3810 N MARYVALE Parkway 2055, Phoenix, AZ 85031, Phoenix, 85031 - 2 bed, 2 bath
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Phoenix, AZ 85031
This property represents a Strong Value Opportunity, listed at $144,999—positioned above the $132,341 Fair Market Value. While the price reflects a premium, the unit offers immediate cash flow through an existing tenant, making it a viable Buy-and-Hold Investor asset. With a Poor Condition Rating due to its 1983 vintage, the property requires capital for modernization. Community amenities like the pool and tennis courts bolster rental appeal. This is an ideal acquisition for portfolio builders seeking a central Phoenix location with steady, established rental demand.
Property is extensive renovation needed.
Built in 1983, this property is 41 years old, placing it in the 'poor' category based on the age-specific criteria (>30 years). The listing description lacks any mention of recent renovations to the kitchen, bathrooms, or major mechanical systems, suggesting the interior is likely in original or significantly dated condition requiring a full rehab.
With an existing tenant already in place, this property offers a turnkey opportunity for investors to generate immediate cash flow without the vacancy period typically associated with new acquisitions.
The Graybriar community provides residents with desirable recreational facilities, including a pool, basketball courts, and tennis courts, enhancing the property's rental appeal and lifestyle value.
Priced under $150,000 for a 2-bedroom, 2-bathroom configuration, this unit represents a highly affordable entry point into the Phoenix real estate market for first-time buyers or portfolio builders.
The monthly association fee of $409 is relatively high compared to the listing price, which may impact the overall monthly affordability and net return on investment for buyers.
Built in 1983, the property may require future capital expenditures for updates to aging systems or interior finishes to remain competitive with newer developments in the area.
Conveniently located at the Graybriar, this second floor condo offers a practical layout, private outdoor space, and community amenities in a location close to schools, parks, shopping, dining, and easy freeway access. With an existing tenant already in place, this also creates a strong opportunity for an investor looking for immediate rental income. Inside, the open floor plan creates a comfortable flow between the kitchen and living areas, while the private balcony gives you an additional space to relax and unwind. Community residents also have access to a community pool along with basketball and tennis courts. Whether you are looking to expand your investment portfolio or purchase an affordable first property, this condo offers flexibility in a central Phoenix location with steady rental appeal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 936 | - |
| Lot Size | 962 | - |
| Price | $135.0K | $341.8K |
| Price per sq ft | $144 | $259 |
| Built year | 1983 | 0 |
| HOA | $409 | $0 |
| Days on market | 35 | 1211 |
Jul 18, 2026
$134,999
$144,900
-7% Price Drop
Initial Listing
Jul 10, 2026
$144,900
$144,950
+0% Price Increase
Initial Listing
Jul 3, 2026
$144,950
$144,990
+0% Price Increase
Initial Listing
Jun 26, 2026
$144,990
$144,999
+0% Price Increase
Initial Listing
Jun 18, 2026
$144,999
Initial Listing