1636 S 28TH Drive, Phoenix, AZ 85009, Phoenix, 85009 - 2 bed, 1 bath
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Phoenix, AZ 85009
This High-Demand Investment Asset represents a Strong Value Opportunity with a List Price of $299,000—positioned well below the $329,844 Fair Market Value by 9%. This valuation gap provides $30,844 in Instant Equity. While the property has a Condition Rating of 4, its 7,554-square-foot lot and proximity to Downtown Phoenix drive high rental demand. Featuring flexible seller financing with 10% down, this income-producing property is a strategic acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1636 S 28TH Drive Subject | $299,000* List Price | 2 | 1 | 750 | $440 | - |
A 2825 W Madison Street Active | $299,990 List Price | 3 | 1 | 968 | $310 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, this property is a functional but dated investment asset. While the interior features durable tile flooring and appears maintained enough for its current rental use, the kitchen and overall aesthetic are significantly outdated with older cabinetry and basic fixtures. The property shows signs of age-related wear and lacks modern upgrades, fitting the criteria for a home that is functional but requires modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7554, living area = 750.
Positioned as the lowest-priced single-family home in the 85009 zip code, this property offers a rare entry-level price point in a high-demand market.
The owner is offering attractive carry terms with only 10% down and flexible conditions, providing a significant advantage for investors or buyers who may face traditional lending hurdles.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 750, other record living area = 564.
With only 750 square feet of living space, the small 2-bedroom, 1-bathroom layout may limit the property's appeal to larger families or those seeking more spacious accommodations.
The property is subject to tenants' rights, which may prevent immediate possession for owner-occupants and could delay any planned renovations or upgrades.
High-Demand Investment Opportunity - Priced to Sell! Great rental investment with low maintenance costs, ideally located near Downtown Phoenix in a high-demand area. This property offers immediate cash flow, making it an excellent income-producing asset from day one. Priced competitively, it is currently the lowest-priced single-family home in the zip code, presenting a rare value opportunity for investors. Owner will carry with just 10% down and flexible, easy terms, making this deal even more attractive. Don't miss out on this affordable, high-potential investment in a prime location! Tenants' Rights.
No exterior & parking available.
Grades PK-8 • 0.3 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 750 | 1,260.5 | 6% |
| Lot Size | 7,554 | 6,410 | 77% |
| Price | $299.0K | $245.8K | 66% |
| Price per sq ft | $399 | $192 | 96% |
| Built year | 1946 | 1953 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 1214 | 1% |
Apr 5, 2026
$299,000
Initial Listing