**Gorgeous 2-bed, 1-bath Encanto Bungalow nestled in Phoenix's vibrant heart: An Exceptional Short-Term Rental Income Gem with a Ready-to-Build ADU Expansion Opportunity. **the potential addition of the ADU will offer an extra 560 sq. ft. of rentable space, maximizing your rental opportunity. Once the ADU comes to fruition, envision a sprawling 4-bed, 3-bath sanctuary that could be rented to up to 3 separate tenants, in the heart of the city. The property provides parking for up to 6 vehicles, and its exterior is adorned with an expansive, furnished patio, capturing the essence of Arizona's refined outdoor lifestyle. Stepping inside, you'll be greeted by a luminous living area, segueing into a gourmet kitchen complete with a modern coffee station and top-tier appliances. In-unit washer and dryer enhance the convenience factor. The lush outdoor area, equipped with a BBQ setup, beckons for gatherings and tranquil moments alike. Beyond its aesthetic appeal, this bungalow stands as a promising and strategic investment prospect for the experienced owner.
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Date | Days Ago | Event | New Price |
---|---|---|---|
Mar 8, 2024 | 10 mos ago | Price decreased13,000 (3%) | $474,900 |
Feb 21, 2024 | 10 mos ago | Price decreased10,000 (2%) | $487,900 |
Jan 19, 2024 | 11 mos ago | Price decreased7,000 (1%) | $497,900 |
Jan 18, 2024 | 11 mos ago | Price decreased10,000 (2%) | $504,900 |
Jan 10, 2024 | 12 mos ago | Price decreased10,000 (2%) | $514,900 |
Jan 2, 2024 | 12 mos ago | Price decreased10,000 (2%) | $524,900 |
Dec 28, 2023 | 12 mos ago | Price decreased10,000 (2%) | $534,900 |
Dec 5, 2023 | 1 yr ago | Price decreased4,100 (1%) | $544,900 |
Nov 22, 2023 | 1 yr ago | Price decreased26,000 (5%) | $549,000 |
Oct 18, 2023 | 1 yr ago | New on market | $575,000 |