About The Property

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.
Courtesy of RE/MAX Excalibur 480-355-3500
Listing Snapshot
Days Online
60
Last Updated
Property Type
Multiple Dwellings
Beds
5
Year Built
2025
MLS Number
7040008
M. Logan
Top 2% performing AZ broker
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Additional Details

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Appliances & Equipment
Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave, W/D Hookup
Building
Built in 2025, Construction materials: Wood Frame, Stucco, 2 total units
Cooling
Central Air, Ceiling Fan(s), Heat Pump, Individual
Expenses
Insurance: $888, Water sewer: $516
Floors
Tile, Carpet
Heating
Electric
Parking
Attached Carport, Add'l Parking Avail, >1 Space Per Unit, Carport, 4 total parkings
Property
Zoning: R3
Roof
Composition
Sewer
Public Sewer
Taxes
Annual amount: $4,228, Lot: 14
Utilities
SRP, Individual Meter
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30 Days Snapshot Of 85040
$379k
+3%
(avg) sold price
10
+11%
homes sold
67
+11%
(avg) days on market
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Monthly Payment
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