$1,399,000
Phoenix, AZ 85016
MLS# 6938581
Status: UCB (Under Contract-Backups)
1 / 21
Property Description
This pristine seven unit complex is located in the coveted 85016 zip code on a quiet, dead-end street. 7.68 CAP on actual numbers. High-quality new construction across the street. This pocket is arguably one of the nicest you will find in Phoenix. In close proximity to the Biltmore Corridor, Arcadia Lite, PHX Children's Hospital & PHX Country Club. Premium rental market. Stabilized 7.68 CAP with 100% occupancy (master leased to 9/30/2027)-hard to match this! Completely renovated a few years ago from top-to-bottom. Upgrades include, but are not limited to, plumbing/electrical/HVACs/roofs/windows/carpentry/landscaping & more. All 1 bedroom units (507 sf +/-) over three single-story buildings. 11,382 sf lot. R-3 zoning. 1954 build. T-12 in documents.
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $1,399,000
List Price: $1,399,000
Status: UCB (Under Contract-Backups)
List Date: 2025-10-23
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): HOME AC LOT 22 S2
Assessor's Parcel #: 130
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110701
Taxes: 2617
Legal: HOME AC LOT 22 S2
Marketing Name: Coveted 85016-7.67 CAP
House Number: 3330
Compass: N
Street Name: 18TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 7142
County Code: Maricopa
Subdivision: HOME ACRES
Assessor Number: 119-32-130
Tax Year: 2024
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 9
Lot Size Dimensions: 11382 sf
Flood Zone: No
Total # of Units: 7
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Year Built: 1954
Zoning: R-3
Legal Info
Range: 3E
Section: 27
Township: 2N
Lot Number: 22
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Other: 1
Sale Includes
Building(s) Only: 1
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 14929
Operating Exp: 17546
Other Income: 2464
Vacancy Allowance: 0.03
Adjusted Gross Inc: 121121.96
Total Monthly Rental Income: 10200
Pmt & Rate Info
Cap Rate: 7.68
Equity: 1399000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
Barbecue: 1
Other: 1
Heating
Forced Air: 1
Heat Pump: 1
Electric: 1
Individual: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Individual: 1
See Remarks: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Security Light(s): 1
Other (See Remarks): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Gas Oven: 1
Microwave: 1
Refrigerator: 1
Other: 1
See Remarks: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
1 Space/Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 7
Avg Rent: 1471
Avg SqFt: 507
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Osborn & 16th St
Directions: Just south off Osborn. Hwy 51 is 1/2 mile east (but exit @ Thomas) or 16th/Osborn east.
Geo Lat: 33.486917
Geo Lon: -112.044028
Income Expenses
Gross Annual Sch Inc: 122404
Net Operating Income: 107424
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Other
Sale Includes: Building(s) Only; Other (See Remarks)
Community Features: Barbecue; Other
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Security Light(s); Other (See Remarks)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Other (See Remarks)
Appliances Included: Free-Standing Gas Oven; Refrigerator; Dishwasher; Disposal; Microwave; Other; See Remarks
Heating: Forced Air; Individual; Heat Pump
Cooling: Electric; Heat Pump; Individual; Central Air; See Remarks
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: 1 Space/Unit; Add'l Parking Avail; Paved
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping; See Remarks
Tenant Pays: Electricity; Other (See Remarks)
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional
Environmental: None
T12-3330 N 18th_Seller 
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: January - 13 - 2026
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