4028 S 15TH Street, Phoenix, AZ 85040 (MLS# 6972367)

4028 S 15TH Street, Phoenix, AZ 85040

$1,230,000

Property Type: Multiple Dwellings Bedrooms: 13 Baths: 13 Status: Active

Current Price: $1,230,000 Last Modified: 10/06/2026

Overview

Description

Turnkey investment opportunity with ALL units FULLY OCCUPIED! featuring a fully remodeled multi-building INCOME property with modern finishes throughout. Gated entry with remote access, plus ample parking with both covered and uncovered spaces. Well-maintained and ready for continued cash flow. Building One includes three apartments: one 2 bed/2 bath and two 1 bed/1 bath units, all with kitchens and W/D hookups. Buildings Two and Three offer four identical 1 bed/1 bath units with living rooms, kitchens, W/D hookups, and private back patioS! The property also includes two newer mobile homes with primary bedrooms, en-suite baths, and W/D hookups.

Listing Details MLS# 6972367

Location, Tax & Legal

House Number: 4028
Compass: S
Street Name: 15TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1380
Country: US
County Code: Maricopa
Subdivision: NORMAN ACRES
Assessor Number: 113-27-020
Tax Year: 2024

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 13,572
Year Built: 1961
Uncvrd Parking Spcs: 6
Total # of Units: 9
# of Buildings: 5
Zoning: R-4
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
High School: South Mountain High School

Remarks Misc

Cross Street: BROADWAY & 16TH ST.

Legal Info

Township: 1N
Range: 3E
Section: 21
Lot Number: Yes

1 Bedroom Units

# 1 Bedroom Units: 5
Avg Rent: 1550
Avg SqFt: 750
# Baths: Yes

More Information

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1767
Avg SqFt: 883
# Baths: 2

Structure

Bedrooms Total: 13
Bathrooms Total: 13

Income Expenses

Gross Annual Sch Inc: 96607
Net Operating Income: 133200

Showing Notification Methods

Showing Service: Aligned Showings

Property Features

Project Type: 5 - 12 Units Other Type: House + Rental Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building; Personal Property Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Security Light(s) Interior Features: Fire/Smoke Alarm(s) Appliances Included: Built-In Electric Oven; Refrigerator; Microwave; Washer/Dryer; W/D Hookup Cooling: Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; >1 Space Per Unit; Assigned; Free; See Remarks Road Surface Type: Gravel; Concrete Owner Pays: Water; Electric; Trash Collection; See Remarks Tenant Pays: Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: Supra; Other Existing 1st Loan: Treat as Free&Clear Existing 2nd Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: Valley Views RE

Office Phone: 480-688-0915

Office Email: claudia@valleyviewsrealty.com

Last Updated: October - 06 - 2026