2822 N 29th St., Phoenix, AZ 85008

1930's vintage farm house, 3 bedroom, 1 bath. Currently leased by a tenant who will stay at market rent of about $1,250/month. House sits on large lot that has redevelopment potential for new build. Houses in immediate area selling in the mid $600k range for custom built design. Location at 29th St and Thomas is strategically valuable for easy access to downtown Phoenix, route 51 and commercial development along Thomas. This is a stable neighborhood in active transition to larger houses in rapidly appreciating area.