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1845 E ILLINI Street

Phoenix, AZ 85040

Phoenix, AZ 85040

1845 E ILLINI Street

$499,900

MLS#: 7040008

Status: Active

Listing provided by: RE/MAX Excalibur

Listing agent phone: None

Last update: 18 hours ago

On site: 2 months ago

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PROGRESS PLACE - Residential Income

About

Outstanding investment opportunity! Built in 2024 and located in a designated Opportunity Zone, this fully leased duplex offers immediate cash flow with approximately $34,000 in annual income and an attractive 7% CAP rate. Quality workforce housing with dependable tenants who pay on time and cover their own electric; landlord pays only water and sewer. Also available is the adjacent duplex at 1905 E. Illini, creating a rare opportunity to acquire a side-by-side 4-plex. Each unit features wood-look tile flooring, Samsung appliances, 42'' espresso cabinetry, 2'' wood blinds, and contemporary finishes throughout. Ample parking, low-maintenance construction, and excellent condition make this a true turnkey investment.

Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

2025

Sq.Footage

N/A

Features

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), Heat Pump

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Parking

    Attached Carport, Carport

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $499,900

  • Tax Amount

    $4,228

  • Financing Options

    Conventional

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Roosevelt Elementary District

  • Middle School

    Percy L Julian School

  • High School

    South Mountain High School

Property Features

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    14

  • Water Source

    Public

Schedule

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Location

  • County

    Maricopa

  • Elementary School

    Roosevelt Elementary District

  • Middle School

    Percy L Julian School

  • High School

    South Mountain High School

Listing Courtesy of Dean Selvey , RE/MAX Excalibur

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Agent Tammy Isabell

Tammy Isabell

Agent / Realtor®

Call Tammy today to schedule a private showing.

Phone (520) 210-1562

Email Tammy@MandyGoldTeam.com


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1845 E ILLINI Street

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