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… Read More 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. Read Less
Courtesy of Cadaci Realty 623-866-4221
Listing Snapshot
Days Online
3
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Partial Baths
1
Square Ft.
910
Lot Size
0.2 Acres
Year Built
1926
MLS Number
7055892
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1926, Architectural style: Other, Living area: 910, Construction materials: "Painted", "Brick"
Cooling
Mini Split
Fence
Back Yard, Chain Link
Floors
Linoleum
Heating
Forced Air
Home Owner's Association
Association fee includes: No Fees
Interior Features
Eat-in Kitchen, Full Bth Master Bdrm
Laundry
Wshr/Dry HookUp Only
Lot
0.2 acres, 8,700 sqft, Dirt Front, Dirt Back
Parking
Side Vehicle Entry
Roof
Composition
Sewer
Public Sewer
Taxes
Annual amount: $1,350, Lot: 14
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