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.
Features
3 bedrooms
2 bathrooms
directions_car5 carspaces
cottageOther
Property history for 330 N 18th Ave
2021
Sold
$175,000
03 Dec 2021 by Morgan Venetos, of My Home Group Real Estate
2020
Sold
$325,000
13 Jan 2020 by Brian Gaffney, of S. J. Fowler Real Estate, Inc.
2019
Sold
$170,000
10 Dec 2019 by Melody Peterson, of My Home Group Real Estate
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Local market activity for 3 bedroom other properties in Phoenix
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