2119 W ELM Street, Phoenix, AZ 85015, Phoenix, 85015 - 3 bed, 2 bath
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Phoenix, AZ 85015
This property represents a High-Potential Investment Opportunity with a List Price of $379,000—positioned well below the $423,322 Fair Market Value by 10%. This valuation gap offers $44,322 in Instant Equity for buyers prepared to rehabilitate this Condition Rating 5 asset. Marketed as an Investor Special, the property features a detached office/shop with significant ADU conversion potential and rare seller financing options. Located in the revitalizing Westwood neighborhood, this is a premier value-add acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2119 W ELM Street Subject | $379,000* List Price | 3 | 2 | 1,134 | $373 | - |
A 1930 W MISSOURI Avenue Sold | $454,500 | 3 | 2 | 1,298 | $350 | 0.8 mi |
B 5325 N 19TH Drive Sold | $355,000 List Price | 3 | 2 | 1,114 | 0.7 mi | |
C 2146 W INDIANOLA Avenue Sold | $420,000 | 3 | 1 | 1,210 | $347 | 1.0 mi |
D 1811 W ROMA Avenue Sold | $450,000 | 3 | 2 | 1,425 | $316 | 0.5 mi |
E 2027 W MEDLOCK Drive Sold | $343,000 | 3 | 2 | 1,333 | $257 | 0.3 mi |
F 5044 N 18TH Avenue Sold | $345,000 List Price | 3 | 2 | 1,420 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1948 property is explicitly marketed as an 'Investor Special,' indicating it requires substantial rehabilitation. Interior photos show a dated kitchen with old appliances, worn tile flooring throughout, visible cracks in the plaster/drywall, and aging ceiling fans and fixtures. The home shows significant signs of deferred maintenance and requires a full renovation to address both cosmetic and likely systemic issues.
The property includes a detached office and shop space, offering a prime opportunity to create an Accessory Dwelling Unit (ADU) for additional rental income or increased resale value.
The availability of seller financing with a 15% down payment provides a significant advantage for investor buyers looking for creative and accessible acquisition options.
Located in the Westwood neighborhood within the Central North Corridor, the property is positioned in an area undergoing active revitalization near major arts, dining, and entertainment districts.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6918, other record lot size in square feet = 13566.
Designated as an 'Investor Special' and built in 1948, the home likely requires substantial capital investment to address aging systems and modern cosmetic needs.
The assigned public schools for this location have low performance ratings, which may deter traditional family buyers and limit the pool of long-term owner-occupants.
Investor Special! 3 bedroom, 2 bathroom home with 2 car carport & detached office & shop! Detached office/shop perfect opportunity to convert to an ADU! Two large covered patios! Interior laundry! Beautiful Westwood neighborhood - lots of revitalization! Central North Corridor Arts & Entertainment District, Dining & Shopping!! Seller financing available with 15% down to investor buyers only.
No exterior & parking available.
Grades K-3 • 0.2 mi
Grades 4-8 • 0.6 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
No neighborhood comparison data available.
Mar 25, 2026
$379,000
Initial Listing