2557 W ROSE Lane 204, Phoenix, AZ 85017, Phoenix, 85017 - 1 bed, 1 bath
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Phoenix, AZ 85017
This Stock Cooperative Asset offers a stable entry into the Phoenix market with a List Price of $65,000, positioned accurately at its $65,000 Fair Market Value. Featuring a Condition Rating of 4, the unit is well-maintained but retains its original 1960s charm, providing significant value-add potential through cosmetic updates. Its strategic location within walking distance to Grand Canyon University and a private balcony with dual access makes it a high-demand rental. This is a strategic acquisition for Buy-and-Hold Investors or cash-heavy buyers looking for low-cost living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2557 W ROSE Lane 204 Subject | $65,000* List Price | 1 | 1 | 800 | $81 | - |
A 2635 W Rose Lane B-215 Active | $54,000 List Price | 0 | 1 | 550 | $98 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property is well-maintained and features fresh interior paint, but remains largely outdated. The kitchen and bathroom show styles from a renovation likely 20-30 years ago, including wood-trimmed white laminate cabinetry, parquet-style vinyl flooring, and older fixtures. While move-in ready and functional, the home lacks modern upgrades to its major systems and aesthetic components.
With a list price of $69,000 and low monthly carrying charges that include most utilities, this property offers an extremely accessible entry point into the Phoenix market for budget-conscious buyers.
The unit is ideally situated within walking distance to Grand Canyon University and provides quick access to major freeways and shopping centers, making it highly attractive for students and commuters.
The property features a large private balcony with unique dual access from both the kitchen and the bedroom, effectively extending the living space and providing a dedicated area for outdoor dining.
As a Stock Cooperative, this property type often faces more restrictive financing options compared to traditional fee-simple real estate, which may limit the pool of potential buyers to cash-heavy investors.
The lack of in-unit laundry hookups requires residents to use communal on-site facilities, which can be a significant convenience drawback for modern buyers seeking private amenities.
Looking for low cost living - this is the one! This freshly painted one-bedroom, one-bath unit is located on the second floor and has a nice large living room. The bedroom is at the back of the home and has a sliding door to a nice sized private balcony. The balcony also opens to the kitchen so you can dine right on the balcony. The community features a pool, recreation room, and on-site laundry facilities. The home includes one covered parking space and is conveniently located near freeway access, within walking distance to a shopping center, and close to Grand Canyon University. Monthly carrying charges are very affordable and include water, sewer, trash, landscaping, and common area cleaning and maintenance. Come and see the potential this home has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 800 | - |
| Lot Size | - | - |
| Price | $65.0K | $75.0K |
| Price per sq ft | $81 | $58 |
| Built year | 1963 | 0 |
| HOA | $271 | $0 |
| Days on market | 177 | 131 |
May 5, 2026
$65,000
$67,000
-3% Price Drop
Initial Listing
Apr 28, 2026
$67,000
$68,000
-1% Price Drop
Initial Listing
Apr 10, 2026
$68,000
$69,000
-1% Price Drop
Initial Listing
Jan 27, 2026
$69,000
Initial Listing