822 E CAROL Avenue, Phoenix, AZ 85020

$749,000
Property Type: Multiple Dwellings Bedrooms: 5 Baths: 4 Status: Active
Current Price: $749,000 Last Modified: 9/15/2026

Overview

Description

Fully occupied fourplex at the end of a cul-de-sac in East Sunnyslope, offered at $749,000. Three 1BR units and one 2BR unit feature slump-block construction, ceramic-tile interiors and private fenced patios or yards. A new asphalt-shingle roof with a reported transferable warranty and low-maintenance landscaping support ownership. Current OM underwriting shows $33,573 normalized NOI and a 4.48% cap rate; the market-rent pro forma shows $45,727 NOI and 6.11%. Convenient access to SR-51 and Central Phoenix employment, healthcare, shopping and recreation. No seller financing. Do not disturb tenants. Buyer to verify rents, expenses, condition, warranty and all information.

Supplements: 822 E Carol Avenue is a four-unit property in East Sunnyslope with three one-bedroom residences and one two-bedroom residence. All four are reported occupied. The approximately 1,776-SF building occupies an approximately 6,970-SF site. Features include slump-block construction, ceramic-tile interiors, private fenced patios or yards, low-maintenance ...

Listing Details MLS# 6952059

Location, Tax & Legal

House Number
822
Compass
E
Street Name
CAROL
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85020
Zip4
2138
Country
US
County Code
Maricopa
Assessor Number
159-37-078
Tax Year
2025
Assessor's Map #
37
Legal Description (Abbrev)
E 50' OF S2 NW4 SE4 NW4 SW4 EX S 25' RD .16 AC
Assessor's Parcel #
78
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
104701
Taxes
927
Legal
E 50' OF S2 NW4 SE4 NW4 SW4 EX S 25' RD .16 AC
Marketing Name
4 Plex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
irr
Year Built
1977
Uncvrd Parking Spcs
6
Total # of Units
4
# of Buildings
Yes
Zoning
Multi
Flood Zone
TBD
High School District
Glendale Union High School District

Remarks Misc

Cross Street
7th Street/Hatcher
Directions
Head east on Mountain View Rd from the intersection with Cave Creek Rd. Continue straight on Mountain View Rd past the residential area. Turn right (south) onto N 16th St (or the nearest major cross street that connects toward E Carol Ave). Follow N 16th St south toward E Carol Ave. Turn left onto E Carol Ave. Arrive at 822 E Carol Ave (on your right).

Legal Info

Township
3N
Range
3E
Section
28

1 Bedroom Units

# 1 Bedroom Units
3
Avg Rent
1100
# Baths
Yes

More Information

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
1400
# Baths
Yes

Structure

Bedrooms Total
5
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
44116
Net Operating Income
42286

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

Project Type

Four Plex
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes
Slump Block
Yes

Const - Finish

Painted
Yes
Other (See Remarks)
Yes

Roofing

Composition
Yes
See Remarks
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1748
Annual Land Lse Exp
0
Annual Landscape Exp
400
Annual Legal & Acctg
0
Annual Maint Exp
1200
Annual Mgmt Exp
3529
Annual Trash Exp
0
Annual Wtr/Swr Exp
2300
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
400
Operating Exp
10504
Other Income
2700
Vacancy Allowance
0
Adjusted Gross Inc
2744

Pmt & Rate Info

Cap Rate
5.65
Down Payment
0
Equity
749000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

Combo
Yes
Other
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Individual
Yes

Cooling

Ceiling Fan(s)
Yes
Heat Pump
Yes
Individual
Yes

Exterior Amenities

Desert Landscaping
Yes
Partially Fenced
Yes
Cable TV Available
Yes
Sidewalk(s)
Yes
Patio/Balcony
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Access Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
On Street
Yes
1 Space/Unit
Yes
Paved
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes

Existing 1st Loan

Conventional
Yes
Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes
APOD/Backup Avaible
Yes
Sch of Personal Prop
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: Four Plex Construction: Block; Slump Block Const - Finish: Painted; Other (See Remarks) Roofing: Composition; See Remarks Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Heat Pump; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: On Street; 1 Space/Unit; Free; Paved Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Combo; Other Existing 1st Loan: Conventional; Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; No Carry Environmental: None
IDX
Listing Office: Gerchick Real Estate
Last Updated: September - 15 - 2026
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