2729 W HAZELWOOD Street, Phoenix, AZ 85017, Phoenix, 85017 - 2 bed, 1 bath
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Phoenix, AZ 85017
This Value-Add Residential Asset is listed at $299,999, aligning with its $299,999 Fair Market Value to offer a stable entry point. While maintaining a Condition Rating of 4, the property features a private patio and a versatile 279 sq ft workshop with significant potential for conversion into a rental casita. Located in a high-demand corridor near Grand Canyon University and served by Alhambra High School, the home benefits from No HOA and a new A/C system. This is an ideal opportunity for Buy-and-Hold Investors or Owner-Occupants seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2729 W HAZELWOOD Street Subject | $299,999* List Price | 2 | 1 | 1,348 | $223 | - |
A 4128 N 29TH Avenue Sold | $295,000 | 3 | 2 | 1,431 | $206 | 0.6 mi |
B 3221 W SELLS Drive Sold | $335,000 | 3 | 2 | 1,382 | $242 | 0.6 mi |
C 4128 N 29TH Avenue Sold | $295,000 | 3 | 2 | 1,431 | $206 | 0.6 mi |
D 2752 W MINNEZONA Avenue Sold | $335,000 | 3 | 1 | 1,232 | $272 | 0.1 mi |
E 2801 W GLENROSA Avenue Active | $349,990 List Price | 3 | 2 | 1,350 | $259 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, this property is aged but appears well-maintained through regular upkeep. The kitchen and bathroom are functional but feature outdated styles, including older oak cabinetry, laminate countertops, and dated tile work. While the home benefits from a new A/C system and tile flooring, the overall condition requires cosmetic updates and minor repairs to meet modern standards, as reflected in the listing's 'needs TLC' description.
Situated in a high-demand area near Grand Canyon University (GCU) with easy access to I-10 and I-17, this property offers significant upside for rental income or long-term appreciation.
The inclusion of a 279 sq ft workshop provides a unique opportunity to create a casita, home office, or gym, adding substantial value for multi-generational living or extra rental revenue.
The property features a brand-new A/C system and has no HOA fees, providing immediate mechanical reliability and lower monthly overhead for the homeowner.
The home requires TLC and cosmetic updates to reach its full market potential, which may necessitate additional capital or specialized financing like an FHA 203K loan.
With only one bathroom serving a layout that can accommodate up to three bedrooms, the floor plan may be restrictive for larger families or multi-tenant rental scenarios.
Charming Mid-Century Ranch Gem offering excellent ''good bones'' and serious upside potential. High-Demand Location by Grand Canyon University (GCU). 1,627 sq ft total 1,348 sq ft home + 279 sq ft (31x9) workshop (gym, home office or casita?) For Multi-generational or great extra Rental income Opportunity! Endless possibilities! Home needs some TLC to unlock its full value as a family home, or income-producing rental. Easy access to I-10 and I-17. New A/C No HOA. Spacious floor plan with tile throughout, bonus room or 3rd BR. Make it your own with an FHA 3.5% down 203K loan for upgrades ~ No wholesale offers.
No exterior & parking available.
Grades K-3 • 0.5 mi
Grades 4-8 • 0.4 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 9% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 1,348 | 1,445 | 34% |
| Lot Size | 6,294 | 6,739 | 25% |
| Price | $300.0K | $325.0K | 41% |
| Price per sq ft | $223 | $207 | 59% |
| Built year | 1952 | 1954 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 91 | 387 | 5% |
Jan 25, 2026
$299,999
Initial Listing