Courtesy of AZREAPM
Property Description
Welcome to this beautifully remodeled 4-plex located in the heart of vibrant Midtown Phoenix, currently operating as a successful CASH FLOWING Airbnb! Each unit has been thoughtfully updated with modern finishes while maintaining the charm of the original architecture. The spacious and well-maintained grounds offer ample parking and a community courtyard for relaxation. The location is ideal for short-term rentals, with close proximity to downtown Phoenix, popular local eateries, art galleries, and public transit. Whether for long-term tenants or vacationers, this 4-plex provides high rental demand in one of the city’s most desirable areas.Currently being utilized as a successful Airbnb, this property generates consistent income with a strong track record of bookings, making it a perfect investment opportunity. Gross Profits for 2024 were $121,606, additional opportunity to potentially add additional units, single level, No HOA, LOW TAXES of $1490 for 2024. Biltmore/Arcadia Adjacent! ALL FURNITURE IS INCLUDED! Shared laundry on site! Don’t miss out on this exceptional property in one of Phoenix’s most sought-after neighborhoods!
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Free-Standing Range
- Disposal
- Refrigerator
- Microwave
- Washer/Dryer
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Bathrooms
- 4 total bathrooms
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Bedrooms
- 5 total bedrooms
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Building
- Built in 1946
- 2 buildings
- Construction Materials: Painted, Block, Brick
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Community
- Barbecue
- Play Area
- No Pool
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Cooling
- Central Air
- Ceiling Fan(s)
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Disclosures
- Seller Prop Disc Stm
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Expenses
- Electric: $5,841.35
- Fuel: $1,407.02
- Gardener: $755
- Insurance: $2,300
- Maintenance: $13,013
- Operating: $60,837.4
- Water/Sewer: $3,121
- Other Expense: $32,909
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Floors
- Concrete
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Heating
- Central
- Electric
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Income
- Gross Income: $121,606
- Gross ScheduledIncome: $121,606
- Net Operating Income: $61,771
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Listing
- Listing ID: 6810283
- Standard Status: Active
- MLS Status: Active
- 588 days on market
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Location
- Subdivision: CAROLYN PLACE
- County/Parish: Maricopa
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Lot
- Dimensions: 12,929
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Owner Pays
- Gas
- Electricity
- Trash Collection
- Water
- Sewer
- Cable TV
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Parking
- 6 open parking spaces
- 6 total parking spaces
- Paved
- Add’l Parking Avail
- 1 Space/Unit
- On Street
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Roof
- Composition
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Schools
- Elementary School: Longview Elementary School
- Elementary School District: Osborn Elementary District
- Middle School: Longview Elementary School
- High School: Central High School
- High School District: Phoenix Union High School District
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Security Features
- Security Alarm(s)
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Sewer
- Sewer-In & Connected
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 155-14-015
- Public Survey Range: 3E
- Public Survey Section: 21
- Annual Amount: $1,491
- Tax Book Number: 155.00
- Legal Description: CAROLYN PL LOT 47 E 29′ & W 27′ OF LOT 48
- Lot: 47
- Year: 2024
- Zoning: R-3
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Utilities
- Water Source: Individual Meter, City Franchise
- APS
- Individual Meter
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This content last updated on September 5, 2026 5:58AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.