5038 N 18TH Avenue, Phoenix, AZ 85015
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5038 N 18TH Avenue, Phoenix, AZ 85015
5038 N 18TH Avenue, Phoenix, AZ 85015
5038 N 18TH Avenue, Phoenix, AZ 85015
5038 N 18TH Avenue, Phoenix, AZ 85015
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Jacquelyn Grant

Jacquelyn Grant

+1(480) 330-3468
$ 570,000
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5038 N 18TH Avenue Phoenix, AZ 85015

9 Beds

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Nile Tract Block 1

MLS Listing ID 7090472

Bedrooms 9

Maintenance Fees $1,200

Year Built 1984

Annual Tax Amount $1,615

Tax Year 2025

Lot Dimensions irr

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Community Nile Tract Block 1

Area Maricopa

Zoning [R-3] Multiple

Direction From Camelback Rd, travel north on 19th Ave, east on Colter St, then south on 18th Ave to the property.

Interior

Heating Forced Air, Varies by Unit, Heat Pump, Electric, Natural Gas

Cooling Ceiling Fan(s), See Remarks, Electric, Heat Pump, Varies by Unit

Flooring Vinyl

Appliance Dishwasher, Refrigerator, Free-Standing Gas Oven, Free-Standing Electric Oven, Built-In Gas Oven, Microwave, Washer/Dryer

Exterior

Parking Features Off Street, Free, Add'l Parking Avail, >1 Space Per Unit, On Street

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water Master Meter, City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 156-37-054

Ownership Fee Simple

Acceptable Financing Cash, No Carry, Conventional

Disclosures Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop

Listing Terms Cash, No Carry, Conventional

Virtual Tour https://tours.arizonarealtours.com/2398212?idx=1

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Gerchick Real Estate • Linda S Gerchick
Jacquelyn Grant

Jacquelyn Grant

Managing Broker BR665611000

+1(480) 330-3468

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