky lounge. Residents also have access to a library and business center, media and billiards rooms, a resident lounge, and community laundry facilities. The property is along the light rail, with Downtown Phoenix, restaurants, shopping, and entertainment described as minutes away. The HOA covers air conditioning, heat, water, trash, and Wi-Fi.
Building amenities include a 24-hour concierge, heated pool, fitness center, and an 18th-floor sky lounge. Residents also have access to a library and business center, media and billiards rooms, a resident lounge, and community laundry facilities. The property is along the light rail, with Downtown Phoenix, restaurants, shopping, and entertainment described as minutes away. The HOA covers air conditioning, heat, water, trash, and Wi-Fi.
Key Highlights
- 442‑square‑foot furnished studio on the 8th floor
- Oversized balcony with views of Camelback, Piestewa, and North Mountain
- In‑unit washer and dryer, full kitchen, updated bathroom, and Murphy bed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,155
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$103,100
$103.1K
Cap Rate 7%
$73,643
$73.6K
Cap Rate 9%
$57,278
$57.3K
Market Conditions
NOI Build-Up for 442 SF
Gross rent
$10.0K $22.56/SF
− Vacancy
−$598 −$1.35/SF
EGI
$9.4K $21.21/SF
− OpEx
−$4.2K −$9.54/SF
NOI
$5.2K $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%
$103,100
Cap Rate 7%
$73,643
Cap Rate 9%
$57,278
Alternative Uses
Best Use
Apartment 5plus
$73.6K
$64.4K – $85.9K
NOI $5,155 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$133.9K
$117.2K – $156.2K
NOI $9,372 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - An 8th-floor residence combines a private balcony, built-in storage, and in-unit laundry.
Where is this residential income property located?
The property is located at 4750 N CENTRAL Avenue 8L Phoenix, AZ.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: 442‑square‑foot furnished studio on the 8th floor; Oversized balcony with views of Camelback, Piestewa, and North Mountain; In‑unit washer and dryer, full kitchen, updated bathroom, and Murphy bed
