1002 Polk St Phoenix, AZ 85007

Listing details for 1002 Polk St, Phoenix, AZ 85007 : Vacant investor special and fixer-upper with huge upside! This red brick property offers a rare value-add opportunity near Downtown Phoenix. The main home is set up as a 5 bed / 5 bath layout, ideal for a PadSplit / co-living strategy or a strong rental hold once renovated. There's also an approx. 700 sq ft casita that can be finished and rented separately for additional income. Projected rents are around $1,000 per bedroom in the main house plus ~$1,500/month for the casita, for an estimated $6,500/month total potential. Seller is motivated and is looking for a cash offer with a quick close. Located minutes from Downtown Phoenix with easy access to major freeways, jobs, dining, nightlife, and entertainment.