4341 N 48TH Drive, Phoenix, AZ 85031, Phoenix, 85031 - 4 bed, 2 bath
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Phoenix, AZ 85031
This Major Rehab Asset is listed at $239,000, relative to a $210,199 Fair Market Value in its current distressed state. Offering a high-demand 4-bedroom, 2-bathroom layout and a private patio, the property serves as a substantial Value-Add opportunity for those targeting the central Phoenix market. With a Condition Rating of 5, the structure requires a full-scale renovation to rectify significant interior and structural disrepair. Located in an established community with strong rental demand and easy freeway access, this project is perfectly suited for Fix-and-Flip Investors or Contractors seeking a high-upside renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4341 N 48TH Drive Subject | $239,000* List Price | 4 | 2 | 1,442 | $146 | - |
A 4431 N 50TH Drive Sold | $231,500 | 4 | 2 | 1,533 | $151 | 0.2 mi |
B 4218 N 49TH Drive Sold | $288,600 | 4 | 2 | 1,520 | $190 | 0.3 mi |
C 4450 W WELDON Avenue Sold | $290,000 | 3 | 2 | 1,360 | $213 | 0.7 mi |
D 4501 W CRITTENDEN Lane Sold | $185,500 | 3 | 1 | 962 | $193 | 0.9 mi |
E 4212 N 47TH Drive Pending | $239,900 List Price | 4 | 2 | 1,117 | $215 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 with no recent renovations, this property is in a state of severe disrepair. Interior images reveal significant structural wall cracks, completely removed flooring, and a dilapidated bathroom. The listing confirms it requires a full renovation and significant repairs, making it a major rehab project.
Priced competitively at $239,000 for a 4-bedroom layout, this property offers significant equity-building opportunities for fix-and-flip investors or those looking for a high-yield rental.
The home is situated in an established Phoenix community with excellent proximity to shopping, dining, and major freeway access, ensuring strong future resale demand.
With no association fees or restrictive covenants, owners have the freedom to customize the property and lower monthly carrying costs, maximizing overall return on investment.
The property requires significant repairs and a full interior renovation, which will necessitate substantial upfront capital and may limit financing options to cash or hard money loans.
Built in 1954, the home likely features dated mechanical, electrical, and plumbing systems that may need complete replacement to meet modern building codes and buyer expectations.
Opportunity is knocking in central Phoenix! This 4 bedroom, 2 bathroom home sits in a well established community and is ready for a full renovation. Property requires significant repairs and is priced accordingly, offering strong potential for investors or buyers looking to build equity. Ideal for fix and flip, rental, or customization project. Prime location close to everyday amenities, shopping, dining, and easy freeway access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,442 | 1,460 | 49% |
| Lot Size | 5,631 | 7,139 | 1% |
| Price | $239.0K | $282.5K | 48% |
| Price per sq ft | $166 | $161 | 51% |
| Built year | 1954 | 1957 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 1071 | 1% |
May 4, 2026
$239,000
Initial Listing