2811 W PIMA Street, Phoenix, AZ 85009, Phoenix, 85009 - 2 bed, 1 bath
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Phoenix, AZ 85009
This R-3 zoned residential asset represents a High-Potential Investment Opportunity with a List Price of $174,900—positioned accurately at its $174,900 Fair Market Value. Currently carrying a Poor Condition Rating, this property is a strategic acquisition for those looking to leverage its Multi-Family Zoning and expansive 7,530 sqft lot. The absence of an HOA and the inclusion of a patio and alley access provide a versatile foundation for density expansion or a full-scale rehabilitation. This project is an ideal match for Fix-and-Flip Investors or Buy-and-Hold Investors seeking high-yield urban redevelopment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2811 W PIMA Street Subject | $174,900* List Price | 2 | 1 | 1,056 | $166 | - |
A 2425 W PAPAGO Street Sold | $160,000 | 4 | 2 | 1,372 | $117 | 0.5 mi |
B 2425 W PAPAGO Street Sold | $160,000 | 4 | 2 | 1,372 | $117 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950, this property is explicitly marketed for 'Cash or Hard Money Only,' a strong indicator of significant deferred maintenance or system issues that prevent traditional financing. While the interior shows some cosmetic 'lipstick' updates like newer laminate flooring and paint, the images reveal uneven ceilings, patched walls, and unfinished exterior structures. The listing description confirms the need for immediate capital investment for modernization and repairs, placing it firmly in the poor category as a rehabilitation project rather than a move-in ready home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7530, living area = 1056.
The property is zoned R-3 (multiple family), providing significant development potential and upside for investors looking to increase density or build additional units on the lot.
Priced aggressively for an immediate sale at $174,900, this property offers a low-entry-point opportunity in the Phoenix market with substantial room for equity growth through renovation.
The requirement for cash or hard money only significantly limits the buyer pool by excluding those who rely on traditional FHA, VA, or conventional financing.
The property is on a septic system and is being sold in a condition that necessitates immediate capital investment for repairs and modernization.
REDUCED for IMMEDIATE SALE. CASH OR HARD MONEY ONLY. Back on market! ***Agents please read private remarks*** Priced for IMMEDIATE sale. Excellent Buyer Opportunity. So much potential and upside! Property zoning is R-3 multiple family. No HOA. N/S lot exposure. Single family dwelling offers 2 bedrooms plus small bonus room, 1 bath, great room, kitchen, inside laundry hook-up, and more. Plenty of backyard storage and parking with front and west side alley access. Property is on septic system. Submit all offers now for Seller review and approval.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 1,056 | 1,260.5 | 29% |
| Lot Size | 7,530 | 6,410 | 76% |
| Price | $174.9K | $240.5K | 34% |
| Price per sq ft | $166 | $192 | 38% |
| Built year | 1950 | 1953 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 115 | 1215 | 6% |
Jan 1, 2026
$174,900
Initial Listing