Properties
Phoenix, AZ 85007 421 N 18TH Drive
$375,000
1 more
Presented By: McMath Realty LLC; 602-340-1222
Home Details
Ideal triplex for investors seeking strong cash flow and reliable monthly income. Zero vacancy the past 7+ years! Located just minutes from Downtown and freeway access. Two 2-bedroom, 1 bath units and one studio. Each unit individually metered for electricity. In-unit laundry! NEW ROOF IN 2025! Large lot provides room for expansion. While fully occupied and positioned for immediately cash flow, there is value-add opportunity here. Great investment as-is with attractive potential.
Presented By: McMath Realty LLC; 602-340-1222
Interior Features for 421 N 18TH Drive
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile, Laminate
Heating Y/NYes
General for 421 N 18TH Drive
Additional Parcels Y/NNo
Attached Garage No
Cap Rate7.8
Carport Y/NNo
CityPhoenix
Community FeaturesOther
Construction MaterialsPainted, Stucco, Block
CoolingCentral Air, Ceiling Fan(s), Electric, Heat Pump, Individual
CountyMaricopa
DirectionsNorth on 19th Ave from Van Buren. West on Polk St. North on 18th Dr.
DisclosuresSeller Prop Disc Stm
ElectricAPS, Individual Meter
Elementary SchoolCapitol Elementary School
Elementary School DistrictPhoenix Elementary District
Garage Y/NNo
Gross Income32400.0
HeatingIndividual, Central, Heat Pump, Electric
High SchoolMetro Tech High School
High School DistrictPhoenix Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolCapitol Elementary School
MobileHomeRemainsYNNo
Net Operating Income29240.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total3
Occupancy TypeTenant
Open Parking Spaces0.0
Operating Expense3974.0
OwnerPaysTrash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofFoam
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameOAKLAND
Tax Annual Amount814.0
Tax Lot6
Tax Year2025
Township1N
Water Sewer Expense3160.0
Year Built1926
ZoningR-5
Exterior for 421 N 18TH Drive
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions8700 sq ft
Number of Buildings1
Parking FeaturesOn Street
Road Surface TypeAsphalt
SpaNo
Total Parking0.0
Water SourceCity Franchise
Additional Details
Price History
Schools
High School
Metro Tech High School
Middle School
Capitol Elementary School
