Courtesy of Better Homes & Gardens Real Estate SJ Fowler
Property Description
Palm Square 24 is located at 15th and Camelback, in the heart of Phoenix, just a 1 mile+ to Uptown Plaza & the Melrose District. Addresses include 4819, 4815, & 4811. Under $125,000/door & less than $200/sq ft. Unit mix consists of (8) very large 2 bed units; (10) 1 bed units; & (6) large studio units (15,000 total sq ft). The complex underperformed in 2025 with a low NOI. However, Palm Square 24 is now 100% occupied with $21,200 gross rents in place for August 2026. Forward pro forma close to a 6 CAP. The complex went through many significant renovations over the last 5 years. Many units include in-suite washer/dryer sets & upgraded electrical systems. Lots of storage-additional density potential. Ample parking with carports. Ability to control 1.09 acres in an OZ in Uptown PHX.
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Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Free-Standing Range
- Refrigerator
- Washer/Dryer
- W/D Hookup
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Bathrooms
- 24 total bathrooms
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Bedrooms
- 32 total bedrooms
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Building
- Built in 1958
- 6 buildings
- Construction Materials: Painted, Block
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Community
- Barbecue
- No Pool
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Cooling
- Electric
- Individual
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Disclosures
- Other (See Remarks)
- Seller Prop Disc Stm
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Expenses
- Operating: $76,740
- Other Expense: $69,504
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Floors
- Tile
- Carpet
- Vinyl
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Heating
- Forced Air
- Individual
- Heat Pump
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Income
- Gross Income: $254,400
- Gross ScheduledIncome: $254,400
- Net Operating Income: $177,660
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Listing
- Listing ID: 7072051
- Standard Status: Active
- MLS Status: Active
- 10 days on market
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Location
- Subdivision: COX ESTATES 2
- County/Parish: Maricopa
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Lot
- Dimensions: 1.09 acres
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Owner Pays
- Trash Collection
- Water
- Sewer
- Landscaping
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Parking
- 32 covered spaces
- 8 open parking spaces
- 40 total parking spaces
- >1 Space Per Unit
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Roof
- Composition
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Schools
- Elementary School District: Osborn Elementary District
- High School District: Phoenix Union High School District
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Security Features
- Security Light(s)
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Sewer
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 155-44-069-B
- Public Survey Range: 3E
- Public Survey Section: 19
- Annual Amount: $7,236
- Tax Book Number: 155.00
- Legal Description: LOT 64 COX ESTATES 2 MCR 007242
- Lot: 64
- Parcel Letter: B
- Year: 2025
- Zoning: R-4
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Utilities
- Water Source: City Franchise
- SRP
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This content last updated on September 5, 2026 12:35AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.