417 N 18TH Drive, Phoenix, AZ 85007
$599,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$599,000
Last Modified:
5/20/2025
Description
Fourplex Investment Opportunity Near Downtown Phoenix - The property includes one 3-bedroom, 1-bath detached home and three 1-bedroom, 1-bath apartments, all with matching layouts. Currently 75% occupied, with the final unit expected to lease soon at $1,250/month. Seller may consider seller carry financing.
More Information MLS# 6868968
Contract Info
Current Price: $599,000
List Price: $599,000
Status: Active
List Date: 2025-05-20
Ownership: Fee Simple
Location Tax Legal
House Number: 417
Compass: N
Street Name: 18TH
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2485
Country: US
County Code: Maricopa
Subdivision: OAKLAND
Assessor Number: 111-24-079
Tax Year: 2024
General Property Description
Lot Size Dimensions: 8,700
Year Built: 1983
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 2
Zoning: R-5
Flood Zone: Yes
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 19th Ave & Van Buren Street
Directions: Take exit 143C for 19th Ave toward Grand Ave Continue on N 19th Ave. Drive to N 18th Dr
Geo Lat: 33.453947
Geo Lon: -112.099006
Status Change Info
Status Change Date: 2025-05-20
Legal Info
Township: 1N
Range: 3E
Section: 6
Lot Number: 5
Income Expenses
Gross Annual Sch Inc: 62400
Net Operating Income: 47128
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1250
Avg SqFt: 400
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1450
Avg SqFt: 700
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Electric Oven; Refrigerator; Disposal
Heating: Individual; Other
Cooling: Other
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; SRP; Individual Meter
Gas: SW Gas; City Gas
Parking Features: On Street
Owner Pays: Water
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; Owner May Carry; 1031 Exchange
Environmental: None
Listing Office: Compass
Last Updated: May - 20 - 2025
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