5812 N 12TH Street 17, Phoenix, AZ 85014, Phoenix, 85014 - 2 bed, 2 bath
Loading property details...
Phoenix, AZ 85014
This High-Potential Investment Opportunity is a turnkey townhome listed at $505,000, positioned slightly above the $494,282 Fair Market Value. Featuring a Mint Condition Rating, this property includes recent upgrades like a newer HVAC, water heater, and remodeled baths. With a tenant in place through 2026 and a rare 2.6% assumable VA loan plus a 1/0 interest rate buydown, it offers immediate, stable cash flow. This asset is perfectly suited for Buy-and-Hold Investors or long-term wealth builders seeking a low-maintenance, income-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5812 N 12TH Street 17 Subject | $505,000* List Price | 2 | 2 | 1,879 | $263 | - |
A 6516 N 10TH Place Sold | $469,000 | 3 | 3 | 1,883 | $249 | 0.6 mi |
B 6026 N 11TH Street Sold | $495,000 | 3 | 2 | 1,766 | $280 | 0.1 mi |
C 6026 N 11TH Street Sold | $495,000 | 3 | 2 | 1,766 | $280 | 0.1 mi |
D 6509 N 10TH Place Sold | $450,000 | 3 | 3 | 1,883 | $239 | 0.6 mi |
E 6126 N 12TH Way Sold | $430,000 | 3 | 2 | 1,946 | $221 | 0.3 mi |
F 6516 N 10TH Place Sold | $469,000 | 3 | 3 | 1,883 | $249 | 0.6 mi |
G 5825 N 12TH Street 4 Active Under Contract | $539,000 List Price | 3 | 3 | 1,939 | $278 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1979, the property has undergone recent comprehensive renovations including remodeled bathrooms, luxury wood-look flooring, and travertine tile. Critical systems are updated with a newer HVAC, water heater, electrical repairs, and a roof reseal, placing it in mint, move-in ready condition with no deferred maintenance.
The property offers a rare 2.6% assumable VA loan and a 1/0 interest rate buydown incentive, providing significant monthly savings and a competitive edge in the current high-rate market.
With a tenant in place through October 2026, this townhome provides immediate, guaranteed rental income for investors looking for a stable asset in a prime gated community.
The home features high-value recent improvements including a newer HVAC system, water heater, roof reseal, and remodeled bathrooms, significantly reducing future capital expenditure for the buyer.
The existing lease agreement through late 2026 makes this property unsuitable for primary residence buyers who need to move in immediately or within the next two years.
Despite interior updates, the 1979 construction date suggests that underlying community infrastructure and common areas may require ongoing maintenance typical of older developments.
SEE BUYDOWN & ASSUMABLE LOAN DETAILS BELOW. This beautifully updated 2 bed, 2 bath townhome with oversized loft/flex space in the gated prime Central Phoenix community delivers immediate income with tenant in place through 10/31/2026. Features soaring ceilings, travertine floors, upgraded electric fireplace, bar area, & a split master downstairs leading out to a private oversized paver patio framed by mature 40-year-old palm trees! Remodeled baths include new double vanity in the primary & new sink/shower fixtures upstairs. Spacious loft with balcony. Recent upgrades: luxury wood look flooring, newer HVAC, water heater, roof reseal, electrical repairs, irrigation system, & epoxy-finished 2-car garage. Enjoy community pool, lush grounds, & a prime midtown location near SR51. Assumable V loan at 2.6% if qualified! Additionally, our participating lender is currently offering a one-year temporary 1/0 buydown incentive through June 30, 2026, for qualified buyers using eligible Conventional, FHA, or VA financing. A 1/0 buydown temporarily reduces the note rate by 1% during the first 12 months of the loan. Subject to lender approval, buyer qualification, and program guidelines. Photos are from before tenant move in.
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades 5-8 • 0.8 mi
Grades 9-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 46% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,879 | 1,801 | 69% |
| Lot Size | 3,237 | 1,807.5 | 73% |
| Price | $505.0K | $263.5K | 87% |
| Price per sq ft | $269 | $248 | 60% |
| Built year | 1979 | 1974 | 56% |
| HOA | $230 | $278 | 33% |
| Days on market | 9 | 1426 | 2% |
May 28, 2026
$505,000
Initial Listing