Looking for a property to add to your portfolio - this property has the location, historic tax district breaks, low yard water costs, AND has active income generating lease in place from Jan 15th, 2025-Jan 30th, 2026. This location is a gem! Property is located in the Medlock Historic District, get the benefits of the discounted property taxes while also being close to Central & Camelback shopping - AJ's fine foods, Windsor, Postino's, Federal Pizza, Churn, soon to be ''The Henry'', and just steps away from Hatch, and the corner cafe on 7th & Missouri. Sleep soundly at night, this property has been updated with integrity. Not only has this seller permitted the replacement of structural beams - framing walls - all sewer and pressurized water lines - wiring and electrical panel,... ...but seller also worked closely with an architect, structural engineer, and hired a licensed, bonded, and insured contractor to complete the work and produce an updated historical home that a buyer can sleep soundly about owning. The updates performed on this property do not stop there. The exterior was smooth stuccoed, dual pane vinyl windows installed, A/C unit and duct work replaced (''Trane'' AC unit), water heater is also new and tankless, roof was entirely replaced, R-38 insulation rating blew-in in the attic. Not only is this property highly energy.. efficient, but its owner will benefit in property tax savings. Property is located in the Medlock Historic District and also has flood irrigation rights grandfathered to the land - making watering your lawn and keeping your grass green affordable (approximately $150 a year). Kitchen has a quality update as well, with new solid wood shaker cabinets, S.S. appliances, beautiful granite counters with a breakfast bar seating overhang, and large single-basin sink with an over-the-sink window. All light multi shade wood-like floors - installed properly and ran throughout the entire property with updated baseboards to finish it off. Hall linen storage cabinet and a fully updated bathroom with floor to ceiling stone walk-in shower, new granite topped vanity and toilet. Interior washer and dryer convey - with direct entry to the carport. Carport also has a key-code locking gate for direct entry to the backyard. Back door exits to the slabbed patio and overlooks the large lush and green grassed backyard. Generously sized storage shed. Property is prime for a guest house or accessory dwelling OR even a pool. The quality of this update speaks for itself and really shines in person. Floor layout is sensible for size and flows nicely. Location is convenient to great local eateries and one of the best dry cleaners in town