4206 N 38TH Street 4, Phoenix, AZ 85018, Phoenix, 85018 - 2 bed, 1 bath
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Phoenix, AZ 85018
This Strong Value Opportunity is a 2-bedroom, 1-bathroom townhouse listed at $289,900, positioned well below the $304,664 Fair Market Value by 4%. This valuation gap offers $14,764 in Instant Equity. Featuring a Condition Rating of 3, the property offers a modern industrial aesthetic with exposed brick and a private enclosed patio. Its prime Camelback Corridor location and flexible rental policies make this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-demand, low-maintenance asset.
Property is move-in ready.
While built in 1967, the property has been 'reimagined' with a modern industrial aesthetic. The kitchen features updated white cabinetry and stainless steel appliances, and the interior shows well-maintained finishes like exposed brick and updated flooring. The visible HVAC ductwork and overall cleanliness suggest a renovation within the 5-15 year range, making it move-in ready.
Situated in the prestigious Camelback Corridor with flexible rental policies for Airbnb and VRBO, this property offers significant cash-flow potential and high market desirability.
The single-story layout features a reimagined split floorplan with exposed brick and vintage charm, providing a stylish, modern, and low-maintenance living space.
The well-maintained community offers a tranquil lifestyle with lush courtyards, mature trees, a community pool, and a private enclosed patio for outdoor relaxation.
With only one bathroom serving two bedrooms, the property may face functional challenges for multi-occupant households or guests compared to more modern layouts.
Originally built in 1967, the property may require more frequent maintenance or updates to its older mechanical and structural systems common in vintage developments.
Step into this charming, single-story Arcadia area condo, a peaceful retreat nestled in the prestigious Camelback Corridor. As you step inside, you'll be greeted by an airy and reimagined split floorplan, a seamless blend of vintage charm and modern design. The exposed brick interior and neutral color palette provide a clean, elegant canvas for you to make your own. Enjoy your own private enclosed patio area accessible from the primary bedroom, offering a quiet spot to unwind. This well-maintained community provides a tranquil and active lifestyle with its lush, grassy courtyard, mature trees, and a community pool just steps from your door. Perfectly situated in a popular location with scenic walking paths, this home offers the ideal blend of privacy and convenience. Whether you're looking for a comfortable new home or a savvy investment, this property's flexible rental options including Airbnb and VRBO make it an exceptional opportunity for cash flow.
No exterior & parking available.
Grades K-8 • 0.7 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 910 | - |
| Lot Size | 824 | - |
| Price | $289.9K | $341.8K |
| Price per sq ft | $319 | $259 |
| Built year | 1967 | 0 |
| HOA | $325 | $0 |
| Days on market | 47 | 1211 |
Jun 5, 2026
$289,900
Initial Listing