Alhambra Homes with Off Street Parking Features

Fully remodeled 3-unit Phoenix investment operating with 9 individual PadSplit rooms. $95,202 gross potential annual income with a projected 7.86% cap at the $715,000 asking price and upside to approximately 8.72% at full occupancy. Each unit includes a full-size washer and dryer, remodeled kitchen and bath finishes, and separate entry.i-SEE THE SUPPLIMENT FOR MUCH MORE INFORMATION An opportunity to acquire a fully remodeled Phoenix triplex currently operated using the PadSplit shared-housing model, providing nine individual income-producing rooms across three separate residential units. The property has been thoughtfully renovated with an emphasis on both durability and resident appeal. Interiors feature white shaker-style cabinetry, stone-look countertops, stainless steel appliances, wood-look flooring, recessed lighting, updated fixtures, modern neutral finishes, and remodeled bathrooms with contemporary vanities and attractive tile tub/shower surrounds. Each of the three units is equipped with a full-size washer and dryer, an important amenity for a shared-housing property and a significant convenience for residents. The individual bedrooms are bright and functional, with attractive finishes and layouts designed to support comfortable room-by-room occupancy. The exterior also presents exceptionally well, with low-maintenance desert landscaping, separate unit entrances, updated windows, distinctive red entry doors, and clean curb appeal. Unlike a traditional triplex relying on only three rental streams, this property is positioned to generate income from nine individually rentable rooms, creating greater income diversification within a single asset. Current room pricing is approximately $205 per week per room, producing gross potential income of approximately $95,202 annually. Using a conservative 7% vacancy allowance, projected annual occupied revenue is approximately $88,538. Based upon owner-provided operating expenses, including utilities, insurance, property taxes, property management and the PadSplit technology fee calculated only on occupied revenue, projected annual NOI is approximately $56,185. At the $715,000 offering price, that represents an estimated 7.86% projected cap rate. At 100% occupancy, projected NOI increases to approximately $62,316, representing an estimated 8.72% cap rate, providing additional income upside as occupancy is maximized. Investment Highlights $715,000 Offering Price Fully Remodeled Triplex 9 Individual Rentable Rooms Currently Operated Using the PadSplit Shared-Housing Model Approximately $205 Per Room Per Week $95,202 Gross Potential Annual Income 7% Vacancy Included in Pro Forma Approximately $88,538 Adjusted Annual Revenue Approximately $56,185 Projected NOI 7.86% Projected Cap Rate Approximately $62,316 NOI at 100% Occupancy Approximately 8.72% Cap Rate at 100% Occupancy Full-Size Washer & Dryer in Each Unit Remodeled Kitchens White Shaker-Style Cabinetry Stone-Look Countertops Stainless Steel Appliances Remodeled Bathrooms Wood-Look Flooring Recessed Lighting Modern Neutral Interior Finishes Separate Unit Entrances Low-Maintenance Desert Landscaping Nine Separate Revenue-Producing Rooms Approximately $79,444 Per Rentable Room Approximately $238,333 Per Residential Unit Located Approximately One Block From Light Rail Financial Snapshot Gross Potential Income: $95,202 7% Vacancy Allowance: ($6,664) Adjusted Gross Income: $88,538 Operating Expenses: approximately $32,353 Projected NOI: $56,185 Projected Cap Rate: 7.86% 100% Occupancy NOI: approximately $62,316 100% Occupancy Cap Rate: approximately 8.72% Buyer to verify all facts and figures. Location 5038 N 18th Avenue is centrally located in Phoenix's established Alhambra neighborhood, just south of Camelback Road. The property offers convenient access to the Camelback Road and 19th Avenue commercial corridors, Interstate 17, Central Phoenix, Midtown, Downtown Phoenix, and Grand Canyon University. A significant location advantage is the property's proximity to the Valley Metro Rail station at 19th Avenue and Camelback Road, approximately 0.2 miles away. Residents can walk to the station and access employment centers, educational institutions, sporting events, entertainment districts, Downtown Phoenix, Phoenix Sky Harbor International Airport connections, and destinations throughout the Valley Metro system. Area Amenities The surrounding neighborhood provides convenient access to grocery stores, restaurants, coffee shops, pharmacies, banks, fitness centers, medical services, schools, and other everyday necessities. The nearby Camelback Road, Bethany Home Road, 19th Avenue, and Central Avenue corridors offer a broad selection of national retailers, locally owned businesses, and neighborhood services. Residents are also within convenient driving or light-rail distance of: * Uptown Plaza and the Central Avenue dining corridor * The Melrose District's restaurants, boutiques, and locally owned businesses * Steele Indian School Park * Encanto Park and Encanto Golf Course * Phoenix College * Grand Canyon University * Downtown Phoenix's business, educational, medical, and cultural districts Entertainment Venues The property's central location provides access to numerous entertainment, cultural, and sporting destinations. Grand Canyon University's main campus is located at 3300 W Camelback Road and offers collegiate sporting events, concerts, theatrical productions, and other community activities. ([Grand Canyon University][2]) Additional destinations accessible by car or light rail include: * GCU Arena * Footprint Center * PHX Arena and Downtown Phoenix sporting events * Arizona Financial Theatre * Phoenix Convention Center * The Van Buren * Phoenix Art Museum * Heard Museum * Roosevelt Row Arts District * Chase Field * Downtown Phoenix restaurants and nightlife Major Employers The property is positioned near several of Central Phoenix's most significant employment centers. Grand Canyon University is located approximately two miles west of the property, while Banner Health's corporate offices are situated along Central Avenue. Banner-University Medical Center Phoenix, the City of Phoenix, Phoenix College, and Downtown Phoenix's government, healthcare, education, financial, hospitality, and professional-service employers are also readily accessible. Major area employers and employment centers include: * Grand Canyon University * Banner Health and Banner-University Medical Center Phoenix * City of Phoenix * State of Arizona * Phoenix College and the Maricopa County Community College District * Phoenix Union High School District * Maricopa County * Downtown Phoenix financial and professional-service firms * Phoenix Sky Harbor International Airport and its supporting employers Transportation The property offers excellent multimodal transportation access. The 19th Avenue/Camelback Valley Metro Rail station and park-and-ride facility are located approximately 0.2 miles from the property. The station is served by the Valley Metro B Line and connects the neighborhood with Midtown and Downtown Phoenix, Grand Canyon University-area destinations, Phoenix Sky Harbor International ([Valley Metro][1]) Bus service is available along both 19th Avenue and Camelback Road, providing additional connections throughout Central Phoenix. Interstate 17 is approximately one mile west of the property, offering convenient regional access to Downtown Phoenix, the West Valley, North Phoenix, Loop 101, and Interstate 10. The combination of walkable light-rail access, nearby bus routes, major arterial streets, and convenient freeway connectivity makes this location especially attractive to residents seeking transportation flexibility and access to major employment and entertainment destinations.

