1414 E PURDUE Avenue, Phoenix, AZ 85020, Phoenix, 85020 - 2 bed, 2 bath
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Phoenix, AZ 85020
This property presents a High-Potential Investment Opportunity with a List Price of $640,000—positioned slightly above the $621,259 Fair Market Value. While the property requires significant modernization given its Fair Condition Rating, the expansive 0.5-acre lot with R-6 zoning and horse privileges provides rare development upside. The inclusion of a separate 1-bedroom ADU offers immediate rental income potential. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive value-add renovation.
Property is extensive renovation needed.
Built in 1949 (77 years old) with no mentioned renovations to the kitchen, baths, or systems. The marketing emphasis on 'endless possibilities,' 'bring your vision,' and the half-acre lot value indicates the structures require significant rehabilitation and likely suffer from dated systems and potential structural/safety defects.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21780, living area = 1530.
The expansive 0.5-acre lot with R-6 zoning and horse privileges offers rare flexibility for expansion, equestrian use, or custom redevelopment in a central Phoenix location.
A separate 1-bedroom mother-in-law suite (ADU) provides excellent versatility for rental income potential, guest accommodations, or multigenerational living.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 4.
Originally built in 1949 and marketed as a 'vision' project, the property likely requires substantial modernization and capital investment to meet contemporary living standards.
The list price reflects the high value of the land and zoning rather than the existing structures, which may be a drawback for buyers seeking a move-in-ready residential experience.
Rare Sunnyslope Opportunity on a Spacious ½-Acre Lot! Discover the endless possibilities this unique property has to offer. The main home features 2 bedrooms plus a versatile bonus room, perfect for a home office, gym, playroom, or additional guest space. A separate 1-bedroom mother-in-law suite (ADU) provides excellent flexibility for multigenerational living, guests, or rental income potential. Situated on a generous ½-acre lot with R-6 zoning and horse privileges, this property offers ample room to create your dream lifestyle--whether that means building a stable, expanding the existing improvements, or designing your own private oasis. Enjoy the freedom of NO HOA while still being conveniently located near parks, hiking and recreation, mountain views, freeway access, shopping, d and other local amenities. Opportunities like this are hard to find in the heart of Sunnyslope. Bring your vision and make this one-of-a-kind property your own!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,530 | - |
| Lot Size | 21,780 | - |
| Price | $640.0K | $495.4K |
| Price per sq ft | $418 | $290 |
| Built year | 1949 | 0 |
| HOA | $0 | $0 |
| Days on market | 43 | 1260 |
Jun 9, 2026
$640,000
Initial Listing