1029 E MCKINLEY Street, Phoenix, AZ 85006, Phoenix, 85006 - 2 bed, 1 bath
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Phoenix, AZ 85006
This 1926 Value-Add Asset is a High-Potential Investment Opportunity with a List Price of $365,000, positioned at a stable $365,000 Fair Market Value. While the property currently holds a Condition Rating of 5 and requires significant rehabilitation, the recent New HVAC System and Detached Car Garage provide a strong foundation for forced appreciation. Located in the appreciating 85006 corridor near Garfield School and North High School, the property is primed for a modern reimagining to maximize rental yield. This acquisition is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1029 E MCKINLEY Street Subject | $365,000* List Price | 2 | 1 | 825 | $442 | - |
A 510 N 10TH Street Active | $415,000 List Price | 3 | 1 | 768 | $540 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926, this property is a significant fixer-upper requiring substantial rehabilitation. While the HVAC system was recently updated, the exterior features peeling paint and weathered siding, and the interior shows heavily worn flooring and dated wall textures. The kitchen and living spaces are described as needing to be 'reimagined,' and the overall condition suggests that major systems and cosmetic finishes have exceeded their typical lifespan, requiring an investor-level renovation to meet modern standards.
The property features a new A/C system installed just one year ago, providing essential climate control efficiency and peace of mind in the Phoenix heat.
The inclusion of a detached car garage and a fully fenced lot offers rare secure parking and private outdoor space for a historic urban property.
Located in the 85006 zip code, the home offers excellent proximity to downtown Phoenix, major freeways, and a variety of shopping and dining options.
At only 825 square feet with a single bathroom, the home's small footprint may be restrictive for families or those requiring a home office.
The property is positioned as a fixer-upper 'brimming with potential,' indicating that significant additional investment is needed to modernize the kitchen and interior.
Fantastic opportunity to own this 2-bed, 1-bath home situated on a fully fenced lot! New A/C 1 yr. The front porch is just the beginning. Inside, the bright & light living area seamlessly flows onto the formal dining space. The galley kitchen, featuring a gas range & wood cabinetry, is brimming with potential - ready to be reimagined into your ideal culinary space. Each bedroom is perfectly sized for functionality. Check out the private backyard, an ideal spot to craft your own outdoor haven with room for a patio, garden, or seating area! The detached car garage is an added perk. Whether you're an investor looking to design & elevate, or a homeowner with a vision, this property is your chance to shape something truly special. Close to schools, shopping, dining, entertainment, & freeways.
No exterior & parking available.
Grades PK-8 • 0.4 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 825 | 1,344 | 5% |
| Lot Size | 3,438 | 6,789 | 1% |
| Price | $365.0K | $415.3K | 38% |
| Price per sq ft | $442 | $327 | 86% |
| Built year | 1926 | 1942 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 342 | 1489 | 36% |
May 19, 2025
$365,000
Initial Listing