2006 W MONROE Street, Phoenix, AZ 85009, Phoenix, 85009 - 2 bed, 2 bath
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Phoenix, AZ 85009
This property presents a Strong Value Opportunity with a List Price of $299,000—positioned well below the $325,409 Fair Market Value by 8%. This valuation gap offers $26,409 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a Brand New Roof, Brand New HVAC, and an Upgraded Kitchen. With no HOA and potential for a 3-bedroom conversion, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready asset near Downtown Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2006 W MONROE Street Subject | $289,000* List Price | 2 | 2 | 1,288 | $192 | - |
A 2206 W TONTO Street Sold | $269,999 List Price | 4 | 3 | 1,621 | 0.8 mi | |
B 2130 W Sherman Street Active | $374,975 List Price | 3 | 2 | 1,461 | $257 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1941 build date, the property has undergone a recent high-quality renovation including a brand new roof, brand new HVAC system, and an upgraded kitchen with stainless steel appliances. The interior features modern flooring and recessed lighting, making it move-in ready with no immediate maintenance required.
The property features a brand new roof and a brand new HVAC system, providing significant value and reducing immediate capital expenditure for the buyer.
Conveniently situated just minutes from Downtown Phoenix, the home offers excellent access to major freeways, shopping, dining, and entertainment hubs.
With no HOA restrictions and a layout that can easily be converted into a 3-bedroom residence, this property presents a strong opportunity for equity growth.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Built in 1941, the home may have aging infrastructure or historical construction elements that require more maintenance than a modern build.
The assigned public schools have lower performance ratings, which may limit the property's appeal to families prioritizing high-ranking educational institutions.
GREAT INVESTMENT OPPORTUNITY! This home has incredible potential and can easily be converted into a 3-bedroom home. Features include a BRAND NEW roof, BRAND NEW HVAC system, and an upgraded kitchen. No HOA! Conveniently located just minutes from Downtown Phoenix with easy access to dining, entertainment, shopping, and freeways. Don't miss this opportunity!
No exterior & parking available.
Grades PK-8 • 1.3 mi
Grades PK-8 • 1.4 mi
Grades 9-12 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,288 | - |
| Lot Size | 6,250 | - |
| Price | $289.0K | $495.4K |
| Price per sq ft | $224 | $290 |
| Built year | 1941 | 0 |
| HOA | $0 | $0 |
| Days on market | 82 | 1260 |
Jul 16, 2026
$289,000
$299,000
-3% Price Drop
Initial Listing
May 1, 2026
$299,000
Initial Listing