1st Project: 2452 N 62nd St

[Denyse Nixon]

Investment Info:

Single-family residence note investment investment.

Purchase price: $190,000
Cash invested: $25,000
Sale price: $303,000

Beautifully-updated 2bd/2ba home situated on the Painted Mountain Golf Course in lovely East Mesa! Great curb appeal leads you into the light-and-bright interior featuring wood look flooring and a barn door entry to the huge entertainment room. The lovely master has doors to the outside and an en suite! Step outside and enjoy your low maintenance back yard with stunning golf course views. Convenient location, close to shopping, restaurants, parks, the 202 and so much more.

What made you interested in investing in this type of deal?

This was our personal home that we updated and sold

How did you find this deal and how did you negotiate it?

First purchased off of MLS at a very low price back in 2016

How did you add value to the deal?

Updated atrium off of main bedroom. Updated Arizona room to a fully enclosed entertainment room with barn doors for the entrance off of the living room. Added a bar area in the entertainment room with an awning spring window connected to the kitchen. Upgraded the guest bathroom as a full instead of a partial. Cleaned up the front and back yard landscaping.

What was the outcome?

Made a great profit

Lessons learned? Challenges?

Could have increased property value by adding a bedroom instead of an entertainment room and upgrading the kitchen instead of the atrium and yard.