822 E CAROL Avenue, Phoenix, AZ 85020

$845,000
Property Type: Multiple Dwellings Status: Active
Current Price: $845,000 Last Modified: 2/16/2026

Description

This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses. Key Property Highlights Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense. Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membrane—dramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, includi

Supplements: This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses. Key Property Highlights Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense. Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membranedramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, including individual fenced patios and rear yards, increasing tenant satisfaction, retention, and rental demand. Desirable Slump Block Construction, known for its durability, thermal performance, and long-term stabilityideal for long-term investors. One Unit Currently Vacant, already refreshed with new interior paint, 2-inch wood-look faux blinds, and additional cosmetic upgradesperfect for achieving market rent quickly. All Units Feature Ceramic Tile Flooring, ideal for durability, ease of maintenance, and lower turnover costs. Significant Rental Upside, as existing rents are below current market levels for the area. Excellent Transportation Access, located minutes from State Route 51, connecting residents to major employers, hospitals, parks, and Central Phoenix amenities. Why This Fourplex Performs Well as an Investment This asset checks all the boxes for a low-maintenance, high-demand rental investment: Turnkey exterior improvements already completed Individual outdoor spaces that support stronger rent premiums A refreshed vacant unit ready for lease or owner-occupancy Proven long-term construction type Strong local renter demand driven by proximity to transit corridors and employment East Sunnyslope - Phoenix, Arizona Area Overview for Investors & Buyers** East Sunnyslope is one of Phoenix's most established and naturally scenic neighborhoods, positioned at the base of the North Mountain Preserve and offering a unique blend of urban convenience and outdoor lifestyle. Located just minutes from State Route 51, the area provides residents with fast access to Downtown Phoenix, Midtown, the Camelback Corridor, and the broader Valley employment base. Proximity to SR-51 (Highway 51) East Sunnyslope benefits from immediate access to SR-51, one of Phoenix's primary north-south freeways. This corridor significantly reduces commute times to: Downtown Phoenix (approx. 10 minutes) Biltmore Financial District Phoenix Children's Hospital & Medical Cluster Sky Harbor International Airport Scottsdale employment corridors This connectivity is a major reason residents and investors choose the area. Major Employers Near East Sunnyslope While Sunnyslope retains a neighborhood character, it is surrounded by several significant employment hubs that attract renters and long-term residents: Healthcare HonorHealth John C. Lincoln Medical Center A major medical employer and long-standing anchor of the Sunnyslope community. Phoenix Children's Hospital (PCH) - approx. 10 minutes Abrazo Health / Arizona Heart Hospital - via SR-51 access Mayo Clinic Hospital - approx. 15-20 minutes north via SR-51 Healthcare continues to be one of Phoenix's strongest and fastest-growing employment sectors. Government & Education City of Phoenix administrative and service departments Arizona Department of Economic Security Nearby public, charter, and private schools creating local employment stability Corporate & Office Employment Easy SR-51 access puts residents within minutes of: Camelback Corridor financial district Central Avenue business core Midtown office towers and professional services firms Parks, Recreation & Lifestyle East Sunnyslope is known for its natural surroundings and immediate access to outdoor amenities. Popular recreational assets include: North Mountain Park A major regional destination offering hiking, biking, scenic overlooks, and desert trails. The park provides direct mountain access while still being inside city limits. Sunnyslope Park A community-focused park with open green space, sports courts, and family amenities serving local residents. Arizona Canal Multi-Use Path A long, continuous pedestrian and bike path connecting Sunnyslope to Central Phoenix, Biltmore, and East Valley trail systems. Dreamy Draw Recreation Area (via SR-51) A short drive away, it offers additional hiking, shaded canyon spaces, and access to the Phoenix Mountain Preserve. Why East Sunnyslope Appeals to Renters & Investors Urban convenience with mountain views Fast access to major highways Close to hospitals, employment centers, and office corridors Affordable compared to nearby North Central and Biltmore neighborhoods Strong demand from healthcare workers, young professionals, and long-term tenants Mixed housing stock with value-add opportunities

More Information MLS# 6952059

Contract Info

Ownership: Fee Simple Current Price: $845,000 List Price: $845,000 Status: Active List Date: 2025-11-27

Location, Tax & Legal

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 House Number: 822 Compass: E Street Name: CAROL St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85020 Zip4: 2138 County Code: Maricopa Assessor Number: 159-37-078 Tax Year: 2025

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 6 Lot Size Dimensions: irr Flood Zone: TBD Total # of Units: 4 High School District: Glendale Union High School District Year Built: 1977 Zoning: Multi

Legal Info

Range: 3E Section: 28 Township: 3N

Project Type

Four Plex: 1

Construction

Block: 1 Slump Block: 1

Const - Finish

Painted: 1 Other (See Remarks): 1

Roofing

Composition: 1 See Remarks: 1

Floors

Vinyl: 1 Ceramic Tile: 1 Carpet: 1

Sale Includes

Land & Building: 1 Personal Property: 1

Income & Expenses

Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 1783 Annual Land Lse Exp: 0 Annual Landscape Exp: 400 Annual Legal & Acctg: 0 Annual Maint Exp: 1200 Annual Mgmt Exp: 4283 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: 11293 Other Income: 2400 Vacancy Allowance: 0.03 Adjusted Gross Inc: 53544

Pmt & Rate Info

Cap Rate: 4.34 Down Payment: 0 Equity: 975000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

Combo: 1 Other: 1

Community Features

No Pool: 1

Heating

Heat Pump: 1 Individual: 1

Cooling

Ceiling Fan(s): 1 Heat Pump: 1 Individual: 1

Exterior Amenities

Desert Landscaping: 1 Partially Fenced: 1 Cable TV Available: 1 Sidewalk(s): 1 Patio/Balcony: 1

Interior Features

Unfurnished: 1 Fire/Smoke Alarm(s): 1 Mini Blinds: 1

Tenant Pays

Electricity: 1 Cable TV: 1

Appliances Included

Refrigerator: 1 Free-Standing Range: 1

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Projected Proforma: 1

Road Responsibility

City Maintained Road: 1

Water Source

City Franchise: 1 Master Meter: 1

Sewer

Sewer - Public: 1

Parking Features

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

Electric

APS: 1 Individual Meter: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1 No Carry: 1

Existing 1st Loan

Conventional: 1 Treat as Free&Clear: 1

Existing 1st Loan Type

Not Applicable: 1

Existing 1st Loan Terms

Not Applicable: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 2nd Loan Type

Not Applicable: 1

Existing 2nd Loan Terms

Not Applicable: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Existing 3rd Loan Type

Not Applicable: 1

Reports/Disclosures

Seller Prop Disc Stm: 1 APOD/Backup Avaible: 1 Sch of Personal Prop: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

None: 1

Existing Othr Ln Trm

Not Applicable: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 3 Avg Rent: 1200 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 1400 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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). Geo Lat: 33.572538 Geo Lon: -112.062093

Income Expenses

Gross Annual Sch Inc: 52800 Net Operating Income: 42286

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
Listing Office: Gerchick Real Estate
IDX
Last Updated: February - 16 - 2026
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