Viewing Listing MLS# 7055964
$389,700 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85007
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1926Year Built
- 0.00Acres
- 100 yearsEst Age
- MLS# 7055964
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market9 days
- AreaN/A
- CountyMaricopa
- Subdivision Oakland
Overview
Development Potential - Zoned R-5. Duplex built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. Each unit includes 2 bedrooms and 1 bathroom. The property also includes a detached residential garage. Construction is masonry and reinforced concrete tilt up frame. Both units are currently leased and produce rental income. Zoning is R-5 (multiple family residential), and the lot sits directly beside 324 N 18th Ave, a single family home under the same seller. Purchased 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. A developer building to R-5 density standards could redevelop the combined site into as many as 10 rental units, 5 per parcel. Confirm current development standards, parking requirements, and permitted density with the City of Phoenix Planning and Development Department before finalizing a redevelopment plan. Buyer to perform all due diligence.
Agriculture / Farm
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Stucco, Block
Roof: Built-Up, Foam
Exterior Features
Financial
Owner Pays: Trash Collection,Water,Sewer
Gross Income: 23085
Garage / Parking
Parking Features: Add'l Parking Avail, Carport
Interior Features
Flooring: Tile, Laminate, Vinyl
Appliances: Refrigerator, Free-Standing Electric Oven, Washer/Dryer
Lot Info
Lot Size: 59.98 x 144.94 x 60.79 x 144.81
Number of Buildings: 1
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-5
Tax Info
Tax Amount Annual: 928
Unit Info
Total Units: 2
Utilities / Hvac
Water Source: City Franchise
Electric: APS
Cooling: Yes
Cool System: Central Air
Heating: Forced Air, Electric
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Directions
East to 18th Avenue. North on 18th Avenue to property on the left. Look for the sign. Two properties available, 324 and 326 N 18th.
Listings courtesy of Cadaci Realty
MLS# 7056584 
