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Fantastic Development Opportunity in The Oakland Historic District. The property features a front duplex that has suffered fire damage but comes with an overlay permitting a total of 5 units. The plan includes constructing new studios or 1-bedroom units at the rear of the property. Our estimated rent analysis suggests a potential monthly income exceeding $6,000 from these 5 units. Anticipated construction costs may vary depending on chosen finishes. Considering the projected income and a 15% load, this investment has the potential to be valued between $1 million to $1.2 million upon completion. This property boasts a historical designation, and the sale includes structural and architectural plans. Don't miss this opportunity to participate in The Oakland historic district's revitalization while establishing a promising income streamPROPERTY FEATURES
Water Source :
City Franchise
Sewer Source :
Public Sewer
Electric :
APS
Community Features :
Other, No Pool
Parking Features:
Paved Parking
Cooling:
See Remarks
Heating :
Electric
Construction Materials:
Painted, Block
PROPERTY DETAILS
Street Address: 330 N 18TH Avenue
City: Phoenix
State: Arizona
Postal Code: 85007
County: Maricopa
MLS Number: 6601999
Year Built: 1926
Courtesy of NORTH&CO.
City: Phoenix
State: Arizona
Postal Code: 85007
County: Maricopa
MLS Number: 6601999
Year Built: 1926
Courtesy of NORTH&CO.
Courtesy of Premier Haven Management Solutions, LLC