315 E Carol Avenue, Phoenix, AZ 85020

$539,900
Property Type: Multiple Dwellings Status: Active
Current Price: $539,900 Last Modified: 4/08/2026

Overview

Description

100% occupied, turnkey rental. Rents are $4,400 per month with RUBS for utilities included for a yearly gross of $52,800. Appraisal completed at $540,000. Professionally managed with 1 year leases and security deposits in place. Newly renovated with a new roofing system, exterior and interior paint, new water heaters and plumbing fixtures, new white shaker cabinets, baseboards and trim, stainless steel GE appliances, R-38 insulation, 20 mm vinyl flooring, vinyl windows, and updated heating and cooling. There are 2 buildings with a 1 bedroom 1 bath unit and two 2 bedroom 1 bath units in the rear.

Listing Details MLS# 7004013

Location, Tax & Legal

House Number
315
Compass
E
Street Name
Carol
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85020
Zip4
2081
County Code
Maricopa
Subdivision
TENGEN PLACE ADDITION
Assessor Number
159-45-086
Tax Year
2024
Assessor's Map #
45
Legal Description (Abbrev)
TENGEN PLACE ADD LOT 1 E2 BLK H
Assessor's Parcel #
86
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
104600
Taxes
428
Legal
TENGEN PLACE ADD LOT 1 E2 BLK H
Marketing Name
Renovated Triplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
55 x136
Year Built
1940
Uncvrd Parking Spcs
4
Total # of Units
3
# of Buildings
2
Zoning
R3
Flood Zone
No
Elementary School District
Washington Elementary School District
High School District
Glendale Union High School District
Elementary School
Sunnyslope Elementary School
Jr. High School
Sunnyslope Elementary School
High School
Sunnyslope High School

Remarks Misc

Cross Street
5th Street and Hatcher
Directions
From AZ-51 and Northern West on Northern, North on 7th Street, West on Hatcher, North on 5th Street, West on Carol to property.

Legal Info

Township
3N
Range
3E
Section
29
Lot Number
Yes

Income Expenses

Gross Annual Sch Inc
52800
Net Operating Income
43822

More Information

Showing Notification Methods

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

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
1200
Avg SqFt
480
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1600
Avg SqFt
640
# Baths
Yes

Project Type

Duplex
Yes
Tri-Plex
Yes

Other Type

House + Rental Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
3600
Annual Ins Exp
1950
Annual Wtr/Swr Exp
3000
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
8978
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
52800
Total Monthly Rental Income
4400

Status Update

Multiple Offers Recd
Yes

Pmt & Rate Info

Cap Rate
8.12
Equity
539900
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes
Natural Gas
Yes
Individual
Yes
Central
Yes
2 or More Units
Yes

Cooling

Central Air
Yes
Electric
Yes
Heat Pump
Yes
Individual
Yes
2 or More Units
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes

Tenant Pays

Cable TV
Yes
None
Yes

Appliances Included

Free-Standing Electric Oven
Yes
Microwave
Yes
Refrigerator
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes
Off Street
Yes

Electric

APS
Yes
Master Meter
Yes

Gas

SW Gas
Yes
Master Meter
Yes
Individual Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Gas
Yes
Trash Collection
Yes
See Remarks
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Conventional
Yes

Reports/Disclosures

Appraisal
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: Duplex; Tri-Plex Other Type: House + Rental Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave; Washer/Dryer Heating: Natural Gas; Individual; Central; Heat Pump; 2 or More Units Cooling: Electric; Heat Pump; Individual; Central Air; 2 or More Units Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Master Meter Gas: SW Gas; Master Meter; Individual Meter Parking Features: 1 Space/Unit; Off Street Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas; Trash Collection; See Remarks Tenant Pays: Cable TV; None Source of Fincl Data: Owner Special: Owner/Agent Status Update: Multiple Offers Recd Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional New Financing: Cash; Conventional; 1031 Exchange Environmental: None
Listing Office: Grayson Real Estate
IDX
Last Updated: April - 08 - 2026
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