3840 N 43RD Avenue 7, Phoenix, AZ 85031, Phoenix, 85031 - 2 bed, 2 bath
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Phoenix, AZ 85031
This Townhouse represents a High-Potential Investment Opportunity, listed at $115,000—positioned well below the $134,149 Fair Market Value by 14%. This valuation gap offers $19,149 in Instant Equity for the buyer. Featuring a Good Condition Rating with recent cosmetic upgrades, the property offers immediate rental readiness. Its strategic location near I-10 and I-17, combined with mountain views, ensures strong tenant demand. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry into the Phoenix market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3840 N 43RD Avenue 7 Subject | $115,000* List Price | 2 | 2 | 980 | $137 | - |
A 3840 N 43RD Avenue 79 Sold | $115,000 | 3 | 2 | 1,243 | $93 | 0.1 mi |
B 4625 W THOMAS Road 11 Sold | $140,000 | 3 | 2 | 1,159 | $121 | 1.0 mi |
C 3840 N 43RD Avenue 16 Active | $129,999 List Price | 2 | 2 | 980 | $133 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1975, the property has undergone recent cosmetic renovations including new LVP flooring and fresh paint. The interior appears well-maintained and move-in ready, though bathroom tiling and fixtures show some age, placing it in the 'Good' category rather than 'Excellent'.
Priced at $115,000, this property offers a highly accessible entry point into the Phoenix market, presenting a significant opportunity for first-time homebuyers or investors seeking strong rental yields.
The townhouse features a nicely upgraded kitchen and spacious living areas, providing a move-in-ready experience that minimizes the need for immediate capital expenditure on renovations.
The location provides excellent commuter access to both the I-10 and I-17 freeways, ensuring residents are well-connected to major employment hubs and local schools.
The $370 monthly association fee is relatively high compared to the property's list price, which may impact the overall monthly affordability and debt-to-income ratio for some buyers.
With a lot size of only 492 square feet, the private outdoor area is restricted to a small enclosed backyard, which may not meet the needs of buyers looking for more expansive land.
Nicely upgraded 2BD/1.5BA townhouse with spacious kitchen, expansive living room, and large upstairs bedrooms with generous closets. Enjoy your own private enclosed backyard, community walking paths, and stunning mountain views. Covered carport parking included. Excellent location near top schools with quick access to I-10 & I-17. Perfect as a primary residence or investment property -- this one won't last!
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 980 | 990 | 50% |
| Lot Size | 492 | 1,688 | 25% |
| Price | $115.0K | $135.0K | 38% |
| Price per sq ft | $117 | $133 | 38% |
| Built year | 1975 | 1971 | 63% |
| HOA | $370 | $185 | 88% |
| Days on market | 21 | 1006 | 13% |
May 22, 2026
$115,000
Initial Listing