4028 S 15TH Street, Phoenix, AZ 85040
$1,235,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,235,000
Last Modified:
4/22/2026
Description
Turnkey investment opportunity with ALL 9 units ALREADY OCCUPIED! featuring a fully remodeled multi-building INCOME property with modern finishes throughout. Gated entry with remote access, plus ample parking with both covered and uncovered spaces. Well-maintained and ready for continued cash flow. Building One includes three apartments: one 2 bed/2 bath and two 1 bed/1 bath units, all with kitchens and W/D hookups. Buildings Two and Three offer four identical 1 bed/1 bath units with living rooms, kitchens, W/D hookups, and private back patioS! The property also includes two newer mobile homes with primary bedrooms, en-suite baths, and W/D hookups.
More Information MLS# 6972367
Contract Info
Current Price: $1,235,000
List Price: $1,235,000
Status: Active
List Date: 2026-01-21
Ownership: Fee Simple
Location Tax Legal
House Number: 4028
Compass: S
Street Name: 15TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1380
Country: US
County Code: Maricopa
Subdivision: NORMAN ACRES
Assessor Number: 113-27-020
Tax Year: 2024
General Property Description
Lot Size Dimensions: 13,572
Year Built: 1961
Uncvrd Parking Spcs: 6
Total # of Units: 9
# of Buildings: 5
Zoning: R-4
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
High School: South Mountain High School
Remarks Misc
Cross Street: BROADWAY & 16TH ST.
Geo Lat: 33.409289
Geo Lon: -112.0497
Legal Info
Township: 1N
Range: 3E
Section: 21
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 96607
Net Operating Income: 133200
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 5
Avg Rent: 1550
Avg SqFt: 750
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1767
Avg SqFt: 883
# Baths: 2
Property Features
Project Type: 5 - 12 Units
Other Type: House + Rental Units
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Personal Property
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Security Light(s)
Interior Features: Fire/Smoke Alarm(s)
Appliances Included: Built-In Electric Oven; Refrigerator; Microwave; Washer/Dryer; W/D Hookup
Cooling: Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; >1 Space Per Unit; Assigned; Free; See Remarks
Road Surface Type: Gravel; Concrete
Owner Pays: Water; Electric; Trash Collection; See Remarks
Tenant Pays: Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: Supra; Other
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Valley Views RE
Last Updated: April - 22 - 2026
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