Properties
Phoenix, AZ 85015 5038 N 18TH Avenue
$725,000
56 more
Presented By: My Home Group Real Estate; 480-685-2760
Home Details
Fully Renovated Triplex - Turnkey Investment Opportunity
This newly renovated 3 unit property consists of a single-family home and a duplex, situated in a high demand rental corridor with strong workforce housing demand!!
The property has been extensively upgraded with new flooring, windows, cabinets, quartz countertops, interior and exterior doors, fresh interior and exterior paint, updated landscaping, stainless steel appliances, lighting and fixtures, and two new water heaters.
The roof and HVAC systems are newer and in excellent condition, helping minimize near term capital expenses. Each unit is individually metered for electricity, simplifying utility management and maximizing cash flow.
Conveniently located within walking distance to the light rail, shopping, supermarkets, and restaurants, making this a perfect rental location that will be consistently occupied.
Presented By: My Home Group Real Estate; 480-685-2760
Interior Features for 5038 N 18TH Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringVinyl
Heating Y/NYes
General for 5038 N 18TH Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.42
Carport Y/NNo
CityPhoenix
Community FeaturesSee Remarks
Construction MaterialsWood Frame, Painted, Brick
CoolingCentral Air, Electric
CountyMaricopa
DirectionsHeading West on Camelback go right (North) on 18th Avenue and property is on the left side of the road.
DisclosuresOther (See Remarks), Seller Prop Disc Stm
ElectricOther (See Remarks), SRP, Individual Meter
Elementary SchoolLongview Elementary School
Elementary School DistrictOsborn Elementary District
Garage Y/NNo
Gross Income52548.0
HeatingForced Air, Heat Pump, Electric
High SchoolCentral High School
High School DistrictPhoenix Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolOsborn Middle School
MobileHomeRemainsYNNo
Net Operating Income46548.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total3
Occupancy TypeTenant
Open Parking Spaces8.0
Operating Expense1615.0
OwnerPaysTrash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Security FeaturesSecurity Light(s)
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNILE TRACT BLOCK 1
Tax Annual Amount1615.0
Tax Lot12
Tax Year2025
Township2N
Virtual TourClick here
Year Built1984
ZoningR-3
Exterior for 5038 N 18TH Avenue
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions137.42 X 60
Number of Buildings2
Parking FeaturesOff Street, Assigned, Add'l Parking Avail, >1 Space Per Unit
Road Surface TypeConcrete
SpaNo
Total Parking8.0
Water SourceMaster Meter, City Franchise
Additional Details
Price History
Schools
Middle School
Osborn Middle School
High School
Central High School
Elementary School
Longview Elementary School
