5038 N 18TH Avenue Phoenix, AZ 85015
9 Beds
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Nile Tract Block 1
MLS Listing ID 7090472
Bedrooms 9
Maintenance Fees $1,200
Year Built 1984
Annual Tax Amount $1,615
Tax Year 2025
Lot Dimensions irr
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
The seller reports more than $120,000 in improvements and six rented rooms, with the front house vacant. The seller scheduled mini-split installation in two front-house bedrooms. Buyer to verify installation. Furnishings convey per the agreed personal-property schedule.
The nine-room pro forma projects $94,118 in annual gross potential rent and approximately $55,082 in annual NOI, a projected 10.30% cap rate Three-unit investment offered at $570,000 near Valley Metro Rail at 19th Avenue and Camelback. A main house and duplex total approximately 2,276 SF, configured as three 3BR/1BA units with nine furnished rentable rooms for PadSplit-style operations. Seller reports more than $120,000 in prior improvements, including kitchens, baths, flooring, windows, plumbing, electrical and lighting. Features include separate entrances, coded access and full-size laundry. Seller's October 7 rent report lists five occupied rooms at $805 per month each, totaling $4,025 in scheduled monthly rent; current occupancy and collections require verification. Seller reports missing front-house HVAC; installation has not been confirmed. Property and furnishings convey as-is. Buyer to verify all facts, income, expenses, condition, legal unit/room configuration, permits, zoning and PadSplit requirements. See supplements for additional information.
Location
State AZ
County Maricopa
Community Nile Tract Block 1
Area Maricopa
Zoning [R-3] Multiple
Direction From Camelback Rd, travel north on 19th Ave, east on Colter St, then south on 18th Ave to the property.
Interior
Heating Forced Air, Varies by Unit, Heat Pump, Electric, Natural Gas
Cooling Ceiling Fan(s), See Remarks, Electric, Heat Pump, Varies by Unit
Flooring Vinyl
Appliance Dishwasher, Refrigerator, Free-Standing Gas Oven, Free-Standing Electric Oven, Built-In Gas Oven, Microwave, Washer/Dryer
Exterior
Parking Features Off Street, Free, Add'l Parking Avail, >1 Space Per Unit, On Street
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water Master Meter, City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 156-37-054
Ownership Fee Simple
Acceptable Financing Cash, No Carry, Conventional
Disclosures Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
Listing Terms Cash, No Carry, Conventional
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