6419 s 7th street case study
PDF · 21 May 2025
One-page case study (author: Pete Schnepp) describing acquisition and fast exit of a 1.91-acre multifamily development site at 6419 S 7th Street, South Phoenix, AZ. Purchased Nov 2024 for $630,000 with 90% seller financing and a $63,000 HELOC-funded down payment (no personal cash out). Held ~4 months and sold pre-entitlement in Mar 2025 for $823,000, producing net profit after interest of $168,630 on ~$20.4K cash invested.
Questions this document answers
$630,000
November 2024
$63,000 via HELOC (no personal cash out of pocket)
90% seller-financed at 10% interest-only
March 2025