1723 W CHERYL Drive, Phoenix, AZ 85021, Phoenix, 85021 - 3 bed, 2 bath
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Phoenix, AZ 85021
This Value-Add Residential Asset represents a High-Potential Investment Opportunity with a List Price of $350,000, reflecting a stable entry point at its $350,000 Fair Market Value. Currently holding a Poor Condition Rating, this boarded-up 1959 construction offers a generous 1,976 square foot footprint—larger than many surrounding properties—providing a massive canvas for forced appreciation. Located in a quiet Phoenix neighborhood with No HOA, the property’s spacious layout and central location offer significant ROI potential through a full-scale renovation. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1723 W CHERYL Drive Subject | $350,000* List Price | 3 | 2 | 1,976 | $177 | - |
A 9827 N 17TH Drive Sold | $315,000 | 3 | 2 | 1,849 | $170 | 0.2 mi |
B 9827 N 17TH Drive Sold | $315,000 | 3 | 2 | 1,849 | $170 | 0.2 mi |
C 1708 W MISSION Lane Sold | $365,000 | 3 | 2 | 2,068 | $176 | 0.6 mi |
D 1830 W SUNNYSLOPE Lane Active | $299,000 List Price | 4 | 2 | 1,686 | $177 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959, this property is currently boarded up and explicitly marketed as a fixer-upper requiring extensive work. While some interior areas show newer laminate flooring and carpet, the kitchen and bathrooms feature dated cabinetry and fixtures. The overall condition, combined with the boarded windows and the need for substantial rehabilitation of aged systems, aligns with the 'poor' classification.
Situated in a quiet, well-established neighborhood with convenient access to major freeways, shopping, dining, and schools in the heart of Phoenix.
Boasting nearly 2,000 square feet of living space, the property features a practical and generous floor plan that is larger than many comparable homes of its era.
With a competitive list price and a 'fixer-upper' status, this home offers significant equity-building opportunities for investors or DIY-oriented homeowners.
The property is explicitly noted as needing work, which will require a substantial upfront capital investment for repairs and modernization.
Built in 1959, the home likely features aged systems and finishes that may not meet modern energy efficiency or aesthetic standards without a full overhaul.
Welcome to 1723 W Cheryl Dr, Phoenix, AZ 85021 — a charming 3-bedroom, 2-bath home situated in a quiet, well-established neighborhood. This property features a practical floor plan with spacious living areas, comfortable bedrooms, and a warm, inviting feel throughout. Whether you're an investor or a homeowner looking for a project, this home offers excellent potential. Conveniently located near shopping, dining, schools, and major freeways, it provides easy access to everything Phoenix has to offer. Bring your imagination — the home needs work, but the possibilities are endless.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,976 | 2,068 | 46% |
| Lot Size | 6,081 | 10,372 | 5% |
| Price | $350.0K | $373.0K | 48% |
| Price per sq ft | $177 | $269 | 37% |
| Built year | 1959 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 356 | 1404 | 35% |
May 5, 2025
$350,000
Initial Listing