$725,000
Phoenix, AZ 85015
MLS# 6990428
1 / 61
Property Description
** Opportunity Zone Investment Opportunity ** Fully Renovated Triplex This newly renovated 3 unit property consists of a single-family home and a duplex, situated in a high demand rental corridor with strong workforce housing demand!! The property has been extensively upgraded with new flooring, dual pane windows, cabinets, quartz countertops, interior and exterior doors, fresh interior and exterior paint, updated landscaping, stainless steel appliances, lighting and fixtures, and two new water heaters. The roof and HVAC systems are in excellent condition, helping minimize near term capital expenses. Each unit is individually metered for electricity, simplifying utility management and maximizing cash flow. Conveniently located within walking distance to the light rail, shopping,
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $725,000
List Price: $725,000
Status: Active
List Date: 2026-02-26
Location, Tax & Legal
Assessor's Map #: 37
Legal Description (Abbrev): NILE TR LOTS 12 & 13 N 60' OF S 120' OF N 300' OF FOL DESC BEG ON S LI LOT 12 AT PT 80' E OF SW
Assessor's Parcel #: 54
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 107400
Taxes: 1615
Legal: NILE TR LOTS 12 & 13 N 60' OF S 120' OF N 300' OF FOL DESC BEG ON S LI LOT 12 AT PT 80' E OF SW
Marketing Name: Camelback Investments
House Number: 5038
Compass: N
Street Name: 18TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 3335
County Code: Maricopa
Subdivision: NILE TRACT BLOCK 1
Assessor Number: 156-37-054
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 137.42 X 60
Total # of Units: 3
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: Central High School
Year Built: 1984
Zoning: R-3
Legal Info
Range: 3E
Section: 18
Township: 2N
Lot Number: 12
Project Type
Tri-Plex: 1
Four Plex: 1
Other Type
House + Rental Units: 1
Construction
Wood Frame: 1
Brick: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1615
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 52548
Total Monthly Rental Income: 4379
Pmt & Rate Info
Cap Rate: 6.42
Equity: 725000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
Combo: 1
See Private Remarks: 1
Community Features
See Remarks: 1
Heating
Forced Air: 1
Heat Pump: 1
Electric: 1
Cooling
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Cable TV Available: 1
Sidewalk(s): 1
Security Light(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Built-In Electric Oven: 1
Built-In Gas Oven: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
W/D Hookup: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Add'l Parking Avail: 1
Assigned: 1
Off Street: 1
Electric
SRP: 1
Individual Meter: 1
Other (See Remarks): 1
Gas
SW Gas: 1
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Cash to Loan: 1
Conventional: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Private: 1
Existing 1st Loan Terms
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Other (See Remarks): 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1527
Avg SqFt: 850
# Baths: 3
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Camelback & 19th Avenue
Directions: Heading West on Camelback go right (North) on 18th Avenue and property is on the left side of the road.
Geo Lat: 33.510821
Geo Lon: -112.097788
Income Expenses
Gross Annual Sch Inc: 52548
Net Operating Income: 46548
Property Features
Project Type: Tri-Plex; Four Plex
Other Type: House + Rental Units
Construction: Wood Frame; Brick
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: See Remarks
Exterior Amenities: Desert Landscaping; Cable TV Available; Sidewalk(s); Security Light(s)
Appliances Included: Built-In Electric Oven; Built-In Gas Oven; Dishwasher; Disposal; Microwave; W/D Hookup
Heating: Forced Air; Heat Pump
Cooling: Electric; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter; Other (See Remarks)
Gas: SW Gas; Other (See Remarks)
Parking Features: >1 Space Per Unit; Add'l Parking Avail; Assigned; Off Street
Road Surface Type: Concrete
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Special: Owner/Agent
Showing Notification Methods: Text; Phone Call
Lockbox Type: Combo; See Private Remarks
Existing 1st Loan: Private
Existing 1st Loan Terms: Not Applicable
New Financing: Cash; Cash to Loan; Conventional; 1031 Exchange
Environmental: None
Supplements
supermarkets, and restaurants, making this a perfect rental location that will be consistently occupied.
Listing Office: My Home Group Real Estate
Last Updated: April - 04 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
