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$205,000
3 Beds 2 Baths 7022580 MLS 1,232 SqFt.
Investor opportunity in central Phoenix priced at approximately 52% of ARV. Listed at $250,000 with a projected ARV of $475,000, this property offers a $225,000 equity spread before rehab and sits well below the 70% rule of thumb most flippers target. The spread is intentional and reflects the scope of work remaining. The home is currently configured as a 2 bed 1 bath with an additional bedroom and bathroom that has been closed off from the main living area. Previous renovations got fairly far along with electrical work but the project is unfinished. There is no HVAC system in place, so a full install with ductwork should be factored into rehab. Most of the home is opened up to framing, giving the next buyer a clean canvas to design around their exit strategy rather than working through finished surfaces. The highest leverage play here is a roughly 400 square foot addition between the front and rear sections of the home to create a true central living room. That converts the property into a proper 3 bed 2 bath layout with normal flow, which is what retail buyers in this price bracket consistently pay for. This is the path to the $475K ARV. The strongest hidden edge on this property is the backyard. The seller installed a higher end pool a few years ago and based on a review of recent comparable sales in the area, no comps under 500k have pools. That is a meaningful differentiator on the resale side and a feature retail buyers in Phoenix consistently pay a premium for, especially in this price bracket. This is a project, not a paint and carpet flip. The numbers work because the price reflects the scope. For the right investor with a contractor lined up, the combination of a 52% ARV entry, a framing-level canvas, an addition opportunity, and a pool that none of the comps have is the kind of setup that does not come around often in this market. Serious inquiries only. Proof of funds required.

1612 S 5th Street, Phoenix

$419,900
3 Beds 2 Baths 6697197 MLS 1,440 SqFt.
Step into luxury with this exquisite new Step into luxury with this exquisite new construction home, boasting an array of premium upgrades on a quiet cul-de-sac street! A stunning great room welcomes you, seamlessly blending with the gourmet kitchen adorned with pristine white shaker cabinets, sleek quartz countertops, custom tiled backsplash, and stainless-steel appliances. Indulge in culinary delights with the convenience of a walk-in pantry closet and a generously-sized island featuring bar seating, perfect for both casual dining and entertaining. Experience the elegance of wood look tile flooring throughout the main living areas, complemented by plush upgraded carpeting in the bedrooms for added comfort. Retreat to the opulent master bathroom, where luxury awaits with double sinks... quartz countertops and designer style mirrors and lighting, accompanied by a spacious walk-in closet designed to accommodate all your wardrobe needs. The hall bathroom mirrors this lavishness, boasting the same exquisite quartz counters and a stylish finishes. Enhanced with designer light fixtures and ceiling fans, along with tasteful two-tone paint featuring custom accent walls, every corner of this home exudes sophistication and charm. Practical amenities include an inside laundry room, a convenient two-car garage, and covered front and back patio spaces, offering the perfect setting for outdoor relaxation and enjoyment. Close to parks, schools, freeways, the airport and downtown means convenience and access to a wide array of dining, shopping and entertainment options!

1121 S 10th Street, Phoenix

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