4119 N 11th Avenue, Phoenix, AZ 85013

$1,650,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,650,000 Last Modified: 1/22/2026

Overview

Description

Ideally positioned just east of Central Phoenix's largest major employment corridor, Villa at Melrose (''the property'') is an 8-unit multifamily community located north of Indian School Road on 11th Avenue. The property sits within the desirable Midtown submarket, surrounded by the growing lifestyle opportunities the immediate area offers. The Property's nearby proximity to one of The Valley's major transportation arteries, State Route 51, affords residents direct access and simple passage to nearly any destination across The Valley.

Supplements: Anchoring the gateway to North Central Phoenix's historic core, Villa at Melrose presents outstanding walkable access to a mix of the best local and national retailers and restaurants including Sprouts, Natural Grocers, Valentine, Clever Koi, AJ's, and West Elm. Ample employment opportunities are found through the nearby Innovation Employment Corri ...

Listing Details MLS# 6972550

Location, Tax & Legal

House Number
4119
Compass
N
Street Name
11th
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85013
Country
US
County Code
Maricopa
Assessor Number
155-39-093-G
Tax Year
2025
Assessor's Map #
39
Assessor's Parcel #
93
Assessor Parcel Ltr
G
Add'l Parcels
No
Tax Municipality
Phoenix
Taxes
2723
Legal
DEL MONTE NORTH TR B EX E 575ft and EX S 125ft
Marketing Name
Villa at Melrose

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
0.26
Year Built
1958
Total # of Units
8
# of Buildings
Yes
Zoning
R-3
Uncvrd Parking Spcs
0

Legal Info

Lot Number
Yes

Income Expenses

Gross Annual Sch Inc
111868
Net Operating Income
69652

More Information

Showing Notification Methods

Showing Service
Aligned Showings

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
1012
Avg SqFt
600
# Baths
4

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1318
Avg SqFt
750
# Baths
4

Project Type

5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Tile
Yes
Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
4835
Annual Ins Exp
4000
Annual Landscape Exp
3200
Annual Legal & Acctg
2400
Annual Maint Exp
7033
Annual Mgmt Exp
4467
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Rplcmnt Rsrvs
2000
Annual Other Expense
11368
Operating Exp
42026
Other Income
10996
Vacancy Allowance
0.08
Adjusted Gross Inc
113034.88

Pmt & Rate Info

Cap Rate
4.22
Equity
1650000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Individual
Yes

Cooling

Individual
Yes

Exterior Amenities

Desert Landscaping
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Free-Standing Electric Oven
Yes
Microwave
Yes
Refrigerator
Yes
Washer/Dryer
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
1 Space/Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Tile; Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup Heating: Individual Cooling: Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: On Street; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Marcus & Millichap
Last Updated: January - 22 - 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.