1845 East Illini Street Phoenix, AZ 85040

Building Details

Year Built

2025

Listing agency RE/MAX Excalibur d***@deanselvey.com Show Phone

Listed by Dean Selvey · License #SA020464000 Show Phone

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Added: May 15 Updated: Jul 21 at 8:17PM Checked: Jul 22 at 11:19AM

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Investment Insights

Based on property information with market context.

Built in 2025, this duplex is in very good condition and currently fully rented and stabilized. The property generates stated income of $36,000 with an indicated 7% CAP rate. Tenants pay electricity on time, and the landlord covers water and sewer. Interior finishes include tile floors, Samsung appliances, 2-inch wood blinds, and 42-inch espresso cabinets.

The duplex offers lots of parking and is listed at 1845 East Illini Street in Phoenix, AZ 85040. The property is identified as being within an Opportunity Zone. Also see 1728 next door, which may allow for purchase as a 4-plex.

Key Highlights

• Newly built 2025 duplex with 2 total units, wood frame and stucco construction
• Fully rented and stabilized duplex with $36k income and a 7% CAP rate
• Tenants pay their electricity; landlord pays water/sewer

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FAQs

What type of property is this?

Duplex - Newly built 2025 duplex is fully rented and stabilized with income and tenant-paid electricity.

Where is this duplex located?

The property is located at 1845 East Illini Street Phoenix, AZ.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Newly built 2025 duplex with 2 total units, wood frame and stucco construction; Fully rented and stabilized duplex with $36k income and a 7% CAP rate; Tenants pay their electricity; landlord pays water/sewer