421 N 18th Dr Phoenix, AZ 85007
Governmental Mall NeighborhoodEstimated payment $1,994/month
About This Home
Ideal triplex for investors seeking strong cash flow and reliable monthly income. Zero vacancy the past 7+ years! Located just minutes from Downtown and freeway access. Two 2-bedroom, 1 bath units and one studio. Each unit individually metered for electricity. In-unit laundry! NEW ROOF IN 2025! Large lot provides room for expansion. While fully occupied and positioned for immediately cash flow, there is value-add opportunity here. Great investment as-is with attractive potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $814
Year Built
- Built in 1926
Home Design
- Foam Roof
- Block Exterior
- Stucco
Schools
- Capitol Elementary School
- Metro Tech High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot 6
- Assessor Parcel Number 111-24-080
Community Details
Overview
- 3 Units
- Building Dimensions are 8700 sq ft
- Oakland Subdivision
Building Details
- Operating Expense $3,974
- Gross Income $32,400
- Net Operating Income $29,240
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $814 | $5,734 | -- | -- |
| 2024 | $759 | $5,461 | -- | -- |
| 2023 | $759 | $25,150 | $5,030 | $20,120 |
| 2022 | $732 | $18,100 | $3,620 | $14,480 |
| 2021 | $727 | $17,860 | $3,570 | $14,290 |
| 2020 | $735 | $14,260 | $2,850 | $11,410 |
| 2019 | $734 | $11,730 | $2,340 | $9,390 |
| 2018 | $722 | $11,430 | $2,280 | $9,150 |
| 2017 | $705 | $8,650 | $1,730 | $6,920 |
| 2016 | $685 | $7,120 | $1,420 | $5,700 |
| 2015 | $633 | $5,820 | $1,160 | $4,660 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/23/2026 02/23/26 | For Sale | $375,000 | +167.9% | -- | |
| 07/27/2015 07/27/15 | Sold | $140,000 | -13.6% | $87 / Sq Ft | View Prior Sale |
| 06/17/2015 06/17/15 | Pending | -- | -- | -- | |
| 03/20/2015 03/20/15 | For Sale | $162,000 | -- | $101 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | $140,000 | First Arizona Title Agency | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | Fidelity National Title | |
| Quit Claim Deed | -- | Fidelity National Title | |
| Warranty Deed | $53,000 | Fidelity National Title | |
| Warranty Deed | $42,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $98,000 | New Conventional | |
| Previous Owner | $120,000 | Purchase Money Mortgage | |
| Previous Owner | $75,900 | New Conventional | |
| Previous Owner | $62,636 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6988478
APN: 111-24-080
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.