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(602) 769-4725
Real Estate Company
5038 N 18th Avenue, Phoenix, AZ 85015
- $570,000
- 9
- BD
- 3
- BA
- List Price
- $570,000
- Status
- ACTIVE
- Days on Market
- 11
- MLS#
- 7090472
- Subtype
- Multiple Dwellings
- Year Built
- 1984
- Bedrooms
- 9
- Bathrooms
- 3
- Subdivision
- Nile Tract Block 1
Property Description
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.
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Additional Information
- Taxes
- $1,615
- Zoning
- [R-3] Multiple
- Appliances
- Refrigerator, Dishwasher, Microwave, Washer/Dryer, Built-In Gas Oven, Free-Standing Gas Oven, Free-Standing Electric Oven
- Heating
- Electric, Natural Gas, Heat Pump, Varies by Unit, Forced Air
- Air Conditioning
- Heat Pump, Electric, Varies by Unit, See Remarks, Ceiling Fan(s)
- Exterior Construction
- Brick, Painted, Board & Batten Siding
- Parking Features
- Free, On Street, >1 Space Per Unit, Off Street
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Listing courtesy of Listing Agent: Linda S Gerchick (602-688-9279) from Listing Office: Gerchick Real Estate.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.