3115 N 55th Avenue, Phoenix, AZ 85031, Phoenix, 85031 - 4 bed, 3 bath
Loading property details...
Phoenix, AZ 85031
This fire-damaged property represents a High-Potential Investment Opportunity with a List Price of $214,900—positioned well below the $240,829 Fair Market Value by 10%. This valuation gap provides $25,929 in Instant Equity for buyers prepared to manage a full gut rehabilitation. Despite its Condition Rating of 5 due to structural fire damage and unpermitted additions, the 1,787-square-foot asset offers significant upside with its park views, RV gate, and No HOA status. It is a prime acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors targeting the Phoenix market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3115 N 55th Avenue Subject | $214,900* List Price | 4 | 3 | 1,787 | $135 | - |
A 5520 W CLARENDON Avenue Sold | $245,000 | 4 | 2 | 1,910 | $128 | 0.5 mi |
B 5515 W WELDON Avenue Sold | $155,000 List Price | 3 | 2 | 1,326 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is over 60 years old and has sustained significant fire damage, resulting in major structural and safety defects including collapsed ceilings and charred framing. While pre-fire photos show a functional kitchen, the current 'as-is' state requires a full gut rehabilitation and addresses unpermitted additions.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7314, living area = 1787.
Situated directly across from Marivue Park with immediate access to the I-10, the property offers excellent recreational proximity and commuter convenience.
Priced significantly below market value for the square footage, this property presents a substantial equity-building opportunity for investors or fix-and-flip professionals.
The property has sustained significant fire damage and is being sold in as-is condition, necessitating a full-scale renovation and substantial capital investment.
A portion of the living space was completed without permits, which may complicate financing, appraisal values, and future building code compliance.
Investor Opportunity! Fire-damaged 4-bedroom, 3-bath home sold as-is with strong value-add potential. The add on was not permitted, so the home may also be considered a 3-bedroom, 2-bath home with a studio and 1 additional bathroom. Features include no HOA, RV gate, and a great location across from Marivue Park with quick access to the I-10. Pre-fire and fire-damage photos are included, with updated photos coming soon.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,787 | - |
| Lot Size | 7,314 | - |
| Price | $214.9K | $495.4K |
| Price per sq ft | $120 | $290 |
| Built year | 1959 | 0 |
| HOA | $0 | $0 |
| Days on market | 91 | 1260 |
Apr 23, 2026
$214,900
Initial Listing