5038 N 18th Avenue, Phoenix, AZ 85015

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List Price
$570,000
Days on Market
16
Status
ACTIVE
MLS#
7090472
City
Phoenix
Bedrooms
9
Bathrooms
3
Subdivision
Nile Tract Block 1
Year Built
1984

Property Description

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 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.

Additional Information

Community Features
No Pool
Construction
Brick, Painted, Board & Batten Siding
Cooling
Heat Pump, Electric, Varies by Unit, See Remarks, Ceiling Fan(s)
Electric
Individual Meter, SRP
Heating
Electric, Natural Gas, Heat Pump, Varies by Unit, Forced Air
New Financing
Conventional, No Carry, Cash
Parking Features
Free, On Street, >1 Space Per Unit, Off Street
Roofing
Composition
Sewer
Public Sewer
Subdivision
Nile Tract Block 1
Taxes
$1,615
Tax Year
2025
Tenant Pays
None
Units
3
Water
Master Meter, City Franchise
Zoning
[R-3] Multiple

Courtesy of Gerchick Real Estate. 602-688-9279

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