BEDS2
BATHS2
SQUARE FEET910
MLS#7055892
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONOAKLAND
SCHOOLPhoenix Union High School District
Property Description
Development Potential - Zoned R-5. Single family home built in 1926 on a 8,700 square foot lot (0.2 acres) in the Oakland subdivision. The home offers 2 bedrooms and 1.5 bathrooms in 910 square feet, with brick construction, an asphalt shingle roof, evaporative cooling, and a covered patio. The property is currently leased and produces rental income. Zoning is R-5 (multiple family residential), and the lot sits directly beside 326 N 18th Ave, a duplex under the same seller. Purchased together, the two parcels total 0.4 acres of R-5 land, positioned for redevelopment into multiple rental units. 324 N 18th Ave and 326 N 18th Ave sit side by side, share R-5 zoning, and total 0.4 acres. Both properties generate income under current use, which lets a buyer hold and collect rent while pursuing entitlements. A developer building to R-5 density standards could redevelop the combined site into as many as 10 rental units, 5 per parcel. Confirm current development standards, parking requirements, and permitted density with the City of Phoenix Planning and Development Department. Buyer to perform all due diligence.
Property Features
Property Type: Residential - Single Family
Cooling: Ductless
Fenced: Yes
Heating: Forced Air
Home Style: Other
Lot Size: 0.20 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $1,350
Year Built: 1926
Feature Descriptions
Assoc. Fee Includes: No Fees
Community Features: Historic District
Exterior: Brick, Painted
Flooring: Linoleum
Interior: Full Bth Master Bdrm, Eat-in Kitchen
Laundry: Washer Hookup
Parking: Side Vehicle Entry
Property Sub Type: Single Family Residence
Water: Public
Local Schools
High School: Central High School
Middle School: Capitol Elementary School
Elementary School: Capitol Elementary School
School District: Phoenix Union High School District
Listed By / Shown By
Listed By
Agency Name: Cadaci Realty
Agency Phone: 623-866-4221
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimate Your Payment
Estimated Payment
$ 860.12 per month $660.99 Principal & Interest $112.50 Property Tax $86.63 Homeowner's Insurance
324 N 18th Avenue | MLS# 7055892
This single family home located at 324 N 18th Avenue, Phoenix, AZ 85007 is currently listed for sale with an asking price of $297,000. This property was built in 1926 and has 2 bedrooms with 910 sq. ft. N 18th Avenue is located in the OAKLAND subdivision within the Phoenix Union High School District school district. Search OAKLAND real estate on www.arizonabest.com today.