3801 N 23RD Drive, Phoenix, AZ 85015, Phoenix, 85015 - 0 bed, 0 bath
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Phoenix, AZ 85015
This residential income property represents a High-Potential Investment Opportunity, listed at a List Price of $750,000—positioned above the $714,307 Fair Market Value. While priced at a premium, the asset offers significant scale with nearly 3,000 square feet and No HOA Constraints, maximizing net operating income. Featuring a Condition Rating of 3, the property is move-in ready with recent renovations. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or Portfolio Managers seeking to capitalize on high rental demand in the Phoenix market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3801 N 23RD Drive Subject | $750,000* List Price | 0 | 0 | 2,922 | $244 | - |
A 3823 N 23RD Drive Active | $799,900 List Price | 0 | 0 | 3,704 | $216 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1980 but shows evidence of a renovation within the last 5-15 years. The interior features updated laminate flooring and fresh paint, while the exterior has been recently painted. The property appears well-maintained, functional, and move-in ready for tenants.
As a residential income property totaling nearly 3,000 square feet, this asset offers substantial scale for investors looking to capitalize on the high rental demand in the Phoenix metropolitan area.
The property features no association fees, which maximizes net operating income and provides the owner with full autonomy over property management and long-term maintenance decisions.
Built in 1980, the property likely utilizes more modern building materials and utility standards than the older mid-century inventory common in the 85015 zip code, potentially reducing structural risk.
With a 1980 build date, major mechanical systems, roofing, and plumbing may be approaching the end of their typical life cycles, necessitating a thorough inspection for upcoming capital expenditures.
The $750,000 list price represents a significant entry point for the Gerardo Park subdivision, requiring high-performing rental rates to ensure a competitive capitalization rate for the investor.
Exceptional opportunity in Phoenix. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,922 | - |
| Lot Size | - | - |
| Price | $750.0K | $228.9K |
| Price per sq ft | $257 | $256 |
| Built year | 1980 | 0 |
| HOA | $0 | $0 |
| Days on market | 3 | 4774 |
Jul 22, 2026
$750,000
Initial Listing