822 E Carol Avenue | Phoenix, AZ 85020

Offered at $749,000 | Four occupied residences

822 E Carol Avenue is a fully occupied, well-maintained fourplex positioned at the end of a quiet cul-de-sac in East Sunnyslope. The property consists of three one-bedroom units and one two-bedroom unit and combines durable slump-block construction, ceramic tile interiors, private fenced patios and rear yards, and a new asphalt-shingle roof with a transferable warranty.

Current rents remain below the normalized market-rent assumptions, creating measurable upside as leases renew naturally. The property provides immediate in-place income with a practical path toward stronger future returns while preserving occupancy.

Located minutes from SR-51, the property offers convenient access to the Biltmore Financial District, Midtown, Downtown Phoenix, major healthcare employers and the broader Central Phoenix employment base.

Key Property Highlights

• • 100% physically occupied fourplex
  • Three one-bedroom units and one two-bedroom unit
  • New asphalt-shingle roof with transferable warranty
  • Durable slump-block construction
  • Ceramic tile flooring throughout
  • Private fenced patios and rear yards
  • Low-maintenance desert landscaping
  • Current rents below normalized market assumptions
  • RUBS and utility reimbursements in place
  • Quiet cul-de-sac location
  • Convenient access to SR-51
  • No seller financing

Why This Fourplex Performs Well as an Investment

822 E Carol Avenue combines immediate income with measurable rental upside. All four units are currently occupied, allowing a purchaser to acquire an operating property without initial lease-up exposure. Existing rents may be moved thoughtfully toward market levels at natural lease renewals while protecting tenant retention and occupancy.

The new roof, durable slump-block construction, ceramic tile interiors, private outdoor areas and low-maintenance landscaping help reduce near-term capital requirements and support long-term ownership.