4020 N 12TH Street, Phoenix, AZ 85014 (MLS# 7057128)

4020 N 12TH Street, Phoenix, AZ 85014

$4,495,000

Gated seven-townhome community in Midtown Phoenix with modern architecture and clean desert landscaping.

Architectural rendering. Private front entry with landscaped walkway and contemporary exterior details.

Architectural rendering. Secure front courtyard entrance with low-maintenance design and modern curb appeal.

Architectural rendering. Inviting front approach with shaded walkway, privacy wall, and mature landscaping.

Architectural rendering of the great room showing open-concept living with natural light and modern finishes.

Architectural rendering highlighting the spacious living area with indoor-outdoor flow to the private patio.

Architectural rendering of the kitchen with contemporary cabinetry, island seating, and open entertaining layout.

Architectural rendering showing a clean modern kitchen design with stainless appliances and generous workspace.

Architectural rendering of the dining area positioned between the kitchen and main living space.

Architectural rendering of the staircase and entry area showing the home’s modern vertical design.

Architectural rendering of the upstairs laundry room with full-size washer and dryer space.

Architectural rendering of the open family area with high ceilings, natural light, and flexible living space.

Architectural rendering showing the open family room with room for gathering, relaxing, and everyday living.

Architectural rendering of the primary bedroom with generous space and a calm neutral design palette.

Architectural rendering of the primary suite with natural light and room for a full bedroom furniture layout.

Architectural rendering of the primary bathroom with dual vanity, modern cabinetry, and bright finishes.

Architectural rendering of secondary bedroom with natural light and flexible use for guests or office space.

Architectural rendering of third bedroom with a clean modern finish and efficient layout.

Architectural rendering of the secondary full bath with dual sinks and bright contemporary finishes.

Rear exterior showing oversized two-car garage access for each townhome.

Rear exterior view highlighting the private garage configuration and clean modern building design.

Property Type: Multiple Dwellings Status: Active

Current Price: $4,495,000 Last Modified: 7/22/2026

Overview

Description

Seven-unit townhome portfolio in Encanto Village, one of Midtown Phoenix's most sought-after neighborhoods. Within 10 minutes of major employers, dining, nightlife, professional sports, I-10, SR-51, and SR-202, five major hospitals, and 20 minutes from Sky Harbor. Built in 2021, each 1,779 SF townhome offers 3 bedrooms and 2.5 baths over two levels, with private courtyards, high-end finishes, and two flex areas for work/play. Currently operated as rentals with in-place rents below market, offering meaningful upside in one of the nation's strongest job markets. Each home is individually parceled, allowing an investor to hold the portfolio for income today and later sell units individually at retail. A rare central-Phoenix asset pairing for-sale-quality product with two distinct value paths.

Listing Details MLS# 7057128

Location, Tax & Legal

House Number: 4020
Compass: N
Street Name: 12TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5342
Country: US
County Code: Maricopa
Subdivision: MOLI GARDENS
Assessor Number: 118-03-059
Tax Year: 2025
Assessor's Map #: 3
Legal Description (Abbrev): LOT 1 MOLI GARDENS MCR 149321
Assessor's Parcel #: 59
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 110600
Taxes: 3117
Legal: Moli Gardens MCR 1493-21 lots 1-7.
Marketing Name: Moli Gardens

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 82.17'' x 150.28'
Year Built: 2021
Uncvrd Parking Spcs: 7
Total # of Units: 7
# of Buildings: Yes
Zoning: R-4
Flood Zone: No
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: North High School

Remarks Misc

Cross Street: Indian School Rd & N 12th St
Directions: located south of Indian School Rd on 12th St across from Longview Elementary School

Legal Info

Township: 2N
Range: 3E
Section: 28
Lot Number: Yes

Income Expenses

Gross Annual Sch Inc: 249180
Net Operating Income: 163700

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

3 Bedrooms Units

# 3 Bedroom Units: 7
Avg Rent: 2695
Avg SqFt: 1779
# Baths: 3

Project Type

5 - 12 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Built-Up: Yes

Floors

Vinyl: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 1440
Annual Landscape Exp: 4740
Annual Maint Exp: 22600
Annual Mgmt Exp: 17300
Annual Trash Exp: 2880
Annual Wtr/Swr Exp: 4724
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 2000
Annual Other Expense: 600
Operating Exp: 59401
Other Income: 5422
Vacancy Allowance: 0.05
Adjusted Gross Inc: 241871.9

Pmt & Rate Info

Cap Rate: 3.64
Equity: 4495000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Individual: Yes

Exterior Amenities

Cable TV Available: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Guard Gate: Yes

Interior Features

Fire/Smoke Alarm(s): Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Other (See Remarks): Yes

Water Source

Individual Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
>1 Space Per Unit: Yes
Paved: Yes
Add'l Parking Avail: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Trash Collection: Yes
Landscaping: Yes
Other: Yes
See Remarks: Yes

New Financing

Cash: Yes
Cash to Loan: Yes
Conventional: Yes
1031 Exchange: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Built-Up Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Cable TV Available; Sidewalk(s); Patio/Balcony; Guard Gate Interior Features: Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual Cooling: Ceiling Fan(s); Electric; Individual; Central Air Water Source: Individual Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Garage; >1 Space Per Unit; Add'l Parking Avail; Paved Road Surface Type: Asphalt Owner Pays: Trash Collection; Landscaping; Other; See Remarks Tenant Pays: Water; Sewer; Electricity; Cable TV Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Cash to Loan; Conventional; 1031 Exchange Environmental: None

Listing Office: HANABEE

Last Updated: July - 22 - 2026