4037 S 12th Street, Phoenix, AZ 85040

$525,000
Property Type: Multiple Dwellings Bedrooms: 6 Baths: 4 Status: Active
Current Price: $525,000 Last Modified: 9/02/2026

Overview

Description

Amazing investment opportunity to own this brand-new duplex! Perfect for a first-time homebuyer looking to house hack or an investor seeking a low-maintenance property with a desirable unit mix, luxury finishes, and strong cash flow potential. Each unit features 3 bedrooms and 2 bathrooms with high-end finishes throughout, including stainless steel appliances, luxury vinyl flooring, quartz countertops in the kitchens and bathrooms, and brand-new stackable washer/dryers. Each unit also includes a covered parking space, with additional guest parking available. A turfed common area between the buildings provides a great space for pets and outdoor enjoyment.

Listing Details MLS# 7071032

Location, Tax & Legal

House Number
4037
Compass
S
Street Name
12th
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85040
Country
US
County Code
Maricopa
Subdivision
VILLAS AT 12TH STREET CONDOMINIUMS
Assessor Number
113-25-067
Tax Year
2025
Assessor's Map #
25
Legal Description (Abbrev)
LOT 207 VILLAS AT 12TH STREET CONDOMINIUMS MCR 177936
Assessor's Parcel #
67
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
115300
Taxes
178
Legal
LOT 207 VILLAS AT 12TH STREET CONDOMINIUMS MCR 177936
Marketing Name
Duplex Villas at 12th St

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
989
Year Built
2025
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
Yes
Zoning
R-4

Remarks Misc

Cross Street
12th Street & Elwood St

Legal Info

Township
1N
Range
3E
Section
21
Lot Number
207

3 Bedrooms Units

# 3 Bedroom Units
2
Avg Rent
2100
Avg SqFt
1026
# Baths
2

More Information

Structure

Bedrooms Total
6
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
50400
Net Operating Income
41272

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

Project Type

Duplex
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Ins Exp
2250
Annual Maint Exp
2500
Owner Association
Yes
Annual Ownr Asoc Fee
4200
Operating Exp
9128
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
50400

Pmt & Rate Info

Cap Rate
7.86
Equity
525000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Combo
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

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

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes

Appliances Included

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

Road Surface Type

Asphalt
Yes
Concrete
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes
Private
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes
Sewer - Private
Yes

Parking Features

>1 Space Per Unit
Yes
Add'l Parking Avail
Yes

Electric

APS
Yes
SRP
Yes
City Electric
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
City Gas
Yes
Individual Meter
Yes

Owner Pays

None
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer Cooling: Ceiling Fan(s); Electric; Individual; Central Air Water Source: City Franchise; Private; Individual Meter Sewer: Sewer - Public; Sewer - Private Electric: APS; SRP; City Electric; Individual Meter Gas: SW Gas; City Gas; Individual Meter Parking Features: >1 Space Per Unit; Add'l Parking Avail Road Surface Type: Asphalt; Concrete Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Trash Collection Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Combo New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Compass
Last Updated: September - 02 - 2026
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