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810 E Alice Avenue

Phoenix, AZ 85020
  • $625,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 6443765
New On Site 5 Days Ago
UPDATED: 38 min ago
$625,000
  • 3
    BEDS
  • 0.5
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,696
    SQFT
  • $369
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1944
County:
Area:

Description

OPPORTUNITY KNOCKS!!! A great project with lots of upside! Right now, the property has been approved and has plans for an addition to the original house. First inspection passed already but Seller is involved in another project and wants this jewel sold. There are many ways you can take this deal. Property is zoned multi-family already. 1. Finish house and market at top dollar with a huge half-acre lot. 2. Property is zoned multi-family with a nod from the city for up to to 16 units (stacked with tuck-under parking) three stories high. If you decide to maximize your investment, you'd have to demolish the house that's currently permitted for the addition. However, you can finish the house with about 80k-100k and get top dollar or add more units. Please see attachment for possible scenariosNarrative: This unique property is for the savvy investor looking for a small money-making project (either through resale or cashflow) or a single owner looking for a property that is centrally located to maximize the use of the large lot to bring their RV(s), off-road vehicles, or work equipment. It zoned multi-family and has a nod from the city to go up to 16 units, three stories high with tuck-under parking. Your imagination and city and county parameters are your only limits. Bring your A-Game and a great imagination to maximize the use of this beautiful property. Option 1 is to finish the home with the addition. Permits were obtained and first inspection passed. Permits are now expired and will need to be reinstated or, new permits sought for a bigger/different project. Option 2 is to finish the addition and maybe fix second structure currently onsite so you can have two homes on a large lot. Option 3 is to razor the current structures and approach the city for a multi-family project of 10 to 16 units. Option 4 is to finish the home and add a few more units. Split property in half at COE, finish current addition, and sell the excess land left after the split or build a new house on it. These are some of the possibilities but the new proud owner will ultimately make a decision that makes sense to them.

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Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Local Realty Experts | Selman and Associates. Data last updated 2022-08-08T18:20:29.88.
www.thelocalrealtyexperts.com/homes/131526989
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810 E Alice Avenue Phoenix, AZ 85020

  • Price: $625,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 38 min ago
  • MLS #: 6443765
3
Beds
2
Baths
0
½ Baths
0.5
Acres
1,696
SQFT
$369
$/SQFT
1944
Built
Neighborhood:
Sunnyslope
County:
Maricopa
Area:
Phoenix
Elementary School:
Desert View Elementary School
Middle School:
Mountain View Elementary School
High School:
Sunnyslope High School
School District:
006 - Washington Elementary District
Property Description
OPPORTUNITY KNOCKS!!! A great project with lots of upside! Right now, the property has been approved and has plans for an addition to the original house. First inspection passed already but Seller is involved in another project and wants this jewel sold. There are many ways you can take this deal. Property is zoned multi-family already. 1. Finish house and market at top dollar with a huge half-acre lot. 2. Property is zoned multi-family with a nod from the city for up to to 16 units (stacked with tuck-under parking) three stories high. If you decide to maximize your investment, you'd have to demolish the house that's currently permitted for the addition. However, you can finish the house with about 80k-100k and get top dollar or add more units. Please see attachment for possible scenariosNarrative: This unique property is for the savvy investor looking for a small money-making project (either through resale or cashflow) or a single owner looking for a property that is centrally located to maximize the use of the large lot to bring their RV(s), off-road vehicles, or work equipment. It zoned multi-family and has a nod from the city to go up to 16 units, three stories high with tuck-under parking. Your imagination and city and county parameters are your only limits. Bring your A-Game and a great imagination to maximize the use of this beautiful property. Option 1 is to finish the home with the addition. Permits were obtained and first inspection passed. Permits are now expired and will need to be reinstated or, new permits sought for a bigger/different project. Option 2 is to finish the addition and maybe fix second structure currently onsite so you can have two homes on a large lot. Option 3 is to razor the current structures and approach the city for a multi-family project of 10 to 16 units. Option 4 is to finish the home and add a few more units. Split property in half at COE, finish current addition, and sell the excess land left after the split or build a new house on it. These are some of the possibilities but the new proud owner will ultimately make a decision that makes sense to them.
Exterior Features

Architecture ContemporaryRanch Carport Spaces 0.00 Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 0.00 Dwelling Styles Detached Exterior Features Covered Patio(S)Patio Fencing Chain LinkWood Fencing1 Chain LinkWood Garage Spaces 0.00 Landscaping Dirt Front Parking Features Rv GateRv Parking Pool None Pool Private No Pool Property Description Mountain View(S)North/South Exposure Roofing Comp Shingle Slab Parking Spaces 0.00 Spa None

Interior Features

Additional Bedroom Mstr Bdr Walkin Clst Basement YN No Bedrooms Plus 3.00 Cooling Refrigeration Dining Area Breakfast BarFormal Fireplace No Fireplace Flooring CarpetTileWood Heating Electric Interior Features Fix-Up Needs RepairNo Interior Steps Interior Levels 1 Kitchen Features Cook Top ElecGas Stub For RangeKitchen Island Laundry InsideWshr/Dry Hookup Only Master Bathroom 3/4 Bath Master BdrmDouble SinksPrivate Toilet Room Master Bedroom Split Separate Den Office No Windows Dual Pane

Property Features

Assoc Rules Info None Association Fee Incl No Fees Builder Name Unknown Community Features Near Bus Stop Cross Street 7th St And Alice Dwelling Type Single Family - Detached Hoa YN N Horses N Land Lease Fee YN No New Financing Cash Ownership Fee Simple Pad Fee YN No Sewer Sewer - Public Source Lot Sq Ft County Assessor Source Sq Ft County Assessor Special Listing Conditions N/A Tax Municipality Phoenix Tax Year 2021 Taxes 972.00 Total Monthly Fee Equiv 0.00 Utilities ApsSw Gas Water City Water

Arizona Regional MLS logo Listing provided by Delex Realty: (480) 383-3007.


Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Local Realty Experts | Selman and Associates. Data last updated 2022-08-08T18:20:29.88.
 
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