4020 N 11th Street, Phoenix, AZ 85014 (MLS# 6030097)

4020 N 11th Street, Phoenix, AZ 85014

$2,380,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $2,380,000 Last Modified: 5/04/2026

Overview

Description

''Welcome to 14 on Eleventh. This 2016 remodel sits atop 2 parcels in the heart of Phoenix, just a few blocks from the 7th Street Corridor, intersecting Indian School Rd. French doors lead to private yards or open to the resurfaced pool, grill, custom-built gazebo, fireside, and corn hole game. New windows, sandblasted brick, and a recently updated roof modernize this midcentury, garden-style gem. These all 2 bed/1bath include stackable washer/dryer, quartz countertops, subway backsplash tile, stainless steel appliances with ranges, and ceramic plank flooring. Each unit has a covered parking stall, and ample street parking is available. Individually metered for electric. A RUBS is incorporated into each lease ($25-50 per unit) for utility cost recovery. Market rents are $1250-1300.

Supplements: Current rents are 1000-1250. Almost a 6% cap on proforma All facts and figuers are approximate buyer verify MLS information Seller is also willing to carry back and must qualify for the current loan assumption of 1.4 million. Current Loan assumption is 4.3% 30 year amortization fixed for the next 4 years. 1 % loan assumption fee. Buyer must also q ... (Read more)

Listing Details MLS# 6030097

Location, Tax & Legal

Map Code/Grid: P34
House Number: 4020
Compass: N
Street Name: 11th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Country: US
County Code: Maricopa
Assessor Number: 118-03-003-B
Tax Year: 2019
Assessor's Map #: 3
Assessor's Parcel #: 3
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Tax Municipality: Phoenix
Taxes: 4275
Legal: BOWMAN PLACE MCR 13/32 LTS 3 & 4 EX S 193.333F EX E 5F LT 3 FOR RD
Marketing Name: 14th on 11th

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 43065
Year Built: 1962
Uncvrd Parking Spcs: 14
Total # of Units: 14
# of Buildings: 4
Zoning: Multifamily
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 11th st and Indian School

Status Change Info

Off Market Date: 2020-10-30
Under Contract Date: 2020-07-20
Close of Escrow Date: 2020-10-29

Legal Info

Lot Number: 001332

More Information

Income Expenses

Gross Annual Sch Inc: 210000
Net Operating Income: 148870

2 Bedroom Units

# 2 Bedroom Units: 14
Avg Rent: 1250
Avg SqFt: 745
# Baths: Yes

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

13 - 24 Units: Yes

Other Type

Packaged Offering: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Sealed: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 3412
Annual Gas Exp: 0
Annual Ins Exp: 2461
Annual Land Lse Exp: 0
Annual Landscape Exp: 5880
Annual Legal & Acctg: 0
Annual Maint Exp: 16000
Annual Mgmt Exp: 6300
Annual Trash Exp: 2626
Annual Wtr/Swr Exp: 7140
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 7000
Annual Other Expense: 0
Operating Exp: 55094
Other Income: 4464
Vacancy Allowance: 0.05
Adjusted Gross Inc: 203740.8
Total Monthly Rental Income: 17500

Pmt & Rate Info

Cap Rate: 6.08
Down Payment: 0
Equity: 2449000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Showing Notification Methods

Text: Yes

Lockbox Type

None: Yes

Community Features

Pool: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes

Electric

APS: Yes

Gas

Other (See Remarks): Yes

Owner Pays

Water: Yes
Trash Collection: Yes
Landscaping: Yes
Pool Maintenance: Yes

New Financing

Cash to Loan: Yes
Conventional: Yes
No Carry: Yes
Owner May Carry: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 13 - 24 Units Other Type: Packaged Offering Construction: Block Const - Finish: Painted Roofing: Composition Floors: Sealed Sale Includes: Land & Building Community Features: Pool Appliances Included: Free-Standing Range; Refrigerator Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: Other (See Remarks) Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash to Loan; Conventional; No Carry; Owner May Carry; 1031 Exchange Environmental: None

Listing Office: Grace CRE

Last Updated: May - 04 - 2026