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330 N 18TH Avenue

Phoenix, AZ 85007
  • $275,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 6329038
Price Reduced
$275,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1926
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Development opportunity in Oakland Historic District, with tons of new activity happening. The front structure is a fire damaged duplex; with an overlay for 5 units total. Rear units would be newly constructed studios or 1bds. The estimated rent analysis is that 5 units will bring in over 6K per month.The estimated cost of construction to be between 300K - 350K based on finishes.Based on the income of 6K per month with a 15% load, this property completed is estimated to be worth 1 to 1.2 Million based on a 6% cap with a newly constructed back units and a repaired front duplex.Seller is owner/ builder and willing to complete the project on a cost plus if buyer is interested in obtaining plans and construction services.Private financing is available!

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© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Power Realty Group Model Home Center. Data last updated 2022-01-16T00:13:08.85.
www.searchphoenixvalleyrealestate.com/homes/123786561
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330 N 18TH Avenue Phoenix, AZ 85007

  • Price: $275,000
  • Status: Active
  • On Site: 40 Days
  • MLS #: 6329038
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1926
Built
Neighborhood:
Oakland
County:
Maricopa
Area:
Phoenix
Elementary School:
Phoenix Prep Academy
Middle School:
Metro Tech High School
High School:
Metro Tech High School
School District:
001 - Phoenix Elementary District
Property Description
Development opportunity in Oakland Historic District, with tons of new activity happening. The front structure is a fire damaged duplex; with an overlay for 5 units total. Rear units would be newly constructed studios or 1bds. The estimated rent analysis is that 5 units will bring in over 6K per month.The estimated cost of construction to be between 300K - 350K based on finishes.Based on the income of 6K per month with a 15% load, this property completed is estimated to be worth 1 to 1.2 Million based on a 6% cap with a newly constructed back units and a repaired front duplex.Seller is owner/ builder and willing to complete the project on a cost plus if buyer is interested in obtaining plans and construction services.Private financing is available!
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Lot Size Dimensions 8700 Parking Paved Parking Roads Sidewalk(S) Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 500 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 680 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included None Cooling See Remarks Efficiency Unit Avg Sq Ft 475 Efficiency Unit Baths 1 Floors Other Heating See Remarks

Property Features

1 Bedroom Unit Avg Rent 1400.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1600.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 68400.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Efficiency Unit Avg Rent 999.00 Efficiency Units 3 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 72000.00 Hoa YN No Net Operating Income 70973.00 New Financing Other (See Remarks) Operating Exp 1106.00 Other Income 0.00 Owner Pays None Project Type Duplex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 1106.00 Tenant Pays ElectricSewerTrashWater Totl Mnth Rntal Inc 6000.00 Vacancy Allowance 0.05 Water See Remarks Zoning R5

Listing courtesy of My Home Group Real Estate.


© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Power Realty Group Model Home Center. Data last updated 2022-01-16T00:13:08.85.
 
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Power Realty Group Model Home Center
6555 E Southern Ave. #2322
Mesa AZ, 85206