AZ
Maricopa
Phoenix
85040
1845 E ILLINI Street
1845 E ILLINI Street, Phoenix, AZ 85040
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Listing Type
Multi Family
Listing Status
Active
11
$499,900

Home Details for 1845 E ILLINI Street

Price
$499,900
Type
Residential Income
Year built
2025
County
Maricopa
Days on site
45
Listing #
7040008
Listing Courtesy: RE/MAX Excalibur - 480-355-3500
Property Description

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 Features
  • Cooling Information
    • Central Air
    • Ceiling Fan(s)
    • Heat Pump
  • Parking
    • Attached Carport
    • Carport
  • Heating Information
    • Electric
  • Water Features
    • Public
School Information
School Information for 1845 E ILLINI Street, Phoenix, AZ 85040
Elementary School
Percy L Julian School
Middle School
Percy L Julian School
High School
South Mountain High School
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Last Updated: 2026-08-05 11:30:28
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EXIT REALTY LIVING
64 E. Broadway Rd. Ste 200, Tempe, AZ 85282
Office
480 791 4604
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