5038 N 18th Avenue, Phoenix

$739,000

4 Beds ⋅ 2 Baths ⋅ 7052929 MLS ⋅ 1,872 SqFt.

Rare Updated Home with Attached Secondary Living Space | 4 Bedrooms | Flexible Living | No HOA Beautifully updated and thoughtfully reimagined, this one-of-a-kind property offers the flexibility today's buyers are searching for. Situated on an oversized corner lot in one of Central Phoenix's most established neighborhoods, the home features a stylishly renovated primary residence paired with an attached secondary living space. Each enjoys its own private entrance, fenced yard, and outdoor living area, creating a remarkable sense of independence while remaining under one roof. Designed to adapt to every stage of life, this unique property is ideal for multi-generational living, extended family, long-term guests, a private home office, creative studio, or additional, flex living space. Step through the gates and discover mature shade trees, lush landscaping, and inviting outdoor spaces that create a peaceful retreat rarely found in such a central location. Inside, both living spaces have been tastefully updated, blending modern finishes with comfortable, functional design. The result is a home that feels fresh, welcoming, and move-in ready. Covered off-street parking adds even more everyday convenience. The primary residence and attached secondary living space each offer approximately 936 square feet with 2 bedrooms and 1 bath, providing approximately 1,872 square feet of thoughtfully designed living space. The separation between the two living areas offers exceptional privacy while preserving the comfort and convenience of a single home. For buyers seeking additional flexibility, the attached secondary living space may also offer future income-producing potential, subject to buyer verification of intended use and all applicable local regulations. Both main house and flex residence included in total living square footage. Located just minutes from the Melrose District, Uptown Phoenix, Downtown Phoenix, exceptional dining, shopping, and major employment centers, this property combines the character of an established neighborhood with the confidence of a beautifully updated home. Properties offering this combination of quality, versatility, and location are increasingly rare. Whether you're looking for a home that grows with your family, accommodates multiple generations, creates space to work or create, or simply offers options for the future, this is an opportunity unlike anything else on the market.

