5038 N 18TH AVENUE
Phoenix AZ 85015

$570,000
Price

9.0
Beds

3.0
Baths

0
Sqft

homeListing Details:

Listing ID: 7090472
Updated: 10/7/2026 11:05am

Status Active/For Sale
Days On Market 41
Taxes $1,615.00
HOA N/A
Type N/A
Open Parking 5
Year Built 1984
Lot Size 0.00
County Maricopa
Listed By Gerchick Real Estate

descriptionDescription:

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.

mapProperty Location:

Listed By: Gerchick Real Estate | Linda S Gerchick 602-688-9279

Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.



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