RARE Duplex in Arcadia neighborhood of single-family-only homes. Desirable split 2bd 2ba with open style kitchen and living space. Long time ownership maintained property exceptionally well. 30 day cancellation clauses in both leases can be enacted by landlord.Great value-add opportunity with multiple options. Owner-occupy and send your kids to coveted Scottsdale schools, or reconfigure to a larger plan and build two stories. Excellent opportunity for a 1st time home owner, investor or builder.Neighborhood is undergoing drastic redevelopment, own an affordable investment in one of the most sought after neighborhoods in the valley.Walking distance to Arcadia's trendiest restaurant concepts including: The Vig, The Porch, Attic Ale House, Doughbird, Hash Kitchen, MOD Pizza Master meter for water and electricity. All utilities currently paid by tenants, split 50/50 (water, trash, electricity, sewer). Interior Features: Improvements made to sustain renters including ceramic tile throughout, cast iron tubs, tile showers and concrete brick construction. South half of roof completely stripped and redone done ~5 years ago and north half of roof redone ~13 years ago. Exterior Features: Newly sealed asphalt driveway, irrigation system, concrete carport, laundry and storage in rear with back patios and side yards. Development Summary: Lot: 7040 SF Zoning: R-3 Multifamily Residential zone Density: 14.5 units to the acre Permitted Uses: Duplexes, Single Family Homes Height Limits: 2 stories or 30 FT. Lot Coverage: 40% (remaining buildable SF: ~928 SF) Setbacks: Variable. See Phoenix Zoning Code Development Standards for further information. Potential Strategy Options: Value Add Opportunity #1: Owner occupy property. Rents are below market and ready to be raised to assist covering your expenses/mortgage. Value Add Opportunity #2: Modernize with improvements, raise rents, and sell or hold. Value Add Opportunity #3: Increase overall square footage by adding a second story, increasing opportunity to add bedrooms and potential gross income. Value Add Opportunity #4: Condo miniumize and sell individual units. Value Add Opportunity #5: Tear down wall in between units and make a single-family home. Value-Add Opportunity#6: Tear down and build new single family home. Recent sales in neighborhood range from the low $700s to over $1 million. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party's active conduct of its own due diligence to determine these and other matters of significance to such party. 

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