315 E Carol Avenue, Phoenix, AZ 85020
$539,900
Property Type:
Multiple Dwellings
Status:
UCB (Under Contract-Backups)
Current Price:
$539,900
Last Modified:
4/13/2026
Description
100% occupied, turnkey rental. Rents are $4,400 per month with RUBS for utilities included for a yearly gross of $52,800. Appraisal completed at $540,000. Professionally managed with 1 year leases and security deposits in place. Newly renovated with a new roofing system, exterior and interior paint, new water heaters and plumbing fixtures, new white shaker cabinets, baseboards and trim, stainless steel GE appliances, R-38 insulation, 20 mm vinyl flooring, vinyl windows, and updated heating and cooling. There are 2 buildings with a 1 bedroom 1 bath unit and two 2 bedroom 1 bath units in the rear.
More Information MLS# 7004013
Contract Info
Ownership: Fee Simple
Current Price: $539,900
List Price: $539,900
Status: UCB (Under Contract-Backups)
List Date: 2026-03-25
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): TENGEN PLACE ADD LOT 1 E2 BLK H
Assessor's Parcel #: 86
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104600
Taxes: 428
Legal: TENGEN PLACE ADD LOT 1 E2 BLK H
Marketing Name: Renovated Triplex
House Number: 315
Compass: E
Street Name: Carol
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2081
County Code: Maricopa
Subdivision: TENGEN PLACE ADDITION
Assessor Number: 159-45-086
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 55 x136
Flood Zone: No
Total # of Units: 3
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Sunnyslope Elementary School
Jr. High School: Sunnyslope Elementary School
High School: Sunnyslope High School
Year Built: 1940
Zoning: R3
Legal Info
Range: 3E
Section: 29
Township: 3N
Lot Number: 1
Project Type
Duplex: 1
Tri-Plex: 1
Other Type
House + Rental Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 3600
Annual Ins Exp: 1950
Annual Wtr/Swr Exp: 3000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8978
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 52800
Total Monthly Rental Income: 4400
Status Update
Multiple Offers Recd: 1
Pmt & Rate Info
Cap Rate: 8.12
Equity: 539900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Natural Gas: 1
Individual: 1
Central: 1
2 or More Units: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Individual: 1
2 or More Units: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Cable TV: 1
None: 1
Appliances Included
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Off Street: 1
Electric
APS: 1
Master Meter: 1
Gas
SW Gas: 1
Master Meter: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
Appraisal: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1200
Avg SqFt: 480
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1600
Avg SqFt: 640
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 5th Street and Hatcher
Directions: From AZ-51 and Northern West on Northern, North on 7th Street, West on Hatcher, North on 5th Street, West on Carol to property.
Geo Lat: 33.572024
Geo Lon: -112.068514
Income Expenses
Gross Annual Sch Inc: 52800
Net Operating Income: 43822
Property Features
Project Type: Duplex; Tri-Plex
Other Type: House + Rental Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave; Washer/Dryer
Heating: Natural Gas; Individual; Central; Heat Pump; 2 or More Units
Cooling: Electric; Heat Pump; Individual; Central Air; 2 or More Units
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Master Meter
Gas: SW Gas; Master Meter; Individual Meter
Parking Features: 1 Space/Unit; Off Street
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; See Remarks
Tenant Pays: Cable TV; None
Source of Fincl Data: Owner
Special: Owner/Agent
Status Update: Multiple Offers Recd
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office:
Grayson Real Estate
Last Updated: April - 13 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.