
Phoenix, AZ 85015
This townhouse presents a High-Potential Investment Opportunity with a List Price of $119,900—positioned well above the $105,316 Fair Market Value. While the property requires modernization, its Condition Rating of 4 and proximity to Grand Canyon University drive consistent rental demand. The inclusion of a large private patio adds functional value to the 960 sqft floor plan. This asset is a strategic acquisition for Buy-and-Hold Investors or first-time buyers capable of executing cosmetic renovations to maximize long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2132 W GLENROSA Avenue 84B Subject | $119,900* List Price | 2 | 2 | 960 | $110 | - |
A 5106 N 17TH Avenue 24 Sold | $125,000 List Price | 2 | 2 | 887 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, the property is over 50 years old and largely dated. While the listing mentions an updated bathroom, the kitchen features older laminate countertops, white coil-top appliances, and aged cabinetry. The interior shows signs of wear, including older carpeting and personalized paint, indicating a need for cosmetic updates and modernization.
Priced under $120,000, this property offers a highly competitive entry-level price point that is increasingly rare in the Phoenix market, making it an attractive option for investors or first-time buyers.
The property's proximity to Grand Canyon University, major freeways, and local shopping centers ensures high rental demand and convenient accessibility for residents.
The inclusion of a large private patio is a significant asset for a townhouse, providing a rare and functional outdoor space for relaxation, gardening, or dining.
Described as having 'lots of potential,' the property likely requires cosmetic or functional updates to modernize the space and maximize its market value.
The monthly association fee of $292 is relatively high compared to the listing price, which may impact the overall debt-to-income ratio for some buyers.
Lots of potential in this charming 2-bedroom, 1.5-bath townhouse! Welcome home to a functional and inviting floor plan featuring an open-concept main level with a spacious living area, convenient half bath, and kitchen perfect for everyday living and entertaining. Upstairs, you'll find two generously sized bedrooms and a full bathroom that has been tastefully updated. Step outside to enjoy a large private patio -- ideal for relaxing, gardening, or outdoor dining. Conveniently located near the freeway, shopping, dining, and Grand Canyon University, this home offers easy access to everything you need while providing an excellent opportunity to add your personal touch.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 960 | - |
| Lot Size | 450 | - |
| Price | $119.9K | $341.8K |
| Price per sq ft | $125 | $259 |
| Built year | 1974 | 0 |
| HOA | $292 | $0 |
| Days on market | 64 | 1211 |
May 20, 2026
$119,900
Initial Listing