15424 W CORTEZ Street, Surprise, AZ 85379, Surprise, 85379 - 3 bed, 2 bath
Loading property details...
Surprise, AZ 85379
This property presents a Strong Value Opportunity with a List Price of $369,900—positioned above the $351,505 Fair Market Value. While priced slightly above market, this Buy-and-Hold Investor asset offers immediate cash flow with a quality tenant in place. The home features a functional 1,762 sqft layout and a private patio, situated in a prime location near top-rated schools like Rancho Gabriela. Given the Fair Condition Rating and aging HVAC, this is an ideal acquisition for long-term investors seeking a stable, income-generating rental in a high-demand Surprise neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15424 W CORTEZ Street Subject | $369,900* List Price | 3 | 2 | 1,762 | $199 | - |
A 15475 W YUCATAN Drive Sold | $335,000 | 3 | 2 | 1,286 | $260 | 0.2 mi |
B 15475 W YUCATAN Drive Sold | $335,000 | 3 | 2 | 1,286 | $260 | 0.2 mi |
C 14836 W DESERT HILLS Drive Sold | $322,900 | 3 | 2 | 1,670 | $193 | 0.7 mi |
D 14836 W DESERT HILLS Drive Sold | $322,900 | 3 | 2 | 1,670 | $193 | 0.7 mi |
E 14710 W LAUREL Lane Sold | $365,000 | 3 | 3 | 1,747 | $209 | 0.8 mi |
F 15454 W Cameron Drive Active | $374,995 List Price | 4 | 2 | 1,921 | $195 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is 23 years old, placing it in the Fair category (>20y). While described as well-maintained for an investment, the exterior image shows deferred landscape maintenance and an HVAC condenser that appears to be of significant age, likely nearing the end of its functional lifespan.
This turnkey investment property features a quality tenant already in place at a strong rental rate, providing the buyer with immediate income and a seamless transition from day one.
Situated in the desirable Rancho Gabriela community, the home is within walking distance (0.2 miles) of local schools and conveniently close to shopping, dining, and major commuter routes.
With 1,762 square feet of living space, this 3-bedroom, 2-bathroom home offers a spacious and practical floor plan that maintains high rental appeal and long-term value.
The presence of an existing tenant limits the property's appeal to owner-occupant buyers who require immediate possession, narrowing the potential buyer pool to primarily investors.
Built in 2003, the property is over 20 years old, meaning major components such as the HVAC system and roof may be approaching the end of their typical lifespan and require future capital expenditure.
Turnkey investment opportunity in a desirable Surprise location! This well-maintained home comes with a quality tenant in place at a strong rental rate, providing immediate cash flow from day one. Conveniently located near shopping, dining, parks, schools, and major commuter routes, this property offers excellent rental appeal and long-term investment potential.
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades PK-8 • 1.1 mi
Grades 9-12 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,762 | - |
| Lot Size | 5,520 | - |
| Price | $369.9K | $421.2K |
| Price per sq ft | $210 | $228 |
| Built year | 2003 | 0 |
| HOA | $65 | $0 |
| Days on market | 36 | 2433 |
Jun 16, 2026
$369,900
Initial Listing