BEDS9
BATHS
MLS#7090472
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONNILE TRACT BLOCK 1
SCHOOLPhoenix Union High School District
Property Description
Remodeled 3-unit PadSplit investment near Valley Metro Rail at 19th Ave/Camelback. Two buildings total approximately 2,276 SF and are configured as nine furnished rentable rooms across three 3BR/1BA units. Seller reports $120,000+ in improvements, including updated kitchens, baths, flooring, windows, plumbing, electrical, lighting, coded entry and full-size laundry. At $205 per room weekly, underwriting projects $95,202 GPI, $52,820 NOI and a 7.56% cap at the $699,000 asking price after 7% vacancy. Furnishings convey as-is. Buyer to verify all facts, figures, PadSplit operations, permits and compliance.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Heat Pump, Electric, Varies by Unit, See Remarks, Ceil
Heating: Electric, Natural Gas, Heat Pump, Varies by Unit, Forc
Roof Type: Composition
Taxes: $1,615
Year Built: 1984
Feature Descriptions
Community Features: No Pool
Days on Site: 1
Exterior: Brick, Painted, Board & Batten Siding
Parking: Free, On Street, >1 Space Per Unit, Off Street
Sewer: Public Sewer
Water: Master Meter, City Franchise
Local Schools
School District: Phoenix Union High School District
Listed By / Shown By
Listed By
Agency Name: Gerchick Real Estate
Agency Phone: 602-688-9279
Shown By
Agent Name: Lisa Shevy
Agent Phone: (480) 309-4259
Agency Title: Arizona Best Real Estate
Estimate Your Payment
Estimated Payment
$ 1,569.41 per month $1,268.57 Principal & Interest $134.58 Property Tax $166.25 Homeowner's Insurance
5038 N 18th Avenue | MLS# 7090472
This multi-family property located at 5038 N 18th Avenue, Phoenix, AZ 85015 is currently listed for sale with an asking price of $570,000. N 18th Avenue is located within the Phoenix Union High School District school district. Search Phoenix real estate on lshevy.arizonabest.com today.