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, a single family home, that is also rented, producing income and can be purchased, 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
24
Last Updated
Property Type
Multiple Dwellings
Beds
3
Year Built
1926
MLS Number
7055964
30 Days Snapshot Of 85007
$521k
-15%
(avg) sold price
8
+14%
homes sold
94
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Free-Standing Electric Oven, Washer/Dryer
Building
Built in 1926, Construction materials: Stucco, Block, 2 total units
Cooling
Central Air
Expenses
Water sewer: $1,800
Floors
Tile, Laminate, Vinyl
Heating
Forced Air, Electric
Parking
Add'l Parking Avail, Carport, 5 total parkings
Property
Zoning: R-5
Roof
Built-Up, Foam
Sewer
Public Sewer
Taxes
Annual amount: $928, Lot: 15
Utilities
APS
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