
Phoenix, AZ 85009
This Investor-Special Block Home represents a strategic Value-Add Asset listed at $295,000, positioned near its $272,837 Fair Market Value. Holding a Condition Rating of 5, the property requires a comprehensive rehabilitation to address structural defects and outdated systems. However, the durable block construction, large RV gate, and No HOA status provide a strong foundation for forced appreciation in the Phoenix market. With a versatile 4-bedroom layout and extra storage sheds, this acquisition is a high-potential project for Fix-and-Flip Investors or Buy-and-Hold Investors looking to capitalize on rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3820 W ENCANTO Boulevard Subject | $295,000* List Price | 4 | 1 | 1,185 | $230 | - |
A 3920 W PALM Lane Sold | $244,000 | 3 | 1 | 1,027 | $238 | 0.3 mi |
B 3714 W SHERIDAN Street Sold | $269,000 | 3 | 1 | 960 | $280 | 0.2 mi |
C 3648 W PORTLAND Street Sold | $253,080 | 4 | 2 | 1,218 | $208 | 1.0 mi |
D 3946 W HOLLY Street Sold | $300,000 | 3 | 1 | 1,210 | $248 | 0.3 mi |
E 3614 W GRANADA Road Sold | $362,000 | 3 | 2 | 1,226 | $295 | 0.4 mi |
F 1344 N 39TH Avenue Sold | $221,250 | 3 | 2 | 1,167 | $190 | 0.7 mi |
G 3952 W HUBBELL Street Active | $287,900 List Price | 3 | 1 | 1,265 | $228 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 with no evidence of recent renovations, this property shows significant safety and structural defects, including large holes in the ceiling and walls. The kitchen and bathroom are severely outdated and in a state of disrepair, clearly requiring a full rehab as noted by the 'Investor Special' description.
The property features a gated front yard, a large RV gate with alley access, and multiple storage sheds, offering exceptional utility for vehicle storage and equipment.
Located in a non-HOA community, this home provides owners with maximum flexibility for property use and renovations while eliminating monthly association fees.
Built with classic block construction, the home offers superior structural integrity and better thermal insulation, which is highly advantageous for the Phoenix climate.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1185, other record living area = 960. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With four bedrooms but only one bathroom, the floor plan is underserved for larger households, likely requiring a renovation to add a second bath to meet modern standards.
Positioned as an 'Investor Special,' the property likely requires substantial cosmetic or structural improvements, necessitating additional capital investment beyond the purchase price.
Investor Special! 4 bedroom, 1 bathroom block home with 1 car garage! Interior laundry! Gated front yard with large roller gate! Several nice storage sheds! Large RV gate to the alley! Large yard with block wall and space to store extra vehicles! No HOA!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,185 | - |
| Lot Size | 6,003 | - |
| Price | $295.0K | $495.4K |
| Price per sq ft | $249 | $290 |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 82 | 1260 |
May 1, 2026
$295,000
Initial Listing