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Residential Investment

Above Average Condition 4-plex 8.36 Cap Rate

811 E. Carol Avenue, Phoenix, Arizona 85020

Sold: $297,000
$112.50 / SF
Updated Sep 30, 2026
Categories Apartments

About this property

TRADITIONAL SALE! Great opportunity for a savvy investor or someone ready to get their feet wet in real estate investing ... OR, live in one unit and rent out the other three! Lots of possibilities here for this great property. Block construction, new roof in 2011, each unit individually metered for electric & Gas, This is a great building and nicely fenced in for privacy. These units have been well maintained. This building has three one bedroom units and one 2 bedroom unit. Good cash flow opportunity. This one won't last ... make your move today! Buyer to Verify all facts, figures Etc prior to COE. Owner has added Stackable Washer and Dryers! Tenants love it! Don't miss this opportunity!

Property details

Property Type
Residential
Building Type
Freestanding
Building Size
2,640 sqft
Land Size
8,581 sqft
Units
4
Sewer
Public
Water
Master Metered Public
Zoning
Multi-FAmily
Electric
Individually Metered
Year Built
1981
Roof
Asphalt Shingle replaced 2011
Laundry
Owner Owned Stacked W/D
Parking
more than one per unit
Construction
Block

Documents 15 files

811-E-Carol-Ave--1.pdf 1.5 MB
811-E-Carol-Ave--2.pdf 1.5 MB
811-E-Carol-Ave--3.pdf 1.4 MB
811-E-Carol-Ave--4.pdf 797 KB
AAI-Loss-History-Letter-Previously-Insured.pdf 64 KB
Income_Statement-811-E-Carol-Ave.pdf 20 KB
June-2016-to-Dec-31-Owners-Statement.PDF 2.0 MB
Letter-of-Experience---Carol-AZ-LLC.pdf 32 KB
Major-Improvements.pdf 119 KB
Recipts-and-warranty-for-Carol.PDF 1.7 MB
Res-1-4-Addendum-to-the-SDPS.PDF 6.8 MB
Res_Inc_Prop_Add_1-4_Units_to_Res_Sellers_Prop_Discl_Statement_-_082007_ts79839.pdf 48 KB
Tax-Records.pdf 227 KB
June-2017-Rent-Role-811-E-Carol.pdf 7 KB
Carol-OM.pdf 1.2 MB

Last updated: Sep 30, 2026

Location

Address
811 E. Carol Avenue
Phoenix, Arizona 85020
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.