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$675,000
3 Beds 2 Baths 6980682 MLS 1,118 SqFt.
Fall is the season Willo was made for, and 29 W Wilshire Drive is ready for it. This 1940 red brick bungalow offers a 2 bed/1 bath main home plus a separate 1 bed/1 bath casita, all set on a tree lined street in one of Phoenix's most coveted historic neighborhoods. Willo isn't just another historic district, it's a place that still feels connected. Sidewalks people actually use, and porches where neighbors still wave hello. Tucked at the end of a quiet street, this home offers something new construction cannot replicate: original character surrounded by a community that shows up for one another other. Willo is known for its walkability, its block parties, and a neighborhood watch built on people who genuinely care. It's rare to find that kind of closeness this close to downtown. Inside, the main house delivers original hardwood floors, coved ceilings, vintage windows, a cozy fireplace, and an iconic clawfoot tub. The owner's suite includes a flexible bonus room and walk-in closet, plus a bright kitchen with a generous walk-in pantry and a dedicated laundry room. The standout opportunity is the fully separate casita, complete with its own private entrance and approximately 260 SF of open concept living. It is an excellent way to offset your monthly payment as a rental, or a comfortable, independent space for family or guests. Outside, a lush backyard with turf, mature citrus trees, curated desert plantings, and a covered back porch creates a private retreat, while a grassy front yard and pavered walkway set a warm tone from the street. Practical highlights include an oversized 1 car garage, two separate driveways, and dual street access from both Central and 3rd Avenues. Accessible to light rail, parks, and downtown Phoenix dining and culture.

29 W Wilshire Drive, Phoenix

$625,000
5 Beds 5 Baths 6770097 MLS
5-UNIT VALUE-ADD INVESTMENT OPPORTUNITY | $625,000 | Approx. $125,000 Per Unit Small portfolio. Big opportunity.Terrace, offering investors an opportunity to acquire a manageable workforce housing portfolio with future flexibility. Each residence is a 1-bedroom plus den / 1-bath floor plan (the den functions as a bedroom but does not have a window) and includes its own washer and dryer. Priced at $625,000--approximately $125,000 per unit--this portfolio is well suited for investors looking to expand an existing rental portfolio or establish a meaningful presence in the Phoenix workforce housing market.The projected income profile offers attractive risk-adjusted return potential for investors who understand value-add opportunities and active portfolio management.This is an unwarrantable condominium community, making conventional residential financing challenging. The ideal purchaser will utilize commercial financing, cash, a 1031 Exchange, private capital, or other investment strategies appropriate for this type of asset. Investment Highlights: Individually deeded condominium ownership allowing future resale flexibility. Professionally managed HOA. Renovated units with in-unit washer and dryer. Strong workforce housing demand in North Phoenix. Covered parking, community pool, on-site management office, barbecue area and convenient freeway access. Attractive entry point at approximately $125,000 per unit. This portfolio offers investors an opportunity to own income-producing real estate with operational upside while maintaining a manageable five-unit footprint. If you're looking for a pristine institutional asset, this isn't it. If you're looking for cash flow, upside, and know how to operate Class C workforce housing, let's talk.

18202 Cave Creek Road Unit 5 units, Phoenix

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Between $600K - $700K Phoenix Real Estate

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