Introducing a unique investment prospect at 4631 W Gumina Ave. Priced attractively at $410,000 with a remarkable ARV of over $700,000, this property offers an extraordinary opportunity for investors. This 4-bedroom, 2-bathroom ranch-style home, set on over an acre of lush, irrigated land, is not only ideal for those looking to capitalize on a property with significant land value and room for substantial enhancements, but also for those interested in its potential as a horse property. The combination of its vast acreage, solid structure, and prime location near downtown Phoenix positions it as a highly lucrative investment, perfect for a high-return remodel project.
To illustrate the property’s profit potential, here are recent comparables in the area:
- 12345 S 51ST AVE: Closed at $715,000
- 4702 W OLNEY AVE: Closed at $735,000
- 10448 S 43RD AVE: Closed at $650,000
- 5315 W MCNEIL ST: Closed at $760,000
These comparables not only demonstrate the strong market demand but also highlight the significant upside this property holds. With these compelling figures, the investment potential of 4631 W Gumina Ave becomes even more evident, marking it as a standout opportunity for those seeking to maximize their returns.
- Expansive Acreage with Irrigation: Boasting over an acre of irrigated land, this property is not just a spacious lot but a potential haven for horse lovers, offering a unique opportunity for equestrian development or transformation. The vast space significantly enhances its market value and appeal to those interested in horse-keeping.
- Strategically Located Property: Situated mere minutes from downtown Phoenix and close to scenic trails, the home combines the convenience of city living with the tranquility of a private retreat. This strategic location is perfect for attracting future buyers or renters who desire easy access to urban amenities while enjoying a peaceful, private setting.
- Ranch-Style Home with Strong Bones: Constructed in 1976 and maintained by only one owner, this property’s solid block construction and foundational integrity are ideal for a comprehensive, high-quality renovation, preserving its heritage while modernizing its appeal.
- Unique Architectural Features: The home’s classic brick exterior adds a timeless character and distinct appeal, ensuring it stands out in the market. This architectural charm is a solid base for creating a standout property.
- No HOA Constraints: Without the restrictions of an HOA, investors have unparalleled flexibility in renovation and expansion plans, enabling them to fully realize the property’s potential without any external limitations.
- Prime for Customization: The extensive land space and the existing home structure provide a blank canvas for creating a luxurious and modern living space, tailored to the demands of the current market. This flexibility is a key advantage for investors seeking to customize and upgrade the property.
- Substantial ARV Upside: The local market comparisons, with properties reaching up to $760,000, highlight the property’s potential for a high ARV, making it a compelling investment choice. This potential for significant appreciation in value underscores the property’s attractiveness as a high-yield investment.
This property represents a golden investment opportunity, blending a desirable location with expansive acreage and significant potential for high-value customization. This is more than just a real estate investment, it’s a gateway to endless possibilities. o seize this opportunity or to arrange a viewing, contact Anette Brown at (602) 448-7377.