4020 S 15TH Street, Phoenix, AZ 85040 (MLS# 6972364)

4020 S 15TH Street, Phoenix, AZ 85040

$785,000

Property Type: Multiple Dwellings Status: Active

Current Price: $785,000 Last Modified: 6/12/2026

Overview

Description

Turnkey income property featuring a fully remodeled duplex plus two brand-new mobile homes! Offering immediate rental income with ALL units ALREADY OCCUPIED! The duplex has been completely updated with new tile flooring, interior and exterior paint, new AC units, and modern kitchens with new cabinets, dishwashers, and in-unit washer and dryers, all with modern finishes throughout. Each unit offers a functional two-story layout with spacious living, dining, and kitchen areas, a half bath on the main level, and three bedrooms with two full baths upstairs. The property also includes two new mobile homes with two primary bedrooms, modern finishes, and in-unit laundry. Gated access with remote control! and 8 uncovered parking spaces. Ideal for investors seeking a stabilized, turnkey asse

Listing Details MLS# 6972364

Location, Tax & Legal

House Number: 4020
Compass: S
Street Name: 15TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1320
Country: US
County Code: Maricopa
Subdivision: NORMAN ACRES
Assessor Number: 113-27-019
Tax Year: 2024
Assessor's Map #: 27
Legal Description (Abbrev): NORMAN ACRES LOT 1 BLK 2 N 135.59'
Assessor's Parcel #: 19
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 115300
Taxes: 819
Legal: NORMAN ACRES LOT 1 BLK 2 N 135.59'
Marketing Name: Norman Acres

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 10,450
Year Built: 2007
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 3
Zoning: R4
Flood Zone: No

Remarks Misc

Cross Street: Broadway/16th Street

Legal Info

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

Income Expenses

Gross Annual Sch Inc: 94800
Net Operating Income: 36000

More Information

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1450
Avg SqFt: 850
# Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: 2
Avg Rent: 2300
Avg SqFt: 1200
# Baths: 3

Project Type

Duplex: Yes
Mobile Home Park: Yes

Other Type

Other (See Remarks): Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes
Personal Property: Yes

Income & Expenses

Annual Elec Exp: 7800
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Maint Exp: 0
Annual Trash Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 9819
Other Income: 0
Vacancy Allowance: 0.5
Adjusted Gross Inc: 47400
Total Monthly Rental Income: 7900

Pmt & Rate Info

Cap Rate: 4.56
Equity: 790000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes

Tenant Pays

None: Yes

Appliances Included

Built-In Electric Oven: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes
Dirt: Yes
Gravel: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

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

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Trash Collection: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex; Mobile Home Park Other Type: Other (See Remarks) Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Sidewalk(s); Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Built-In Electric Oven; Refrigerator; Microwave; Washer/Dryer Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: >1 Space Per Unit; Add'l Parking Avail; Other Road Surface Type: Gravel; Dirt; Asphalt Owner Pays: Water; Electric; Trash Collection Tenant Pays: None Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Valley Views RE

Last Updated: June - 12 - 2026