1845 E Illini Street, Phoenix, AZ 85040
- $499,900
- 5
- BD
- 3
- BA
- List Price
- $499,900
- Status
- ACTIVE
- Days on Market
- 95
- Price Change
- ▼ $10,000 1782178403
- MLS#
- 7040008
- Subtype
- Multiple Dwellings
- Year Built
- 2025
- Bedrooms
- 5
- Bathrooms
- 3
- Subdivision
- Progress Place
Property Description
LIVE FOR LESS THAN HALF PRICE! Why rent when your tenant can help pay for your home? This outstanding 2025-built duplex offers the opportunity to live in one unit while approximately $2100/month rent from the other can offset more than half your housing payment. Well-maintained and in excellent condition, each unit features wood-look tile, Samsung stainless appliances, 42'' espresso cabinetry, 2'' wood blinds, and modern finishes. Reliable tenants pay their own electric. Ample on-site parking. Also an excellent investor opportunity with approximately $34,000 annual income and an attractive 7% CAP rate. FHA, VA, conventional, cash, or 1031 buyers welcome.
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Additional Information
- Taxes
- $4,228
- Zoning
- R3
- Appliances
- Built-In Range, Refrigerator, Dishwasher, Disposal, Microwave, W/D Hookup, Built-In Electric Oven
- Heating
- Electric
- Air Conditioning
- Central Air, Heat Pump, Varies by Unit, Ceiling Fan(s)
- Exterior Construction
- Wood Frame, Stucco
- Parking Features
- Carport, >1 Space Per Unit, Attached Carport
- Elementary School
- Percy L Julian School
- Middle School
- Percy L Julian School
- High School
- South Mountain High School
Listing courtesy of RE/MAX Excalibur.
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