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Property profile & analytics
OFF-MARKET
Residential income homes

315 Carol Ave Phoenix, AZ 85020

1,781 SF
Property ID
US07-2654809
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Total area 1,781 SF
APN 159-45-086
UPID US07-2654809
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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