For Sale Multi-Family MLS# 7090472

5038 N 18TH Avenue

Phoenix, AZ 85015

$570,000

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Listing Office

Officearizona-regional-mls-rsd logoGerchick Real Estate
AgentLinda S Gerchick
Phone602-688-9279

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About 5038 N 18TH Avenue

Remodeled 3-unit PadSplit investment near Valley Metro Rail at 19th Ave/Camelback. Two buildings total approximately 2,276 SF and are configured as nine furnished rentable rooms across three 3BR/1BA units. Seller reports $120,000+ in improvements, including updated kitchens, baths, flooring, windows, plumbing, electrical, lighting, coded entry and full-size laundry. At $205 per room weekly, underwriting projects $95,202 GPI, $52,820 NOI and a 7.56% cap at the $699,000 asking price after 7% vacancy. Furnishings convey as-is. Buyer to verify all facts, figures, PadSplit operations, permits and compliance.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1984
Original price
$570,000
MLS #
7090472

Interior

Features
Ceiling Fan(s), Electric, Heat Pump, Varies by Unit, Forced Air, Natural Gas, Vinyl
Flooring
Vinyl
Heating
Forced Air, Varies by Unit, Heat Pump, Electric, Natural Gas
Cooling
Ceiling Fan(s), Electric, Heat Pump, Varies by Unit

Exterior & lot

Features
Off Street, Free, Add'l Parking Avail, >1 Space Per Unit, On Street, Parking spaces: 5
Construction
Board & Batten Siding, Painted, Brick, Composition
Roof
Composition
Lot
[R-3] Multiple, 15637054
Parking
Off Street, Free, Add'l Parking Avail, >1 Space Per Unit, On Street

Schools

District
Osborn Elementary District

Utilities

Utilities
Public Sewer, Master Meter, City Franchise
Water
Master Meter, City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$1,615
Tax year
2025
Parcel
15637054

Location

Subdivision
NILE TRACT BLOCK 1
County
Maricopa
Neighborhood
Nile
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Osborn Elementary District
Directions
From Camelback Rd, travel north on 19th Ave, east on Colter St, then south on 18th Ave to the property.

Location

Neighborhood
Nile
Subdivision
NILE TRACT BLOCK 1
School district
Osborn Elementary District

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The Anderson Team · (480) 900-9140

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