fbpx
Select Page

508 N 14th St – Sitting on 3 Lots – $47,000

[Sale Pending] 1200sf Fixer Upper House and 3 total lots in the Garfield historic district.  The combined total of all 3 lots is 15,346 sf and sits on a corner.

The house is just a shell, and will need a complete interior.

508 N 14th St Phoenix, AZ 85006 – House

502 N 14th St  – Vacant Lot

1340 E Taylor St – Vacant Lot

Screen Shot 2014-08-12 at 1.53.18 PM Screen Shot 2014-08-12 at 2.05.05 PM

_________________________________________________________________________________________________

Zoning

The county Assessors website shows this as Commercial, but it’s actually “R5” which is Residential & Multi -Family.  I spoke to Ed at City of Phoenix Planning Department 602-262-7131.  You can combine all 3 lots and R5 allows 1 unit per 1,000 s.f.  That means you can build 15 units on this if you wanted to.
_________________________________________________________________________________________________

Details

508 N 14th St (Lot w/ House)

  • Needs Complete Renovation
  • Built in 1918
  • 1,211 sf house
  • 6,875 Lot size

502 N 14th St. (Vacant Lot)

  • 2,777 Lot Size

1340 E Taylor St. (Vacant Lot)

  • 5,794 Lot Size

All 3 Lots total 15,346 sf

_________________________________________________________________________________________________

Total Market Price:  $188,583

  • House – After Repair Value – Market Price: $141,700

  • Vacant Lots – Market Price: $46,883 ($5.47 per sf X 8,571 sf)

Wholesale PRICE for House & 3 Lots:  $47,000

You must be able to close QUICKLY!  Unless your offer is all cash you need to be approved with a hard money lender and submit proof of funds or approval letter with the offer. 

_________________________________________________________________________________________________

Comps

House:

  • 1106 E Taylor St is currently Pending for $60,000 and is in same condition without extra lots.
  • 1621 E Garfield St – Sold for $195,000 June 18 2014
  • 1537 E Diamond St – Sold for $147,000 June 26 2014
  • 1113 N 11th St – Sold for $127,000 April 25 2014
  • 1327 E Fillmore St – Sold for $126,500 May 30 2014
  • 1541 E Pierce St – Sold for $113,000 May 23 2014

Lots:

  • 1107 E Fillmore St #27 Sold for $12,500 February 14 2014 at $5 per sf. This lot is 2,013 sf
  • 515 N 11th St #28 Sold for $30,000 February 4 2014 at $5.94 per sf.  This lot is 5,055 sf

_________________________________________________________________________________________________

Picture Gallery

Or CLICK HERE to open the Pictures in Google Drive

_________________________________________________________________________________________________

To Get Access:

The key is in a lockbox on the right side of the from porch.  It’s attached to a water pipe on the ground.  Call me at 602-299-0448 to get access code.

Photo Aug 12, 12 50 59 PM
 Photo Aug 12, 12 51 05 PMPhoto Aug 12, 12 51 13 PM

 

_________________________________________________________________________________________________

 

How To Buy

Our properties sell extremely fast and are sold on a first come, first serve basis.  If you are interested and would like to put this property under contract, please download the contract package by clicking the “Download Now” button below.  Fill it out, and email it to david@buywholesalehomesnow.com.  You can call us with any questions or to schedule a showing at 623-688-1635 (office) 602-299-0448 (cell).

red_downloadnow