18047 N 1ST Street, Phoenix, AZ 85022, Phoenix, 85022 - 3 bed, 2 bath
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Phoenix, AZ 85022
This Well-Maintained Manufactured Residence is a High-Potential Investment Opportunity, listed at $325,000—positioned well below the $425,894 Fair Market Value by 23%. This significant valuation gap provides $100,894 in Instant Equity. Boasting a Condition Rating of 3, the property features a new roof (2023), updated HVAC (2019), and a 44-foot concrete slab for RV parking. With FHA approval, owned land, and no lot rent, it offers rare financial stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-equity, move-in-ready asset.
Property is move-in ready.
The property is move-in ready and shows pride of ownership with significant recent upgrades. Although built in 2001, it has been extensively maintained with a new roof (2023), AC and plumbing replacements (2019), and dual-pane windows. The interior features modern wood laminate flooring throughout, updated ceiling fans, and a kitchen with newer stainless steel appliances. The second bathroom has been remodeled, and the overall condition exceeds the typical expectations for its age.
Unlike many manufactured homes, this property sits on owned land with no lot rent and a permanent foundation, making it eligible for FHA financing and offering superior long-term equity potential.
The home features significant high-ticket updates, including a new roof installed in 2023 and a replaced AC and plumbing system from 2019, minimizing immediate maintenance costs for the buyer.
The property is ideal for outdoor enthusiasts, offering a 44-foot concrete slab with a 12-foot double gate for RV or boat parking, plus a substantial 15x10 shed/workshop.
As a manufactured home, the property may face slower appreciation rates and a smaller pool of interested buyers compared to traditional stick-built single-family residences in the same price bracket.
The assigned public schools carry relatively low ratings, specifically a 2/10 for the middle school and 4/10 for the elementary and high schools, which may deter families prioritizing education.
Well-maintained manufactured home on owned land - NO lot rent or land lease. Permanent foundation and FHA approved property. LOW HOA fees. Move-in ready with wood laminate flooring throughout--no carpet! This home features a spacious great room with fireplace and a desirable split bedroom floor plan. The primary suite includes an attached 12x10 den/office, perfect for working from home or a private retreat. The large kitchen offers abundant cabinet space, an island with breakfast bar, with newer appliances including gas range/oven, and a stainless steel refrigerator that conveys. Additional features include six ceiling fans and an indoor laundry room. Enjoy the outdoors with a huge covered patio, wrap-around yard, and a 15x10 shed/workshop. The 12-ft double gate and 44' concrete slab provide excellent space for boat, or extra vehicle parking. Major updates include new roof (2023), AC and plumbing replaced in 2019, most windows upgraded to dual-pane, remodeled second bathroom, and new toilets, Located in a great community with pools and hot tub, just $30/month HOA. This centrally located home offers easy access to the I 17 and loop 101, nearby parks, and close proximity to Deer Valley and Scottsdale employment hubs!
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades 7-8 • 3.0 mi
Grades 9-12 • 1.8 mi
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 | 1,596 | 1,798 | 39% |
| Lot Size | 5,991 | 7,921 | 29% |
| Price | $325.0K | $420.0K | 36% |
| Price per sq ft | $204 | $268 | 35% |
| Built year | 2001 | 1985 | 89% |
| HOA | $30 | $13 | 51% |
| Days on market | 42 | 1051 | 0% |
Mar 15, 2026
$325,000
Initial Listing