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5038 N 18th Ave
Phoenix, AZ 85015 Midtown Phoenix

$715,000 USD

Multifamily For Sale  •  2,276 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 2,276 SF
  • Lot Size 0.19 AC
  • Year Built 1952
  • Zoning R-3
80 Transit Score
60 Walk Score

Highlights

New Five-Year Triple-Net Lease / Tenant Pays 100% of Property Operating Expenses
Tenant Responsible for Real Estate Taxes and Property Insurance / Tenant Responsible for All Maintenance and Repairs
Starting Base Rent of $6,500 Per Month / Initial Annual Base Rent of $78,000
Contractual Rent Increases in Years 2, 3, 4 and 5 /. Annual Base Rent Increases by $1,200 Each Year
Year 5 Base Rent Reaches $6,900 Per Month
Extensively Renovated Three-Unit Property Located One Block from the Light Rail

Property Flyers

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Washer/Dryer
  • Gas Range
  • Trash Pickup - Curbside
  • Ceiling Fans
  • Eat-in Kitchen
  • Refrigerator
  • Range
  • Carpet
  • Storage Space
  • Key Fob Entry
  • Walk-Up

Public Transportation

Transit/SubwayDriveWalkDistance
19th Ave/Camelback (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 1 min 3 min 0.2 mi
7th Ave/Camelback (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 4 min 19 min 1.0 mi
Montebello/19th Ave (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Phoenix Sky Harbor International 20 min - 12.5 mi
Phoenix-Mesa Gateway 53 min - 39.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Linda Gerchick 602-688-9279 Gerchick Real Estate
Linda Gerchick 602-688-9279 Gerchick Real Estate