1911 E Harvard Street, Phoenix, AZ 85006

$765,000
7
BD
4
BA

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List Price
$765,000
Status
ACTIVE
Price Change
▼ $10,000 1782286429
Days on Market
84
MLS#
7037654
City
Phoenix
Bedrooms
7
Bathrooms
4
Year Built
1940

Property Description

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, 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!

Additional Information

Taxes
$2,887
Net Operating Income
$57,570
Cap Rate
7.53
Units
2
Parking Features
On Street
Construction
Other
Roofing
Other
Cooling
Electric, Ceiling Fan(s)
Heating
See Remarks
Zoning
R3
Subdivision
Greenfield Acres Tract 2
Community Features
No Pool
Electric
APS
Water
City Franchise
Tenant Pays
Electricity
New Financing
VA Loan, FHA, Conventional, Cash
Elementary School
Biltmore Preparatory Academy
Middle School
Biltmore Preparatory Academy

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Calculator source: Real Geeks

Listing courtesy of Barrett Real Estate.

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