
Phoenix, AZ 85015
This Modernized Phoenix Condominium is a High-Potential Investment Opportunity listed at $139,000—positioned well below the $179,231 Fair Market Value by 22%. This valuation gap secures $40,231 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the interior features a renovated kitchen with white shaker cabinetry, stone-look countertops, and modern laminate flooring. The open-concept 992-square-foot layout provides a spacious feel rare at this price point. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, high-equity asset.
Property is move-in ready.
Although the building was constructed in 1974, the unit's interior has been extensively renovated and is in move-in ready condition. The kitchen features updated white shaker-style cabinetry, modern stone-look countertops, and a contemporary gooseneck faucet. The living areas have been updated with modern dark wood-look laminate flooring, fresh grey paint, and updated fixtures such as a modern black ceiling fan. These recent cosmetic improvements elevate the property from 'fair' to 'good' as it requires no immediate renovation for occupancy.
Priced at $139,000, this property offers a highly accessible entry point into the Phoenix real estate market, making it an excellent opportunity for first-time homebuyers or budget-conscious investors.
The condo features modern appliances and a bright, open-concept layout that creates an airy and contemporary feel throughout the living spaces, ensuring it shows well to prospective tenants or owners.
With nearly 1,000 square feet of living space, the unit is well-designed to maximize comfort and functionality, providing a more generous footprint than many other two-bedroom condos in this price range.
Built in 1974, the building and its core systems may require more frequent maintenance or future capital improvements compared to newer residential developments.
The unit features only one bathroom for two bedrooms, which can be a logistical drawback for multi-occupant households and may slightly limit its competitive edge in the resale market.
Charming Condo in Phoenix Arizona , The Condo Building was built in 1974 - Perfect blend of comfort and easy living . The Condo is Bright and open and shows well with modern appliances and open and airy feeling into the living area space - The condo is well designed .
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 992 | 1,165 | 42% |
| Lot Size | 497 | 1,256.5 | 25% |
| Price | $139.0K | $168.0K | 17% |
| Price per sq ft | $140 | $187 | 17% |
| Built year | 1974 | 1969 | 83% |
| HOA | $270 | $231 | 67% |
| Days on market | 58 | 287 | 8% |
Feb 27, 2026
$139,000
Initial Listing