1232 S 10TH Avenue, Phoenix, AZ 85007, Phoenix, 85007 - 4 bed, 2 bath
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Phoenix, AZ 85007
This block home represents a High-Potential Investment Opportunity with a List Price of $305,000—positioned well below the $448,506 Fair Market Value by 31%. This significant valuation gap provides $143,506 in Instant Equity for buyers. While the property has a Fair Condition Rating and requires cosmetic TLC, the 2024 Roof and Newer AC mitigate major capital expenditures. The Large Backyard Workshop offers high-yield potential for conversion into guest quarters. This high-equity asset is ideal 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 |
|---|---|---|---|---|---|---|
★ 1232 S 10TH Avenue Subject | $305,000* List Price | 4 | 2 | 1,296 | $346 | - |
A 1708 W SONORA Street Sold | $342,000 | 3 | 2 | 1,400 | $244 | 0.6 mi |
B 1837 W SONORA Street Active | $343,000 List Price | 4 | 1 | 1,269 | $270 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1964 and, while it features a brand-new roof (2024) and a newer AC system, the listing explicitly states it needs 'TLC' and is being sold 'As Is.' Interior images show dated tile flooring and finishes that reflect a lack of recent comprehensive renovation. It is functional and has been maintained with key system updates, but requires cosmetic and minor repairs to meet modern standards.
The property features a brand-new roof installed in 2024 and a newer AC system, providing significant value and peace of mind regarding high-ticket maintenance items.
A large workshop in the backyard offers excellent potential to be converted into guest quarters or an ADU, providing an opportunity for future rental income or increased equity.
The home is a solid block construction with a desirable 4-bedroom, 2-bathroom layout, offering a sturdy and functional foundation for a primary residence or investment.
The requirement for the buyer to assume a solar panel lease may complicate the financing process and adds a mandatory long-term monthly financial commitment.
The property is being sold in 'As-Is' condition and requires 'TLC,' indicating deferred maintenance that will necessitate additional immediate investment from the buyer.
This block home includes 4bedrooms 2bath, newer AC, roof replaced in 2024; property needs some TLC. Large workshop in the backyard, great potential to be converted into guest quarters. Buyer must assume Solar Panel Lease. Sold ''As Is''
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 80% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,296 | 1,511 | 33% |
| Lot Size | 6,007 | 7,355 | 6% |
| Price | $305.0K | $483.5K | 30% |
| Price per sq ft | $235 | $349 | 29% |
| Built year | 1964 | 1936 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 1425 | 1% |
Feb 14, 2026
$305,000
Initial Listing