ONLINE PUBLIC AUCTION - NOT A FORECLOSURE - UNIQUE OPPORTUNITY TO PURCHASE AND REDEVELOP A MULTI-FAMILY PROPERTY IN THE OAKLAND HISTORIC DISTRICT. Fire-damaged multifamily property located in the Oakland Historic District of Phoenix. Zoned R-5 with historical designation, the lot previously featured five permitted rental units and includes plans for redevelopment. Ideal for investors or developers looking to participate in the revitalization of the downtown area. Conceptual plans include studio or 1-bedroom units. Close to ASU Downtown, Light Rail, Roosevelt Row, and Arts District. Property sells at online auction. Sold as-is, where-is, with no contingencies. Buyer to verify all facts. Drive-by preview OK. Online Auction Opportunity - Fire-Damaged Multifamily Property in Downtown Phoenix 330 N 18th Ave, Phoenix, AZ 85007 Auction Ends: Wednesday, July 9, 2025 at 2:00 PM (AZ) Starting Bid: $100,000 This is a rare opportunity to acquire and redevelop a fire-damaged multifamily property located in the heart of Phoenix's Oakland Historic District. The lot is zoned R-5 and previously featured 5 permitted rental units. It is being offered for sale by court order and sells to the highest bidder at a public online auction. This is not a foreclosure sale. The sale includes a front duplex structure with fire damage and architectural and structural plans for redevelopment. Conceptual plans envision studios or 1-bedroom units at the rear of the property. The property carries a historical designation and is located in a neighborhood undergoing extensive revitalization with new multifamily construction and restoration of classic homes. Located just minutes from downtown Phoenix, this property offers convenient access to ASU Downtown, Roosevelt Row, Light Rail, and the Arts District. Property Features: 0.20± acres / 8,700± SF lot 1,446 SF structure (per tax record) Zoned R-5 (Multi-Family Residence) Built in 1926 | Block Construction Assessor Parcel: 111-24-025 Annual Taxes: $1,166 (2024) No HOA City utilities: Water & Sewer (City of Phoenix), Electric (SRP) Subdivision: Oakland Auction Terms: Online bidding only; no registration fee to bid. 10% Buyer's Premium added to the high bid to determine the total purchase price. 10% non-refundable earnest deposit due from the winning bidder; balance due at closing within 30 days. Property sells as-is, with no warranties or contingencies. Sale subject to seller approval. Clear title provided with title insurance. The seller reserves the right to postpone or cancel the auction at any time. Buyer is responsible for verifying all information independently. Preview & Inspection: Drive-by is OK. Bidders are encouraged to review all due diligence materials prior to bidding.

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Last checked: 2025-06-08 11:57 PM UTC