
Phoenix, AZ 85040
This property presents a Strong Value Opportunity with a List Price of $165,000—positioned well above the $150,598 Fair Market Value by -9%. While priced at a premium, the asset offers immediate cash flow through an existing, reliable tenant. Featuring a Condition Rating of 4, the home includes a spacious patio and functional layout. Despite the lower-rated school district, its proximity to the I-10 and major employment hubs ensures consistent rental demand. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or first-time investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4714 E PUEBLO Avenue Subject | $165,000* List Price | 2 | 1 | 924 | $163 | - |
A 4510 E WOOD Street Sold | $170,000 | 3 | 1 | 1,008 | $169 | 0.2 mi |
B 4608 E RIVERSIDE Street Sold | $180,000 | 3 | 1 | 1,008 | $179 | 0.1 mi |
C 4523 E WOOD Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.2 mi |
D 4608 E RIVERSIDE Street Sold | $180,000 | 3 | 1 | 1,008 | $179 | 0.1 mi |
E 4523 E WOOD Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.2 mi |
F 4523 E Wood Street Sold | $145,000 | 3 | 1 | 1,008 | $144 | 0.2 mi |
G 4224 S 46TH Place Active | $170,000 List Price | 2 | 1 | 924 | $184 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property is over 50 years old but has received partial updates. The kitchen features dated oak cabinetry, laminate countertops, and older white appliances, though a newer subway tile backsplash has been added. The bedrooms show updated laminate flooring. While functional and tenant-occupied, the overall aesthetic is dated and will eventually require modernization of the primary systems and kitchen/bath surfaces.
The property is a turnkey investment featuring a reliable, on-time paying tenant already in place, providing the owner with instant cash flow from the day of closing.
Ideally situated near the I-10 freeway and Sky Harbor Airport, the location offers residents quick commutes to major employment and entertainment hubs in Downtown Phoenix, Tempe, and Scottsdale.
With a list price of $165,000 for a 2-bedroom unit, this property represents a very accessible entry point for investors or buyers looking for a low-cost residential asset in a high-demand market.
The assigned elementary, middle, and high schools all carry a rating of 3, which may deter family-oriented renters and potentially limit long-term capital appreciation.
Built in 1972, the property is over 50 years old and may require more frequent maintenance or future capital expenditures for system upgrades compared to newer builds.
This property offers instant income with a great tenant already in place who pays on time. Spacious 2-bedroom, 1-bath home featuring a formal living room, kitchen, large pantry, breakfast area, spacious patio, storage area, and washer/dryer hookups. Conveniently located near the I-10 freeway, Sky Harbor Airport, downtown Phoenix, Tempe, and Old Town Scottsdale. A great investment opportunity with income from day one.
No exterior & parking available.
Grades PK-5 • 1.2 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 924 | - |
| Lot Size | 1,046 | - |
| Price | $165.0K | $341.8K |
| Price per sq ft | $179 | $259 |
| Built year | 1972 | 0 |
| HOA | $180 | $0 |
| Days on market | 34 | 1211 |
Jun 19, 2026
$165,000
Initial Listing