RARE INVESTOR OPPORTUNITY in the popular Woodlea Melrose historic district. Charming 884 SF single family home with a 504 SF guest house, for a total of 1,388 SF. Large separate private yards with mature trees & palms. Significant upgrades to both houses include new double pane windows, added insulation to all perimeter walls, new stucco & paint, new exterior wooden trim, two new wooden fences & landscape upgrades. Walking distance to numerous restaurants, shopping & Light Rail. This property is ready for your final touches inside and has loads of upside investment potential. Reliable, multi-year renters paying $1,950 a month with potential rent growth of 20%. Guest house has 1 bed/1 bath with a full kitchen, stackable washer/dryer & an outdoor storage shed.
Listing courtesy of Berkshire Hathaway HomeServices Arizona Properties.
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