Off-Market Investment Opportunity — 5144 W Desert Cove Ave
Assignment of Contract opportunity in the Phoenix/Glendale area. This single-level block home offers a spacious open floor plan, large living areas, private pool, covered patio, RV access/parking potential, no HOA, and strong value-add upside for an investor looking for a fix-and-flip or rental opportunity.
The home does need cosmetic updating and investor-grade renovation. Needed improvements include new flooring, interior paint, exterior paint, kitchen updating, both bathroom updates, and front/back landscaping. The roof appears to be in good condition. HVAC is approximately three years old. Pool equipment is brand new within the last six years and has been rewired at the pool equipment area. The pool is currently drained and has not had water in it for a few weeks, but the pool equipment is reported to be working properly and in good condition. Pool plaster appears to be in good shape.
Deal Terms:
Asking Price: $300k — assignment fee included
EMD: $3,000
Close of Escrow: June 26
Occupancy: Seller-occupied
Post-Closing Possession: Seller to have five (5) days after closing to vacate and deliver keys/remotes/access devices. A $5,000 seller proceeds holdback is agreed to in the signed contract and will be held in escrow until the seller fully vacates, removes personal belongings, and delivers keys, garage door openers, and possession to the buyer. Once possession is delivered, the $5,000 holdback is to be released to the seller pursuant to escrow/title instructions.
Buyer Notes:
This property is being offered as an assignment of contract. Buyer is responsible for verifying all information, including but not limited to property condition, square footage, lot size, roof, HVAC, pool, pool equipment, plumbing, electrical, permits, zoning, school district, taxes, ARV, rental value, renovation costs, and all other items material to buyer’s purchase decision. Property is being sold as-is.