
Phoenix, AZ 85008
This property presents a High-Potential Investment Opportunity with a List Price of $230,000—positioned well below the $229,966 Fair Market Value by 0%. While the home carries a Condition Rating of 5, the expansive 8,102 sq ft lot provides significant development upside for RV parking or a guest house. The property features a versatile bonus room and offers a rare entry-level price point in Phoenix. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with substantial value-add potential.
Property is extensive renovation needed.
Built in 1948 (76 years old), the property is well beyond the 30-50 year threshold for a poor rating without a full renovation. While it features updated flooring, the bathroom remains dated, and the overall structure and systems appear to need significant rehabilitation. The listing's emphasis on 'potential' and 'making it your own' further indicates a fixer-upper state.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8102, living area = 825.
The oversized 8,102 sq ft lot offers rare flexibility for RV parking, a workshop, or a guest house, providing significant value-add opportunities for the buyer.
The enclosed bonus room off the garage adds valuable square footage that can be utilized as a home office, studio, or gym, enhancing the home's functional layout.
The modest 825 sq ft interior and single-bathroom configuration may be restrictive for families or those requiring more indoor living space.
Built in 1948, the property may necessitate additional investment for modernizing older systems or addressing maintenance issues typical of mid-century bungalows.
Looking for space and potential? This 1948 bungalow sits on an oversized 8,000+ sq ft lot and offers endless opportunities to make it your own. Inside you'll find 2 bedrooms, 1 bath, updated flooring, and a spacious living area filled with character. An enclosed bonus room off the garage provides flexible space for a home office, studio, game room, or gym. Outside, the huge backyard offers room for RV parking, a workshop, pool, guest house (buyer to verify), or future expansion. A rare opportunity to own a large lot with unlimited possibilities!
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades 9-12 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 825 | - |
| Lot Size | 8,102 | - |
| Price | $230.0K | $495.4K |
| Price per sq ft | $279 | $290 |
| Built year | 1948 | 0 |
| HOA | $0 | $0 |
| Days on market | 21 | 1260 |
Jul 1, 2026
$230,000
Initial Listing