1818 W Earll Drive Phoenix, AZ $ 8,500,000
1818 W Earll Drive
$ 8,500,000
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1818 W Earll Drive

Phoenix, AZ, 85015
$ 8,500,000
Baths0.0

Monthly Estimate*

$ 56,494

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $8,500,000. This home was built in 2024.

INDIVIDUALLY-PARCELED. FUTURE OPPORTUNITY TO SELL INDIVIDUALLY. C OF O ANTICIPATED APRIL 2024. Advantageously situated in Prime Central Phoenix, Madison at Encanto (''the property'') is a brand new 18-unit Townhome community located in the Encanto neighborhood, Northeast of the 19th Avenue and Thomas Road intersection and immediately north of the Encanto Golf Course. Its nearby proximity to Interstate 17, Interstate 10, and State Route 51, three major transportation arteries, affords residents direct access to simple passage within desirable commute times to nearly any destination across The Valley. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. Midtown is home to the Innovation Employment Corridor, which runs down Central Avenue, presenting employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Park Central is also in close proximity , home to healthcare innovators such as Dignity Health, St. Joseph's Medical Center, Barrow Neurological Institute as well as Creighton University. Additionally, just under 4 miles northwest, is Grand Canyon University with an on-campus enrollment of ±25,000 students. With completion slated for December 2023, Madison at Encanto is entirely comprised of three-bedroom floorplans covering 1,310 square feet - each complete with privatized back yards and personal garages. In addition, each unit's interior will come equipped with premium appliances and finishes including: stainless steel appliances, quartz countertops, cabinets, flooring, fixtures and hardware.

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Multi-Family Active

Price

$ 8,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 36,259

Style

Multiple Dwellings

Year Built

2024

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6673630

Features
General
Sewer Public Sewer
Heating Individual Electric Ceiling
Cooling Individual Electric Ceiling Fan(s)
Roof Composition
Zoning R-4A
Construction Materials Painted Stucco Block Frame - Wood
Year Built 2024
Electric SRP
Tenant Pays Electricity
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 584655.56
Community Features Barbecue No Pool
County Maricopa
Net Operating Income 471897.0
Operating Expense 114385.0
Insurance Expense 7725.0
Property Type Multiple Dwellings
Garage Y/N Y
Status Active
City Phoenix
Buyer Agent Compensation 0.75
Disclosures None
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 4.0
Total Units 18
Lot Size Square Feet 0.0
Carport Y/N N
Street Name Earll
Tax Annual Amount 36259.0
Electric Expense 17700.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 81
Standard Status Active
Elementary School District Osborn Elementary District
Tax Lot 1
Cap Rate 5.55
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Carpet Vinyl Wood
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Drive
Electric On Property Y/N N
Total Baths 0
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Exterior
Water Source City Franchise
Total Parking 40.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions 0.80
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 36.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1818
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* Excluded Features
List By
Marcus & Millichap

Broker

paul.bay@marcusmillichap.com

Email

Affordability Calculator

$59,515
Per Month
95%
5%
0%
Monthly Principal & Interest
$56,494
Monthly Property Taxes
$3,022
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2024$8,500,000 Listed Price

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1818 W Earll Drive, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $8,500,000. 1818 W Earll Drive is a studio with 0.0 baths and was built in 2024. The property's zip code is 85015 which is in Phoenix, AZ