Would You Take on This Flip? Or Too Much Work?

[Stepan Hedz]

Hey everyone, I came across an off-market property in Central Phoenix and wanted to get some thoughts. It seems like it could be a solid flip or rental, but it definitely needs some work.

Purchase price is $284,900, with a rehab estimate of around $115K and an ARV of $499,900. It’s a 2/1 main house with an attached 1/1 unit, sitting at roughly 1,800–2,000 sq. ft. (aerial measurement).

The renovation list is pretty long—roof, HVAC, windows, full interior updates, electrical, plumbing, landscaping... basically a full gut. But the location is great, and the layout could work for a flip or a rental with multiple units.

Would you take this on, or does it seem like more hassle than it’s worth? Curious to hear how you all would approach it!