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Investment Opportunity1. Immediate Value-Add PotentialThe properties offer a straightforward renovation and rent-growth opportunity.Based on an in-person walkthrough of all units, estimated renovation costs are approximately:$15,000–$20,000 per unitAt the high end:6 units × $20,000 = ~$120,000 total renovation budgetThere are already two vacant 1-bedroom units, allowing a buyer to begin renovations and lease-up without initially displacing existing tenants.2. Rental UpsideCurrent rents are below nearby renovated rental comparables.Target Post-Renovation Rents1 Bedroom: $1,350/month2 Bedroom: $1,550/month
earby rent comparables within approximately 0.25 miles support these targets.
Comparable 1BR Rent 2BR Rent Year Built
4231 N 27th St — $1,650 — 1970
2629 E Turney Ave — $1,495 — 1958
4219 N 26th St — $1,595 — 1961
2727 E Montecito Ave — $1,400 — 1959
2601 E Turney Ave — $1,295 — 1960
4241 N 26th St — $1,350 — 1962
Comparable Average — $1,348 — $1,580 — 1962
Glenrosa Target — $1,350 — $1,550 — 1958
Stabilized Gross Rent PotentialAt target rents:4 × $1,350 = $5,400/month2 × $1,550 = $3,100/monthProjected Gross Rent: $8,500/monthProjected Gross Rent: $102,000/year
Compelling Exit / Equity Story2727 E Montecito AveTriplex located directly behind the subject propertySale Price: $860,000Sale Date: July 2026Condition: Fully RenovatedFor perspective:Subject Purchase Price Per Triplex: $612,500Nearby Renovated Triplex Sale: $860,000Difference: $247,500 per triplexEven using an intentionally aggressive renovation assumption of $50,000 per unit:$612,500 acquisition+ $150,000 renovation= $762,500 basis per triplexCompared with the nearby $860,000 renovated triplex sale, this still indicates potential room for value creation.Using the walkthrough renovation estimate of $15K–$20K/unit, the projected basis would be materially lower.Buyer to independently verify comparable sale, renovation costs, rents, value, expenses and all underwriting assumptions.
Potential Buyer StrategiesBuy & Hold / Value-AddRenovate units as they become available, move rents toward market levels and grow NOI over time.Renovate & ResellRenovate and reposition the two triplexes with the nearby Montecito sale providing a potentially compelling renovated-value benchmark.Portfolio / Long-Term HoldAcquire six units across two adjacent properties in a desirable infill Phoenix location with existing cash flow and built-in rental upside.
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Disclaimer:
House is being sold as-is, and the buyer is to pay all closing costs. 5,000 EMD. Non-Refundable earnest money to be deposited within the same business day contract is executed or the contract will be canceled. Buyer must close with cash or a hard money loan.
The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.
Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.
REALTORS:
If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.
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