3307 N 59TH Avenue, Phoenix, AZ 85033, Phoenix, 85033 - 5 bed, 2 bath
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Phoenix, AZ 85033
This Turnkey Multi-Bedroom Residence presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $404,829 Fair Market Value by 1%. This valuation gap offers $4,829 in Instant Equity. Currently a performing rental, the home maintains a Well-Maintained Condition Rating with large-format tile flooring, fresh paint, and an updated primary en-suite. The exterior features a covered patio and a concrete basketball court on an expansive lot. This versatile asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3307 N 59TH Avenue Subject | $400,000* List Price | 5 | 2 | 1,512 | $268 | - |
A 6202 W OSBORN Road Sold | $320,000 List Price | 3 | 2 | 1,295 | 0.4 mi | |
B 6108 W PINCHOT Avenue Sold | $335,000 | 4 | 3 | 1,320 | $254 | 0.4 mi |
C 6148 W FLOWER Street Sold | $335,000 | 4 | 2 | 1,710 | $196 | 0.4 mi |
D 6044 W FLOWER Street Sold | $355,000 List Price | 3 | 2 | 1,100 | 0.2 mi | |
E 6429 W OSBORN Road Sold | $342,500 | 4 | 2 | 1,306 | $262 | 0.7 mi |
F 6035 W COLUMBUS Avenue Sold | $380,900 | 3 | 2 | 1,298 | $293 | 0.4 mi |
G 3316 N 63RD Avenue Active | $390,000 List Price | 4 | 2 | 1,452 | $269 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is presented as a move-in ready, turnkey investment. Although built in 1960, the interior has been updated with modern large-format tile flooring throughout, fresh neutral paint, and updated fixtures like ceiling fans. The living spaces appear well-maintained with no visible deferred maintenance, and the description indicates a functional kitchen with ample cabinetry and a primary en-suite, meeting the criteria for a well-maintained home that does not require immediate renovation.
The property is currently tenant-occupied and generating immediate cash flow, providing a rare opportunity for investors to acquire a performing asset with income from day one.
Featuring five bedrooms in a high-demand rental corridor, this home offers a versatile layout that appeals to large families and maximizes potential rental yield.
The expansive backyard is highly functional, equipped with a covered patio, storage shed, and a concrete basketball court, complemented by ample parking including a fenced carport.
Built in 1960, the property may require more frequent maintenance or updates to major systems compared to newer builds to remain competitive in the market.
With five bedrooms distributed across 1,512 square feet, individual living spaces and bedrooms are likely small, which may limit furniture configurations and perceived spaciousness.
Beautiful and spacious 5 bedroom, 2 bath single-level home in a highly convenient South Phoenix location with quick freeway access. Strong rental demand in the South Phoenix corridor. PROPERTY IS CURRENTLY RENTED AND PRODUCING CASHFLOW, OFFERING AND EXCELLENT TURNKEY INVESTMENY OPPRTUNITY or a comfortable primary residence. OFFERING A RARE Opportunity to purchase a performing investment property with INCOME FROM DAY ONE. Home features a bright living area with a wall-mounted TV included, An eat-in kitchen with ample cabinet space, and a primary bedroom with en-suite bath. The expansive backyard includes a covered patio, storage shed, and concrete basketball court. Parking includes two front slab spaces plus a fenced-in covered carport.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 92% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,512 | 1,400 | 59% |
| Lot Size | 6,499 | 7,026 | 32% |
| Price | $400.0K | $270.0K | 95% |
| Price per sq ft | $265 | $195 | 77% |
| Built year | 1960 | 1972 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 957 | 0% |
Mar 2, 2026
$400,000
Initial Listing