2423 W CAMPBELL Avenue, Phoenix, AZ 85015, Phoenix, 85015 - 6 bed, 2 bath
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Phoenix, AZ 85015
Analysis of 2423 W CAMPBELL Avenue, Phoenix, AZ 85015 is currently available with a list price of $749,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Originally built in 1959, the property is well-maintained but shows clear signs of age. While there are some cosmetic updates such as newer laminate flooring and modern paint in the bedrooms, the kitchen and bathrooms feature dated oak cabinetry and older tile flooring. The property is functional and move-in ready for its current use, but requires modernization to meet current residential quality standards.
The property features two distinct buildings—a 5,265 SF warehouse and a 1,911 SF 6-bedroom home—allowing for multiple income streams, a live-work setup, or potential multifamily conversion.
The large warehouse includes grandfathered approval for a commercial upholstery shop, offering a rare opportunity for business operations within a residential area just off the I-17.
The seller offers owner-carry financing at $795,000, providing a valuable alternative for investors or buyers who prefer creative financing over traditional bank loans.
Originally built in 1959, the property may require significant capital expenditure for modernizing systems and addressing deferred maintenance common in older structures.
While current uses are grandfathered or permitted, any significant change in operations or redevelopment may face strict regulatory hurdles and rezoning requirements from the city.
Owner will carry at $795,000. Cash or traditional financing price: $749,000. Unique opportunity just off I-17 in central Phoenix. Separate buildings allow multiple income streams or owner-user setup. Includes a 5,265 SF warehouse with grandfathered approval for a commercial upholstery shop. Open floor plan suits various uses; zoning may allow multifamily conversion. Also includes a 1,911 SF 6bed/2bath home, tenant-occupied, previously a licensed care facility with 36'' wide doors and built-in accessibility. Independent perimeter fencing ensures operational independence. Can serve as office space or divided into units for added income. A ~309 SF bomb shelter adds uniqueness. Strong rental demand suits investors seeking cash flow or owner-users needing flexibility.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 98% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 8,026 | 1,474.5 | 99% |
| Lot Size | 22,281 | 7,693 | 99% |
| Price | $749.0K | $370.0K | 96% |
| Price per sq ft | $93 | $263 | 28% |
| Built year | 1959 | 1951 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 237 | 994 | 33% |
Sep 1, 2025
$749,000
Initial Listing