1005 S 2ND Street, Phoenix, AZ 85004, Phoenix, 85004 - 3 bed, 1 bath
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Phoenix, AZ 85004
This Residential Investment Asset is listed at $240,000, positioned accurately at its $240,000 Fair Market Value. The property holds a Condition Rating of 4, featuring critical system updates including a New HVAC and Roof replaced within the last five years. Located in the high-demand 85004 zip code near Silvestre S Herrera School, the home offers a unique Park View and sits on a generous 7,415 sqft lot with high utilization potential. With a month-to-month tenant providing immediate cash flow, this property is a strategic value-add opportunity for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1005 S 2ND Street Subject | $240,000* List Price | 3 | 1 | 1,428 | $168 | - |
A 1612 S 5TH Street Active | $250,000 List Price | 3 | 2 | 1,232 | $203 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
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 | 2.0 | 33% |
| Square foot | 1,428 | 1,897 | 33% |
| Lot Size | 7,415 | 7,415 | 50% |
| Price | $240.0K | $240.0K | 50% |
| Price per sq ft | $168 | $168 | 50% |
| Built year | 1936 | 1930 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 126 | 279 | 33% |
Feb 8, 2026
$240,000
Initial Listing