2112 N 24TH Place, Phoenix, AZ 85008, Phoenix, 85008 - 2 bed, 1 bath
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Phoenix, AZ 85008
This property represents a High-Potential Investment Opportunity, listed at $344,900—positioned well below the $350,330 Fair Market Value by 1.5%. This valuation gap offers $5,430 in Instant Equity. Featuring a Condition Rating of 2 with recent renovations, the home includes approved expansion plans for a 3-bedroom main house and a 2-bedroom guest house on an expansive lot. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking significant long-term development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2112 N 24TH Place Subject | $344,900* List Price | 2 | 1 | 896 | $391 | - |
A 1113 N 25TH Place Sold | $400,000 | 3 | 1 | 1,059 | $378 | 0.7 mi |
B 2012 N 24TH Place Active | $399,495 List Price | 3 | 1 | 1,174 | $340 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1930 build date, the property has undergone a comprehensive recent renovation (likely <5 years). It features modern laminate flooring, fresh interior and exterior paint, updated doors and trim, and a fully remodeled bathroom with contemporary floor-to-ceiling tile. The systems and finishes appear in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9169, living area = 896.
The property comes with approved plans to expand the main house to a 3-bedroom, 2-bathroom layout and add a 2-bedroom guest house, offering massive value-add and rental income potential.
The oversized 9,169 sqft lot features rare RV gate access from both the front street and the back alley, providing exceptional utility for vehicle enthusiasts or business storage.
At only 896 square feet with a single bathroom, the current footprint is quite restrictive for modern families and may require immediate investment in the expansion plans.
Built in 1930, the home likely faces challenges associated with century-old construction, potentially requiring costly updates to electrical, plumbing, or structural systems.
Discover the charm of this cozy 2-bedroom, 1-bathroom home, perfect for first-time buyers or small families. Ideally located just minutes from downtown and the vibrant Scottsdale area, this property offers convenience and lifestyle. Situated on an expansive lot with RV gate access from both the front street and back alley, it's a dream for vehicle enthusiasts or business owners in need of extra space. This property also comes with approved plans for an incredible transformation! The main house can be expanded to a 3-bedroom, 2-bathroom layout, while the plans include a 2-bedroom, 1-bathroom guest house. Whether you're an investor or looking to accommodate extended family, guests, or generate rental income, this property is full of potential and possibilities.
No exterior & parking available.
Grades K-8 • 0.6 mi
Grades K-8 • 0.6 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 896 | - |
| Lot Size | 9,169 | - |
| Price | $344.9K | $495.4K |
| Price per sq ft | $385 | $290 |
| Built year | 1930 | 0 |
| HOA | $0 | $0 |
| Days on market | 13 | 1260 |
Jul 9, 2026
$344,900
Initial Listing