Properties

Phoenix, AZ 85020 822 E CAROL Avenue

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Presented By: Gerchick Real Estate; 602-688-9279
  • MLS# 6952059
  • 11/27/2025
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Home Details

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 ยผ-inch crushed granite and the proper underlying weed-control membrane--dramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, includi 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 ยผ-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
Presented By: Gerchick Real Estate; 602-688-9279

Interior Features for 822 E CAROL Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringCarpet, Ceramic Tile, Vinyl
Heating Y/NYes

General for 822 E CAROL Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.32
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Block, Slump Block
CoolingCeiling Fan(s), Heat Pump, Individual
CountyMaricopa
DirectionsHead 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 cros
DisclosuresSeller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
ElectricAPS, Individual Meter
Electric Expense0.0
Fuel Expense0.0
Garage Y/NNo
Gross Income53544.0
HeatingIndividual, Heat Pump
High School DistrictGlendale Union High School District
Insurance Expense1783.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense1200.0
MobileHomeRemainsYNNo
Net Operating Income42286.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces6.0
Operating Expense11293.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition, See Remarks
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount927.0
Tax Lot0
Tax Year2025
Township3N
Trash Expense0.0
Virtual TourClick here
Water Sewer Expense2300.0
Year Built1977
ZoningMulti

Exterior for 822 E CAROL Avenue

Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensionsirr
Number of Buildings1
Parking FeaturesPaved, Free, 1 Space/Unit, On Street
Road Surface TypeAsphalt
SpaNo
Total Parking6.0
Water SourceMaster Meter, City Franchise

Additional Details

Price History

Connect Realty

Price $795,000
MLS#6952059
List Date 11/27/2025
Property Type Multi-Family
Phone 888.795.6274
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