1005 S 2ND Street, Phoenix, AZ 85004, Phoenix, 85004 - 3 bed, 1 bath
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Phoenix, AZ 85004
Analysis of 1005 S 2ND Street, Phoenix, AZ 85004 is currently available with a list price of $240,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a 1936 build that has been maintained with critical system updates, including a roof and HVAC replacement within the last five years. While the exterior has been refreshed with paint and stucco, the interior remains dated. The kitchen shows signs of wear with misaligned cabinetry and older fixtures, and the single bathroom is basic and aged. It is functional and currently tenant-occupied, but requires cosmetic updates and minor interior repairs to reach a 'good' condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7415, living area = 1428.
The HVAC system and roof have both been replaced within the last five years, providing significant value and reducing immediate capital expenditure for the buyer.
Situated on a quiet street directly across from the Central Park Recreation Center, the property offers a desirable setting within the high-demand 85004 zip code.
The 3-bedroom, 1-bathroom configuration is a drawback for modern families and may limit the property's ultimate rental or resale ceiling.
The property is being sold in as-is condition, which implies that despite recent exterior and system updates, significant interior renovation may still be required.
Located on a quiet street across from Central Park Recreation Center. This 3 BR/1 BA investment opportunity is offered as is. Current owner has replaced the HVAC and roof within the past 5 years, along with some new flooring and exterior paint/stucco. Great potential as a fix/flip or current rental. Property in Tenant Occupied. Do not disturb Tenant and ask to view property. Must have permission from listing agent. See private remarks for additional restrictions. Current tenant on month to month lease.
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades 9-12 • 4.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,428 | 1,428 | 50% |
| Lot Size | 7,415 | 7,415 | 50% |
| Price | $240.0K | $264.0K | 43% |
| Price per sq ft | $168 | $224 | 43% |
| Built year | 1936 | 1930 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 73 | 226 | 14% |
Feb 8, 2026
$240,000
Initial Listing