5038 N 18TH Avenue, Phoenix, AZ 85015

Fully remodeled Phoenix triplex totaling approximately 2,276 SF, configured as nine furnished, individually rentable rooms and currently operated through the PadSplit shared-housing platform. Three 3-bedroom/1-bath units offer separate entrances, full-size washers/dryers, renovated kitchens and baths, quartz counters, shaker cabinets, stainless appliances, LVP flooring, updated windows, lighting and fixtures. Owner-provided pro forma at $205 per room/week reflects $95,202 gross potential income; after 7% vacancy and $32,353 in expenses, projected NOI is $56,185 and projected cap rate is 7.86% at $715,000. Approximately 0.2 mile from Valley Metro Rail. Furnishings convey as-is. Buyer to verify all facts, PadSplit requirements and financial assumptions.