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. Construction is masonry and reinforced concrete tilt up frame. Both units are currently leased and produce rental income.… Read More Zoning is R-5 (multiple family residential), and the lot sits directly beside 324 N 18th Ave, single family home, that is also rented, producing income and is also for sale, see MLS 7055892. 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. Read Less
Courtesy of Cadaci Realty 623-866-4221
Listing Snapshot
Days Online
77
Last Updated
Beds
5
Year Built
1926
MLS Number
7055964
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Refrigerator, Free-Standing Electric Oven, Washer/Dryer
Building
Built in 1926, 1 building, Construction Materials: Stucco, Block
Community
No Pool
Cooling
Central Air
Disclosures
Other (See Remarks)
Expenses
Operating: $2,728, Water/Sewer: $1,800
Floors
Tile, Laminate, Vinyl
Heating
Forced Air, Electric
Income
Gross Income: $23,085, Gross ScheduledIncome: $24,300, Net Operating Income: $23,085
Lot
Dimensions: 59.98 x 144.94 x 60.79 x 144.81
Owner Pays
Trash Collection, Water, Sewer
Parking
1 covered spaces, 4 open parking spaces, 5 total parking spaces, Add'l Parking Avail, Carport
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.