$535,000
New price $535,000!Offered at $535,000, this remodeled central Phoenix property includes a main house and duplex with three residential units configured as nine furnished private PadSplit rooms. Each three-bedroom, one-bath unit has a separate exterior entrance and a full-size washer and dryer. The property is approximately 0.2 miles from the 19th Avenue/Camelback light-rail station.
The seller reports more than $120,000 in improvements and six rented rooms, with the front house vacant. The seller scheduled mini-split installation in two front-house bedrooms. Buyer to verify installation. Furnishings convey per the agreed personal-property schedule.
The nine-room pro forma projects $94,118 in annual gross potential rent and approximately $55,082 in annual NOI, a projected 10.30% cap rate Three-unit investment offered at $570,000 near Valley Metro Rail at 19th Avenue and Camelback. A main house and duplex total approximately 2,276 SF, configured as three 3BR/1BA units with nine furnished rentable rooms for PadSplit-style operations. Seller reports more than $120,000 in prior improvements, including kitchens, baths, flooring, windows, plumbing, electrical and lighting. Features include separate entrances, coded access and full-size laundry. Seller's October 7 rent report lists five occupied rooms at $805 per month each, totaling $4,025 in scheduled monthly rent; current occupancy and collections require verification. Seller reports missing front-house HVAC; installation has not been confirmed. Property and furnishings convey as-is. Buyer to verify all facts, income, expenses, condition, legal unit/room configuration, permits, zoning and PadSplit requirements. See supplements for additional information.
9
Beds
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3
Baths
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7090472
MLS
5038 N 18th Avenue, Phoenix