BEDS5
BATHS
MLS#7055964
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOakland
SCHOOLPhoenix Union High School District
Property Description
Income producing Duplex built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. One 2 bed 1 bath unit and one 1 bed 1 bath unit. The property also includes a detached residential garage. Construction is masonry and reinforced concrete tilt up frame. Both units are currently leased and produce rental income. Zoning is R-5 (multiple family residential), and the lot sits directly beside 324 N 18th Ave, a single family home, that is also rented, producing income. Purchased together, the two parcels total 0.4 acres of R-5 land, positioned for redevelopment into multiple rental units. 324 N 18th Ave and 326 N 18th Ave sit side by side, share R-5 zoning, and total 0.4 acres. Both properties generate income under current use, which lets a buyer hold and collect rent while pursuing entitlements. Buyer to confirm current development standards, parking requirements, and permitted density with the City of Phoenix Planning and Development Department. Buyer to perform all due diligence.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric, Forced Air
Roof Type: Built-Up, Foam
Taxes: $928
Year Built: 1926
Feature Descriptions
Community Features: No Pool
Days on Site: 16
Exterior: Block, Stucco
Parking: Carport
Water: City Franchise
Local Schools
High School: Central High School
Middle School: Capitol Elementary School
Elementary School: Capitol Elementary School
School District: Phoenix Union High School District
Listed By / Shown By
Listed By
Agency Name: Cadaci Realty
Agency Phone: 623-866-4221
Shown By
Agent Name: The Elton Brothers
Agent Phone: (602) 818-7141
Agency Title: Arizona Best Real Estate
Estimate Your Payment
Estimated Payment
$ 1,033.13 per month $845.05 Principal & Interest $77.33 Property Tax $110.75 Homeowner's InsuranceChange Payment Information
The Elton Brothers
Cell: (602) 818-7141
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326 N 18th Avenue | MLS# 7055964
This multi-family property located at 326 N 18th Avenue, Phoenix, AZ 85007 is currently listed for sale with an asking price of $379,700. N 18th Avenue is located within the Phoenix Union High School District school district. Search Phoenix real estate on www.eltonbrothers.com today.