2028 E GRANADA Road, Phoenix, AZ 85006, Phoenix, 85006 - 3 bed, 2 bath
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Phoenix, AZ 85006
This property presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned well above the $337,776 Fair Market Value by -11%. Featuring a Condition Rating of 5, the home requires significant interior rehabilitation, though it benefits from stable major systems. The expansive 8,825 sqft lot provides excellent ADU Development Potential for long-term rental income. While school ratings are modest, the property’s structural foundation makes it a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to force appreciation through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2028 E GRANADA Road Subject | $375,000* List Price | 3 | 2 | 1,645 | $205 | - |
A 1913 N 22ND Place Sold | $410,000 | 3 | 3 | 2,037 | $201 | 0.3 mi |
B 2041 E HARVARD Street Sold | $267,650 | 3 | 1 | 1,382 | $194 | 0.3 mi |
C 1822 N 18TH Place Sold | $450,000 List Price | 3 | 2 | 1,749 | 0.3 mi | |
D 1509 E WILLETTA Street Sold | $375,000 List Price | 4 | 3 | 2,093 | 0.8 mi | |
E 1818 N 21ST Place Pending | $420,000 List Price | 3 | 2 | 1,822 | $231 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950, this property requires a significant rehab to be move-in ready. While the listing notes functional HVAC and roof systems, the interior is in poor condition with missing flooring in multiple rooms, dated wood paneling, and a kitchen that has only received superficial cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8825, living area = 1645.
The roof, HVAC system, and water heater are all reported to be in good condition, providing peace of mind and reducing immediate capital expenditures for the buyer.
The generous 8,825 sqft lot offers the potential to add an Accessory Dwelling Unit (ADU), creating a significant opportunity for rental income or multi-generational living.
The property requires cosmetic updates and personal touches throughout, which will necessitate an additional budget and time investment after closing.
The assigned elementary and high schools both carry a rating of 3, which may be a drawback for families prioritizing top-tier public school districts.
Endless Opportunity Awaits! Whether you're a first-time homebuyer looking to build equity or an investor seeking value-add potential, this property offers a rare combination of solid fundamentals and future upside. The roof, HVAC system, and water heater are all in good condition, allowing the next owner to focus on cosmetic updates and personal touches. The spacious lot may offer the potential to add an ADU (buyer to verify), creating additional income opportunities and long-term value. With strong bones, flexible possibilities, and room to make it your own, this is a property where vision and creativity can truly pay off. Conveniently located near shopping, dining, schools, and major commuter routes.
No exterior & parking available.
Grades K-8 • 0.7 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,645 | - |
| Lot Size | 8,825 | - |
| Price | $375.0K | $495.4K |
| Price per sq ft | $228 | $290 |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 40 | 1260 |
Jun 12, 2026
$375,000
Initial Listing