1441 E MARYLAND Avenue 5, Phoenix, AZ 85014, Phoenix, 85014 - 1 bed, 1 bath
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Phoenix, AZ 85014
This High-Potential Investment Opportunity is a Turnkey Townhouse listed at $180,000, positioned slightly above the $175,663 Fair Market Value. Despite the premium, the property offers a stable 5.7% cap rate with a cooperative tenant in place, ensuring immediate cash flow. Featuring a Condition Rating of 3 with modern kitchen and bath updates, this unit requires no capital expenditure. Located in the desirable Bethany Home corridor with access to Madison Elementary schools, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, income-producing asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1441 E MARYLAND Avenue 5 Subject | $175,000* List Price | 1 | 1 | 550 | $313 | - |
A 1320 E BETHANY HOME Road 52 Active | $219,900 List Price | 1 | 1 | 672 | $327 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1958, the interior has undergone a significant renovation likely within the last 5-15 years. The kitchen features modern flat-panel cabinetry, stone countertops, and stainless steel appliances. The bathroom has been updated with a contemporary vanity and backsplash, and the unit features consistent tile flooring throughout. It is well-maintained and move-in ready, though the exterior patio shows some age-related cracking.
Situated in the highly sought-after Bethany Home and 16th Street corridor, the property offers exceptional access to trendy dining, shopping, and the 51 freeway.
Boasting a 5.7% cap rate at asking price with a cooperative tenant already in place, this unit represents a ready-made opportunity for immediate rental income.
This well-maintained 1958 residence features a private courtyard and a large patio opening to lush common areas, offering a unique low-density living experience.
The 'drive-by only' restriction until an offer is accepted may deter traditional buyers and complicates the initial due diligence process.
The $405 monthly association fee is relatively high for a 550-square-foot unit, which could impact the net cash flow and overall affordability.
This investment property needs a new landlord! Tenant in place until Oct 31 of this year who would like to stay. Mid Century one bedroom condominium in highly sought after Bethany Home and 16th Street corridor. Only 25 units on two acres of community grounds. Private courtyard in back plus a large patio in front that opens to a lush landscaped common area. Just a short distance to Community pool. Spacious living room has patio doors opening to green belt. Wonderful condition, no repairs are currently needed. Private parking space adjoining unit. In the heart of new restaurants , entertainment, and shopping. Minutes to the SR51 and quick access to the entire Valley. This is the place to live in Phoenix, and affordable too! Thanks for looking! Drive by only, full access will be granted with an accepted offer. 3 cap at asking. I have a full investment analysis available for the asking. The tenant is aware that we are selling and why, and is cooperative.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades 5-8 • 0.9 mi
Grades 9-12 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 550 | - |
| Lot Size | 564 | - |
| Price | $175.0K | $341.8K |
| Price per sq ft | $318 | $259 |
| Built year | 1958 | 0 |
| HOA | $405 | $0 |
| Days on market | 48 | 1211 |
Jun 19, 2026
$175,000
$180,000
-3% Price Drop
Initial Listing
Jun 4, 2026
$180,000
Initial Listing