2324 N 48TH Avenue, Phoenix, AZ 85035, Phoenix, 85035 - 4 bed, 3 bath
Loading property details...
Phoenix, AZ 85035
This Value-Add Residential Asset in Wedgewood Park presents a high-upside opportunity for those specializing in structural rehabilitations. Listed at $185,000 with a $166,619 Fair Market Value, the property’s potential is anchored by its 1,333 sq. ft. block construction and 5,998 sq. ft. lot. Currently holding a Condition 5 Rating due to Significant Fire Damage, the home is sold strictly as-is with no HOA fees. Located near Joseph Zito Elementary, Maryvale High School, and Charles W. Harris School, this project is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2324 N 48TH Avenue Subject | $185,000* List Price | 4 | 3 | 1,333 | $125 | - |
A 5149 W LEWIS Avenue Sold | $170,000 List Price | 2 | 1 | 1,178 | 0.5 mi | |
B 4517 W Hubbell Street Sold | $130,000 List Price | 2 | 1 | 1,002 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property has sustained significant fire damage to the rear and is being sold strictly as-is for cash buyers or investors. Built in 1963, the home requires substantial structural and cosmetic rehabilitation, and the exterior is currently cluttered with significant debris and junk.
Priced significantly below market value at $185,000, this property offers a substantial equity-building opportunity for investors or cash buyers looking for a high-yield value-add project.
The 1,333 sq. ft. home features solid block construction, which is highly desirable in the Phoenix climate for its structural integrity and superior thermal mass properties.
Located in Wedgewood Park with no association fees, the property offers owners greater freedom for renovations and lower monthly carrying costs compared to managed communities.
The property has sustained fire damage to the rear of the house, requiring extensive structural and cosmetic restoration that will necessitate a large renovation budget.
Sold strictly in its current state with no seller repairs, the property's condition likely disqualifies it from traditional financing, limiting the buyer pool to those with liquid capital.
ATTENTION INVESTORS & CASH BUYERS: OPPORTUNITY IN 85035! 1,333 sq. ft. block-construction value-add property. Property has sustained fire damage in the area on the back of the house, see photos. Sold strictly AS-IS; price reflects condition. The seller will make no repairs.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 1,333 | 1,525.5 | 26% |
| Lot Size | 5,998 | 6,298.5 | 33% |
| Price | $185.0K | $313.3K | 26% |
| Price per sq ft | $139 | $190 | 27% |
| Built year | 1963 | 1975 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 1060 | 1% |
Mar 27, 2026
$185,000
Initial Listing