732 E CAROL Avenue, Phoenix, AZ 85020 (MLS# 6942839)

732 E CAROL Avenue, Phoenix, AZ 85020

$1,100,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,100,000 Last Modified: 12/18/2025

Description

Brand New Construction... each unit is over 1600 sqft with 3 beds, 2 baths with a 1 bed 1 bath casita or easily have 6 units bringing over 7200/mo. in gross rents. this property can be either a 4,5 or 6 unit building depending on needs.

More Information MLS# 6942839

Contract Info

Ownership: Fee Simple Current Price: $1,100,000 List Price: $1,100,000 Status: Active List Date: 2025-11-04

Location, Tax & Legal

Assessor's Map #: 37 Legal Description (Abbrev): LOT 14 TENGEN PLACE MCR 002040 Assessor's Parcel #: 73 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 104701 Taxes: 418 Legal: LOT 14 TENGEN PLACE MCR 002040 Marketing Name: Tengen Place House Number: 732 Compass: E Street Name: CAROL St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85020 Zip4: 2112 County Code: Maricopa Subdivision: TENGEN PLACE Assessor Number: 159-37-073 Tax Year: 2024

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 6 Lot Size Dimensions: 75x145 Flood Zone: No Total # of Units: 4 High School District: Glendale Union High School District Year Built: 2025 Zoning: R-3

Legal Info

Range: 3E Section: 28 Township: 3N Lot Number: 14

Project Type

Duplex: 1 Tri-Plex: 1 Four Plex: 1 5 - 12 Units: 1

Construction

Wood Frame: 1

Const - Finish

Stucco: 1

Roofing

Composition: 1

Floors

Laminate: 1

Sale Includes

Land & Building: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 418 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 82080

Pmt & Rate Info

Cap Rate: 7.04 Equity: 1050000 Down Payment %: 20 Monthly Payments: 5144 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Phone Call: 1

Lockbox Type

Supra: 1

Community Features

Barbecue: 1

Heating

Heat Pump: 1

Cooling

Heat Pump: 1 2 or More Units: 1

Exterior Amenities

Partially Fenced: 1

Tenant Pays

Cable TV: 1

Appliances Included

Built-In Gas Oven: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Washer/Dryer: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

>1 Space Per Unit: 1

Electric

APS: 1

Gas

SW Gas: 1

Owner Pays

Water: 1 Sewer: 1 Electric: 1 Gas: 1 Trash Collection: 1 Landscaping: 1

New Financing

Cash: 1 Conventional: 1 FHA: 1

Reports/Disclosures

Appraisal: 1 Development Plan Avl: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 2 Avg Rent: 1150 Avg SqFt: 500 # Baths: 1

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

# 3 Bedroom Units: 2 Avg Rent: 1850 Avg SqFt: 1200 # Baths: 2

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: 7th street and carol ave Directions: east to house Geo Lat: 33.572549 Geo Lon: -112.063831

Income Expenses

Gross Annual Sch Inc: 86400 Net Operating Income: 73872

Property Features

Project Type: Duplex; Tri-Plex; Four Plex; 5 - 12 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Laminate Sale Includes: Land & Building Community Features: Barbecue Exterior Amenities: Partially Fenced Appliances Included: Built-In Gas Oven; Refrigerator; Disposal; Microwave; Washer/Dryer Heating: Heat Pump Cooling: Heat Pump; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping Tenant Pays: Cable TV Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Phone Call Lockbox Type: Supra New Financing: Cash; FHA; Conventional Environmental: None

Listing Office: Your Home Sold Guaranteed Realty

Last Updated: December - 18 - 2025