This 1950-built Phoenix property shows moderate flip potential with its location in Eastlake Park. Currently valued around $330K with recent upward trends in valuation, the 1,232 sqft single-family home sits on a generous 7,000 sqft lot. The Phoenix market is stabilizing with increasing buyer negotiation power and continued price appreciation.
Consider a moderate renovation focusing on modernizing the single bathroom and upgrading the wall furnace heating system. With comparable properties selling at $450K median price and $302/sqft, there's potential for approximately $75K profit after improvements. Target buyers looking for affordable options in a market predicted to be among the top 10 housing markets in 2025.