Rarely does a gem like this become available at such an incredible margin. Tons of character and charm. The possibilities are endless! You could fix this and flip it, fix it refi and keep it for either a short-term or long-term rental, OR keep it for yourself and move in! Very livable as is with upgraded cabinets and electric. Walking distance to all that historic downtown Gilbert has to offer! Charming street with a detached office/shop in the back. Just add plumbing and this would be an excellent guest house! Roof was recently replaced, and the AC is regularly maintained.
48 S Catalina St Gilbert, AZ 85233
3-bedroom, 2 bathroom
1,620 sqft
Built 1956
1 carport
Wholesale Price: $410,000
ARV: $550,000++
Call/Text Andy 602-380-5981
Comps:
1) 120 E Linda Ln – pending for $550k in less than 30 days, similar sqft/vintage but lacking detached office
2) 25 S Saguaro – pending at $408/sqft in only 2 weeks and is an Open Door special only one street over from subject
3) 124 E Vaughn – sold for $610k and only 1,200 sqft and 2/1
As you can see this beauty has a LOT of meat on the bone. Massive upside in this extremely popular East Valley area!
Call/Text Andy 602-380-5981