548 W San Juan Avenue, Phoenix

$995,000

7046604 MLS ⋅ 3,178 SqFt.

Exceptional opportunity to acquire a high visibility Phoenix infill commercial site with an existing 24 hour self service car wash operation. Located at 3118 W Indian School Rd, the property consists just under 1/2 an acre! & 3,168 SF of improvements, C2 commercial zoning, established ingress and egress, and existing car wash utility infrastructure. The asset is well positioned for a local or regional wash operator, owner user, automotive service provider, land investor, or redevelopment buyer seeking frontage along a heavily traveled Phoenix corridor. The property provides immediate operational utility with longer term upside through modernization, repositioning, or alternative commercial redevelopment subject to buyer verification and municipal approvals. Offered at $995,000.

3118 W Indian School Road, Phoenix

$979,000

9 Beds ⋅ 6 Baths ⋅ 7034814 MLS

Rare Uptown Phoenix 4plex+ compound on one lot that runs from Coolidge to Highland. 1st position Seller Financing available: 6% i/o & 40% down. 4 units/3 buildings: 746 W Coolidge W (3 bed/2b)-1150 sf-$1500R); 746 W Coolidge E (1 bed/Studio-700 sf-$800R); 746 W Coolidge Middle House (2 bed/1b-900 sf-$1500Pro); & 915 W Highland House (3 bed/2 b-1250 sf-$1800R). 17557 sf lot (R3, runs f/ street-to-street). BONUS: 1800 +/- sf workshop attached to middle house. Huge commercial-grade steel carport. 4 big storage units. Many recent upgrades. Potential to add density or split into two lots. Opp Zone. Prime location! .5 m to Melrose District; .8 m to Brophy High School; 1.1 m to Uptown Plaza; & 3+ m to Biltmore. 6.32 cap pro forma w/ very high long-term upside. Under $245/sf-highly competitive.

746 W Coolidge Street, Phoenix

$739,000

4 Beds ⋅ 2 Baths ⋅ 7017676 MLS

**Rare Dual-Residence Property | Two Private 2BR Homes | Fenced Yards | No HOA** One property, endless possibilities. Set on an oversized corner lot in one of Central Phoenix's most established neighborhoods, this beautifully maintained dual-residence property offers a rare combination of privacy, flexibility, and long-term value. Each of the two thoughtfully designed 2-bedroom, 1-bath residences enjoys its own private entrance, fully fenced yard, and outdoor living space, creating an experience that feels remarkably independent while offering the convenience of one property. Whether you're bringing generations together while preserving personal space, creating the ultimate work-from-home environment, or living in one residence while offsetting costs with the other.. this is the one!! Step inside the gates and discover mature shade trees, lush landscaping, and inviting outdoor spaces that create a peaceful atmosphere rarely associated with such a central location. It's a home best experienced in person, where the thoughtful layout and surprising sense of peaceful privacy immediately set it apart. Plenty of private, covered off-street parking adds to the value of this special property. For investors, the appeal is equally compelling. Rather than a traditional apartment-style duplex, this unique property offers two residences with the privacy and outdoor space today's long-term or short-term tenants increasingly value. The result is a property positioned to appeal to both owner-occupants and renters seeking the comfort and feel of a home. Located just minutes from the Melrose District, Uptown Phoenix, Downtown, top-rated restaurants, shopping, and major employment centers, you'll enjoy exceptional convenience without sacrificing the character of an established neighborhood. Properties offering this level of flexibility are increasingly uncommon. Whether your vision is multi-generational living, supplemental rental income, a private home office, or a long-term investment with multiple paths forward, 548 & 550 W. San Juan Avenue delivers an opportunity unlike anything else on the market.

