All Forum Posts by: Lisa Caracciolo

@Colleen F., yeah, I saw that. I'm actually not 100% sure, it appears that way though. I agree, I think it could be a great property!

@Christopher Winkler, thanks really interesting to hear! I grew up on 7th Ave and Northern and would give anything to have a property in that area now!

@Brett Tvenge thank you for your response/input, I really appreciate it. I don't own the property, I received it from a wholesaler. I was thinking fix and flip, but I think it's not the right decision for now. I'll have to let this one go lol. 

Yes Paul, I would agree that the closer you get to 19th Ave, the values do drop. This small area between 17th and 15 Ave appears to have been keeping its value, but you may be right, the upper $800,000 might be a stretch. Just for fun, you should look at the previous MLS listing before they gutted the property (indoor fire pit, corner bar made with red leather, etc....it was a beaut :) ).

This deal is too good to let go. This might work for anyone looking for a property in phoenix that may have a lot of value add potential. They are selling for $595,000 and completed turnkey home are going for upper $800,000 in this area. The home has already been gutted and structural items and new roof have been completed already. Still needs plumbing and electric schematics drawn up. 3 Bed 2 Bath, 2746 sq feet, 14,646 lot sq feet. 1715 W LAWRENCE LN Phoenix AZ 85021. 19th Ave and Dunlap are the major cross streets. 

Here is a description from the previous MLS listing:

This 1958 Mid Century Dream Home Estate has plenty of history. Owned By a Lovely Lady of 91 years young. Many wonderful memories have been enjoyed by this show biz talented family. Majestic Palm Trees and the flavor of Cesar's Palace with The Era of Days Gone By. This home could be a real show stopper once again. Excellent location, easy access to I-17 & The Valley Metro. Situated in The Royal Palms. Neighborhood that is in great demand. Corner oversize lot features three bedrooms, two baths. Living room, Az room, two fireplaces. Split floor plan.

I'm looking to partner with someone on this deal or if anyone out of state needs boots on the ground, I would love to assist in anyway needed. I am not in a position to purchase this and rehab it myself at this time, but for someone who loves this area and knows the possibilities of a home like this, I just wanted to share.