Transformative Potential with Outstanding Profit Margins

  • Asking $275,000
1614 South 5th Street, Phoenix, AZ 85004, USA

Overview

Property ID: toc-27746
  • Single Family Home
  • Property Type
  • 2
  • Bedrooms
  • 2
  • Bathrooms
  • 1
  • Garage
  • 1457
  • sqft
  • 1950
  • Year Built

Description

Seize the chance to own a unique investment property brimming with potential, strategically located for easy access to downtown Phoenix and its vibrant surroundings. This project, demanding total renovation, comprises a 1,025 sq. ft. main house and a 432 sq. ft. guest house on a sizable lot, complete with a pool. The main residence, currently a 1 bed and 1 bath home, offers the flexibility to be reconfigured into a two-bedroom retreat. Similarly, the guest house provides a cozy 1 bed and 1 bath layout. Together, they embody a rare opportunity not just for refurbishing, but for reimagining a space with vast potential. Listed at an enticing $275,000 with an After Repair Value (ARV) of $409,000, the profit margin is as expansive as your vision for its transformation.

Investor Highlights:

  • Competitive Pricing: Offered at $275,000, with an ARV of $409,000, underscoring significant profit potential.
  • Strategic Location: Proximity to downtown Phoenix enhances convenience and desirability.
  • Total Renovation Opportunity: A blank canvas across 1,457 sq. ft. of combined living space to design and significantly increase value.
  • Adaptable Layouts: The main house’s layout can easily transition from a 1-bedroom to a 2-bedroom configuration, with each residence having its own bath, enhancing functionality and appeal.
  • Outdoor Living: A pool and generous lot size present unique opportunities for creating luxurious outdoor spaces.
  • Enhanced Functionality: With distinct living spaces in the main and guest houses, investors can maximize the property’s versatility and appeal.

 

Transform this Phoenix property into a lucrative investment with exceptional profit potential. Ideal for those ready to craft a sought-after space. For a direct path to significant returns, contact Anette Brown at (602) 448-7377 to view or make an offer. 

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Details

Updated on April 22, 2024 at 9:26 am
  • Property ID: toc-27746
  • Price: Asking $275,000
  • Property Size: 1457 sqft
  • Lot Size: 6335 sqft
  • Bedrooms: 2
  • Bathrooms: 2
  • Garage: 1
  • Garage type: Covered carport
  • Year Built: 1950
  • Property Type: Single Family Home
  • Property Status: Sold
  • Address 1614 South 5th Street, Phoenix, AZ 85004, USA
  • City Phoenix
  • State/county Arizona
  • Zip/Postal Code 85004
  • Area Cope
  • Country United States

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DISCLAIMER: The content provided herein is for informational purposes and no representation or warranty is made regarding its accuracy or completeness. Property descriptions, documents, and pictures may not accurately describe or depict the property. You are encouraged to conduct your own due diligence and seek independent professional advice if necessary.

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