Online Auction – Fire Damaged House – Phoenix Historic District

Description

FIRE SALE – MULTIFAMILY INVESTMENT OPPORTUNITYFire-Damaged Multifamily Property in the Oakland Historic District 330 N 18th Ave, Phoenix, AZ 85007 Online Bidding Ends: Wednesday, July 9, 2025 at 2:00 PM (AZ) Starting Bid: $100,000Presented by:United Country Real Estate – Arizona Property & AuctionThe Larsen Company Real Estate and AuctionBy order of the seller, this fire-damaged multifamily property in the heart of Phoenix’s Oakland Historic District will be sold to the highest bidder via online auction. This is not a foreclosure, but an ordered public sale—and a unique chance to revitalize a historic asset near Downtown Phoenix.️ Development OpportunityOriginally improved with 5 permitted rental units, this property is zoned R-5 (Multi-Family Residence) and includes a front duplex that suffered fire damage. A conceptual plan has been developed for new studio or 1-bedroom units at the rear of the lot. The sale includes structural and architectural plans to help bring your vision to life.This property carries a historical designation, and the surrounding neighborhood is actively undergoing revitalization—with new multifamily development and restoration of classic homes. It’s ideally situated close to ASU Downtown, the Light Rail, Roosevelt Row, the Arts District, and Downtown Phoenix.Don’t miss your chance to bid, buy, and be a part of the district’s transformation! Auction DetailsAuction Format: Online-onlyBidding Deadline: Wednesday, July 9, 2025, at 2:00 PM (AZ time)How to Bid: Visit AZEstateBid.com and click the “Bidding Open” link to register and place your bid. Property LocationAddress: 330 N 18th Ave, Phoenix, AZ 85007Directions: From Van Buren St, head north on 18th Ave. Property will be on your left. Property DetailsProperty TypeResidential / Multi-FamilyCountyMaricopa, AZLot Size0.20± acres / 8,700± SFLiving Area1,446 SF (per tax records)Year Built1926Stories1ConstructionBlockZoningR-5 Multi-Family (up to 5 units) Zoning InfoSubdivisionOaklandAPN111-24-025Annual Taxes$1,166 (2024 assessment)HOANoneRoad AccessPaved, via 18th AveUtilities • Electric: Salt River Project • Water/Sewer: City of PhoenixLegal DescriptionLot 16, Oakland Subdivision Property Preview & InspectionThe property is available for drive-by inspection at any time. Contact Stewart Larsen at (480) 861-2530 to schedule a showing. Auction Terms & ConditionsRegistration: No fee to register and bid.Buyer’s Premium: 10% will be added to the high bid to determine the total purchase price.  Example: $100,000 Bid + $10,000 Buyer’s Premium = $110,000 Total Purchase PriceEarnest Money: 10% of the total purchase price due as a non-refundable deposit.Closing: Balance due within 30 days of auction end.Title: Seller provides clear title with title insurance.As-Is Sale: Property sells as-is, where-is with no contingencies.Right to Cancel: Seller may withdraw, postpone, or cancel the sale at any time prior to auction close.Disclosure: All information is believed to be reliable but not guaranteed. Buyers are responsible for verifying all details. Announcements made on the day of sale take precedence over previous advertising. Learn More & Register to BidAll documents, property details, disclosures, auction terms, and bidding registration can be found at: AZEstateBid.com Questions?Contact your Arizona Real Estate Auctioneers: Stewart Larsen The Larsen Company Real Estate and Auctions (480) 861-2530 | ✉️ slarsen@thelarsencompany.comJohn Payne United Country Real Estate – Arizona Property & Auction (480) 422-6800 | ✉️ john@UnitedCountryAZ.com