$4,495,000
4020 N 12TH Street
Phoenix, AZ 85014
MLS# 7057128

Gated seven-townhome community in Midtown Phoenix with modern architecture and clean desert landscaping.
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Gated seven-townhome community in Midtown Phoenix with modern architecture and clean desert landscaping. Architectural rendering. Private front entry with landscaped walkway and contemporary exterior details. Architectural rendering. Secure front courtyard entrance with low-maintenance design and modern curb appeal. Architectural rendering. Inviting front approach with shaded walkway, privacy wall, and mature landscaping. Architectural rendering of the great room showing open-concept living with natural light and modern finishes. Architectural rendering highlighting the spacious living area with indoor-outdoor flow to the private patio. Architectural rendering of the kitchen with contemporary cabinetry, island seating, and open entertaining layout. Architectural rendering showing a clean modern kitchen design with stainless appliances and generous workspace. Architectural rendering of the dining area positioned between the kitchen and main living space. Architectural rendering of the staircase and entry area showing the home’s modern vertical design. Architectural rendering of the upstairs laundry room with full-size washer and dryer space. Architectural rendering of the open family area with high ceilings, natural light, and flexible living space. Architectural rendering showing the open family room with room for gathering, relaxing, and everyday living. Architectural rendering of the primary bedroom with generous space and a calm neutral design palette. Architectural rendering of the primary suite with natural light and room for a full bedroom furniture layout. Architectural rendering of the primary bathroom with dual vanity, modern cabinetry, and bright finishes. Architectural rendering of secondary bedroom with natural light and flexible use for guests or office space. Architectural rendering of third bedroom with a clean modern finish and efficient layout. Architectural rendering of the secondary full bath with dual sinks and bright contemporary finishes. Rear exterior showing oversized two-car garage access for each townhome. Rear exterior view highlighting the private garage configuration and clean modern building design.

Property Description
Seven-unit townhome portfolio in Encanto Village, one of Midtown Phoenix's most sought-after neighborhoods. Within 10 minutes of major employers, dining, nightlife, professional sports, I-10, SR-51, and SR-202, five major hospitals, and 20 minutes from Sky Harbor. Built in 2021, each 1,779 SF townhome offers 3 bedrooms and 2.5 baths over two levels, with private courtyards, high-end finishes, and two flex areas for work/play. Currently operated as rentals with in-place rents below market, offering meaningful upside in one of the nation's strongest job markets. Each home is individually parceled, allowing an investor to hold the portfolio for income today and later sell units individually at retail. A rare central-Phoenix asset pairing for-sale-quality product with two distinct value paths.

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $4,495,000
List Price: $4,495,000
Status: Active
List Date: 2026-07-21
Location, Tax & Legal
Assessor's Map #: 3
Legal Description (Abbrev): LOT 1 MOLI GARDENS MCR 149321
Assessor's Parcel #: 59
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 110600
Taxes: 3117
Legal: Moli Gardens MCR 1493-21 lots 1-7.
Marketing Name: Moli Gardens
House Number: 4020
Compass: N
Street Name: 12TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5342
Country: US
County Code: Maricopa
Subdivision: MOLI GARDENS
Assessor Number: 118-03-059
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 7
Lot Size Dimensions: 82.17'' x 150.28'
Flood Zone: No
Total # of Units: 7
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: North High School
Year Built: 2021
Zoning: R-4
Legal Info
Range: 3E
Section: 28
Township: 2N
Lot Number: 1
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Built-Up: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 1440
Annual Landscape Exp: 4740
Annual Maint Exp: 22600
Annual Mgmt Exp: 17300
Annual Trash Exp: 2880
Annual Wtr/Swr Exp: 4724
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 2000
Annual Other Expense: 600
Operating Exp: 59401
Other Income: 5422
Vacancy Allowance: 0.05
Adjusted Gross Inc: 241871.9
Pmt & Rate Info
Cap Rate: 3.64
Equity: 4495000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Guard Gate: 1
Interior Features
Fire/Smoke Alarm(s): 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Trash Collection: 1
Landscaping: 1
Other: 1
See Remarks: 1
New Financing
Cash: 1
Cash to Loan: 1
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 7
Avg Rent: 2695
Avg SqFt: 1779
# Baths: 3
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Indian School Rd & N 12th St
Directions: located south of Indian School Rd on 12th St across from Longview Elementary School
Geo Lat: 33.493698
Geo Lon: -112.056553
Income Expenses
Gross Annual Sch Inc: 249180
Net Operating Income: 163700
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Built-Up
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Cable TV Available; Sidewalk(s); Patio/Balcony; Guard Gate
Interior Features: Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: Individual Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: Garage; >1 Space Per Unit; Add'l Parking Avail; Paved
Road Surface Type: Asphalt
Owner Pays: Trash Collection; Landscaping; Other; See Remarks
Tenant Pays: Water; Sewer; Electricity; Cable TV
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Cash to Loan; Conventional; 1031 Exchange
Environmental: None
IDX
Listing Office: HANABEE

Last Updated: July - 22 - 2026

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