330 N 18TH Avenue, Phoenix, AZ 85007

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 stream