Link Copied
Listed price in listed location currency (USD).
$595,000

005
  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size -
Garage No
HOA Fees $250
Taxes $1,263
Days Active 224
Approx. Age 1939
MLS® Number 6828439

Property Address: 748 E Carol Ave, Phoenix, AZ, 85020-2112

Average square foot calculated using Size range provided by listing agent.

Description

Prime Investment Opportunity: Renovated 3-Bedroom Home with Development Potential for 8 Multifamily Units An Exceptional Value-Add Opportunity in a Growing Market Seize this rare investment opportunity featuring a beautifully renovated 3-bedroom, 2-bathroom home alongside a prime development site with the potential to build 8 brand-new multifamily units. Whether you're an investor looking for immediate rental income, a developer seeking a new project, or a buyer looking to live onsite while planning future development, this property offers an unmatched combination of income potential and long-term appreciation. Property Highlights: 🏡 Single-Family Home: Fully renovated 3-bed, 2-bath home with modern finishes Spacious open floor plan, updated kitche Prime Investment Opportunity: Renovated 3-Bedroom Home with Development Potential for 8 Multifamily Units An Exceptional Value-Add Opportunity in a Growing Market Seize this rare investment opportunity featuring a beautifully renovated 3-bedroom, 2-bathroom home alongside a prime development site with the potential to build 8 brand-new multifamily units. Whether you're an investor looking for immediate rental income, a developer seeking a new project, or a buyer looking to live onsite while planning future development, this property offers an unmatched combination of income potential and long-term appreciation. Property Highlights: á Single-Family Home: Fully renovated 3-bed, 2-bath home with modern finishes Spacious open floor plan, updated kitchen with stainless steel appliances, and designer fixtures Ideal for rental income or owner-occupancy while building the multifamily units Strong rental demand in the area ensures immediate cash flow × Multifamily Development Potential: Opportunity to build 8 new multifamily units - maximize density and income Favorable zoning allows for efficient and high-yield construction Opportunity to build high-demand rental units in a supply-constrained market Site layout designed for optimal tenant experience and operational efficiency =Í Strategic Location: Located in a rapidly growing neighborhood with strong rental demand Close to major employment centers, schools, shopping, and transit corridors Easy access to highways and public transportation, enhancing tenant appeal Surging property values in the area make this an ideal long-term hold Investment Advantages:  Dual income streams: Generate revenue from the existing home while developing the new units  Reduced risk: Immediate cash flow from the home offsets carrying costs during development  High return potential: Multifamily construction unlocks significant equity and income growth  Tax benefits: Depreciation, interest deductions, and potential cost segregation strategies Investor's Vision: This property is perfect for an investor or developer looking to capitalize on a turnkey home with near-term development potential. Whether you're flipping, holding for rental income, or building for long-term equity growth, this is an exceptional opportunity in today's competitive market. Don't miss out on this rare investment! Contact us today for more details, financial projections, and site plans. Disclaimer: Buyer to verify all facts and figures. Information deemed reliable but not guaranteed. Discover the Vibrant Community of 85020! Nestled in the heart of Phoenix, the 85020 area offers a perfect blend of urban convenience and natural beauty. Here's why this area is a standout choice for your next move: **Prime Location** Located just minutes from the 51 Highway, commuting is a breeze whether you're heading downtown or exploring the Valley. This convenient access ensures you're always connected to the pulse of the city. **Natural Oasis** Embrace outdoor living with North Mountain Park at your doorstep. Enjoy hiking trails, scenic picnic spots, and breathtaking views of the Valleyall just moments away from home. It's the perfect escape for outdoor enthusiasts and families alike. **Thriving C
MLS® Number6828439
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1939
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatOther, Individual, Heat Pump
A/CCeiling Fan(s), Other, Heat Pump, Individual
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 1, 2025List Date
$595,000List Price
  • Commute

Commute

Starting Address
Destination Address
748 E Carol Ave, Phoenix, AZ

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Comparable Properties