Excellent investment opportunity in a centrally located Phoenix neighborhood. This property sits on approx 13,000 sq ft, offering the potential to split the lot (buyer to verify with the City of Phoenix). The seller has already completed preliminary work, including plans, survey, and structural engineering for a proposed 4-bed single-family home. The existing residence is an 8-bed, 5-bath home, completed in 2023 with modern finishes, including quartz countertops, shaker-style cabinetry, vinyl flooring, and LED lighting. The home features two full kitchens, making it ideal for a group home or multi-generational living. Currently leased month-to-month at $6,000 per month, the tenant would like to remain and is willing to renew, providing immediate income potential for an investor.
Features
7 bedrooms
5 bathrooms
4176 sq. ft. floor area
cottageSingle-Family
Property history for 2545 North 29th Place
2022
Sold
$460,800
19 Aug 2022 by Silva Sebring
2020
Sold
$365,000
03 Nov 2020 by Jason Button, of HUNT Real Estate ERA - Glendale
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Local market activity for 7 bedroom single-family properties in Phoenix
Sold
For Sale
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