Opportunities like this are genuinely rare in central Phoenix. Situated on a nearly 8,000 square foot lot in the heart of the Encanto neighborhood, this property offers two fully separate homes, a 3-bedroom, 2-bath main house and a 4-bedroom, 2-bath guest house, each with its own living space, garden, kitchen,… Read More and entrance. Live in one and let the other help carry the mortgage. House extended family. Or lease both. The lot gives you options that most properties simply cannot. Current tenants are month to month and interested in signing year long leases. Both houses have private fenced yards with their own private grassy outdoor spaces. The front house carries the charm of its 1940 bones while delivering the comfort of a fully updated home, with granite counters, in-unit laundry, and a layout that lives larger than the square footage suggests. The back house 4 bed 2 bath is newly built in 2022 and ready for occupancy with master suite, granite counters, large bedrooms and an open floor family room and kitchen.
Two homes. One address. An income stream built in from day one.
The location makes both homes remarkably easy to rent and even easier to love. Downtown Phoenix is minutes away, putting Chase Field, Footprint Center, the arts district, and the city's best restaurants within a short drive or rideshare. Phoenix Children's Hospital is right around the corner, making this address a natural fit for traveling medical staff or a generational family home. There are so many options to make this property work for you! Read Less
Courtesy of Barrett Real Estate 480-864-2100
Listing Snapshot
Days Online
108
Last Updated
Beds
7
Year Built
1940
MLS Number
7037654
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Refrigerator, Built-In Electric Oven, Microwave
Building
Built in 1940, 2 buildings
Community
No Pool
Cooling
Ceiling Fan(s), Electric
Disclosures
None
Expenses
Operating: $2,887
Floors
Tile, Laminate
Income
Gross Income: $57,570, Gross ScheduledIncome: $60,600, Net Operating Income: $57,570
Lot
Dimensions: 7900 Sq Ft
Owner Pays
Trash Collection, Water, Sewer
Parking
2 open parking spaces, 2 total parking spaces, On Street
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 117-06-088, Public Survey Range: 3E, Public Survey Section: 34, Annual Amount: $2,887, Tax Book Number: 117.00, Legal Description: GREENFIELD AC TR 2 PT LOT 50 N 150' OF W 150' EX W 100' THEREOF, Lot: 50, Year: 2025, Zoning: R3
Utilities
Water Source: City Franchise, APS
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