4815 N 15th Avenue, Phoenix, AZ 85015
- $2,999,000
- 32
- BD
- 24
- BA
- List Price
- $2,999,000
- Days on Market
- 16
- Status
- ACTIVE
- MLS#
- 7072051
- City
- Phoenix
- Bedrooms
- 32
- Bathrooms
- 24
- Subdivision
- Cox Estates 2
- Year Built
- 1958
Property Description
Palm Square 24 is located at 15th and Camelback, in the heart of Phoenix, just a 1 mile+ to Uptown Plaza & the Melrose District. Addresses include 4819, 4815, & 4811. Under $125,000/door & less than $200/sq ft. Unit mix consists of (8) very large 2 bed units; (10) 1 bed units; & (6) large studio units (15,000 total sq ft). The complex underperformed in 2025 with a low NOI. However, Palm Square 24 is now 100% occupied with $21,200 gross rents in place for August 2026. Forward pro forma close to a 6 CAP. The complex went through many significant renovations over the last 5 years. Many units include in-suite washer/dryer sets & upgraded electrical systems. Lots of storage-additional density potential. Ample parking with carports. Ability to control 1.09 acres in an OZ in Uptown PHX.
Additional Information
- Community Features
- No Pool, Other, Barbecue, See Remarks
- Construction
- Block, Painted
- Cooling
- Electric, Varies by Unit
- Electric
- SRP
- Heating
- Heat Pump, Varies by Unit, Forced Air
- New Financing
- Conventional, Cash
- Parking Features
- >1 Space Per Unit
- Roofing
- Composition
- Subdivision
- Cox Estates 2
- Taxes
- $7,236
- Tax Year
- 2025
- Tenant Pays
- Electricity, See Remarks
- Units
- 24
- Water
- City Franchise
- Zoning
- R-4
Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536
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