315 Carol Ave Phoenix, AZ 85020
This Phoenix, Arizona multifamily investment opportunity presents a compelling value-add proposition. Located at 315 E Carol Ave, in the desirable Sunnyslope submarket, this property consists of a single building encompassing three rental units on a 7,373 square foot lot (APN 159-45-086). The property features a total of 1,781 square feet of living space. The configuration includes a single-family residence at the front of the property with one bedroom and one bathroom, and a rear duplex with two, two-bedroom/one-bathroom units. This triplex benefits from its proximity to HonorHealth John C. Lincoln Medical Center and Sunnyslope High School, enhancing its appeal to renters. The property is zoned R-3, offering potential for future development or expansion (subject to city approvals). The asking price is $405,000, presenting a strong opportunity for investors seeking a well-located property with significant upside potential in a thriving Phoenix neighborhood. This is an excellent chance to acquire a stable income-generating asset with potential for increased returns through value-add strategies.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.