548 & 550 W San Juan Avenue, Phoenix

$448,500

5 Beds ⋅ 3 Baths ⋅ 7015323 MLS ⋅ 2,068 SqFt.

Hidden Gem! Extensively Renovated Multi Unit property with income potential*This rare property features a beautifully updated 4-bedroom, 2-bath main house plus an attached 1-bedroom, 1-bath casita---perfect for multi-generational living, rental income, or a home based business*Extensive renovations include all new electrical wiring, copper plumbing, HVAC units, dual pane windows, kitchen, bathrooms, quartz countertops, modern cabinetry, stainless steel appliances, tile flooring and more, creating a truly move-in property*Situated on a large, fully fenced corner lot, the property offers abundant parking for RVs, trailers, work trucks or multiple vehicles, plus 3 detached storage buildings (approximately 200 sq.ft. each) for tools, equipment, inventory, hobbies or just plain extra storage. Conveniently located near I-17, you'll enjoy quick access to shopping, dining, downtown Phoenix, and major employment centers. With approximately 2,100 sq. ft. of combined living space, exceptional flexibility, and outstanding income potential, properties offering this combination of quality, versatility, and location are hard to find*Come take a look for yourself to see everything this home has to offer!

2501 W Hayward Avenue, Phoenix

$286,500

2 Beds ⋅ 2 Baths ⋅ 7008375 MLS ⋅ 1,066 SqFt.

Check out this 2-bedroom, 2 bath updated townhome in the heart of Central Phoenix. New luxury vinyl plank installed in the bedrooms. The kitchen has granite countertops, maple cabinets and travertine backsplash. The HVAC, water heater and fridge are only 2 years old. It has a bathroom with a updated walk-in shower on the ground floor, a spacious covered patio and an upstairs balcony that overlooks the courtyard. The living room and bedroom were freshly painted. Additional features include: 2 Covered Parking Spaces, Inside Laundry, community pool, plenty of guest parking. The community is well-maintained and located close to shopping, dining, entertainment and major freeways.

6540 N 7th Avenue Unit 42, Phoenix

$1,699,000

6993194 MLS

Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven buildings. The unit mix consists of (2) two-bedroom units; (4) one-bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. Over $250,000 in renovations just a few years ago.

5035 N 23rd Avenue, Phoenix

$524,600

6970111 MLS

***GROSS CAP RATE 9.19%***3 Units, Garden-Style Property, Built in 1934 & Renovated in 2023. Unit Mix Consists of (1) 1-Bed/1-Bath Unit, (1) 2-Bed/1-Bath Unit, & (1) Large 1-Bed / 1-Bath Casita. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exteriors Include New Paint & Stucco, Large Private Patio Area, and Storage Space. Located Within Close Proximity to Grand Canyon University & Christown Spectrum Shopping Center. Easy Access to I-17 Freeway & Valley Metro Light Rail

2334 W Morten Avenue, Phoenix

$355,000

3 Beds ⋅ 2 Baths ⋅ 6969829 MLS ⋅ 1,518 SqFt.

This spacious 3bd/2ba home which is located near 41st Ave and Maryland Ave sit's on a larger lot that has a large private backyard with an oversized covered patio. The home comes with LVP Flooring through-out most of the home with carpet in the bedrooms. The kitchen area comes with plenty of cabinet space and a large cooktop area. The bathrooms comer with tiled flooring as well as tiled tub and shower surrounds. This home is minutes from various K-12 schooling options and it is within 2 miles of Grand Canyon College. There are several dining and shopping options for you family to enjoy in this area. No HOA!! The seller of this home does not offer any seller-carryback financing.

6512 N 41st Avenue, Phoenix

Alhambra Homes with Off Street Parking Features

Newest Alhambra Homes with Off Street Parking Features