79 W Cypress St, Phoenix, AZ 85003

Welcome to the J and M Tharpe House, a stunning 1919 Craftsman Bungalow located in the heart of the iconic Willo Historic District, celebrated for its architecture and proximity to Downtown Phoenix's arts, dining, and sports venues. Listed $100,000 below comparable properties, this beautifully preserved home blends historic character with high quality renovations. A vaulted wraparound porch sets a warm tone, leading into an interior with two bedrooms, two bathrooms, original hardwood and tile flooring, and a cozy wood burning fireplace. The spacious kitchen features stone countertops, a prep sink, recessed lighting, an authentic AGA stove, and French doors that open to a lush backyard retreat. Within the past two years, the owners, one a well known interior designer, have completed extensive renovations throughout both the main house and the guest house. These updates include full electrical upgrades with exterior 50 and 30 amp power, new dimmable lighting, smooth interior walls, popcorn ceiling removal, interior painting, and restored original woodwork. Additional improvements include a new roof, custom gates, updated fixtures and toilets, keypad locks, custom roller shades, and newer water heater, washer, dryer, dishwasher, and refrigerator. The Kool Deck has been refinished, and both the guest house and laundry room feature new mini split systems. Exterior trim, eaves, and ceiling have also been painted. Set on over a quarter acre, the outdoor space includes a sparkling pebble tec pool, fruit trees, mature landscaping, and a private courtyard. The property also features a brick carriage house used as a workshop, a gated rear two car carport, and a front driveway that accommodates a 32 foot recreational vehicle and two additional vehicles. The detached 500 square foot guest house is a gem of its own, complete with hardwood floors, a full kitchen with gas hook up, a fireplace, and a poolside patio. Both homes are currently leased to medical professionals at $2,500 and $1,800 per month, making this property an exceptional income producing opportunity. All furniture available on a separate bill of sale.