4838 W CORONADO Road, Phoenix, AZ 85035, Phoenix, 85035 - 4 bed, 2 bath
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Phoenix, AZ 85035
This property presents a High-Potential Investment Opportunity with a List Price of $199,000—positioned well below the $171,604 Fair Market Value by -15%. While the property carries a Condition Rating of 6, indicating a need for a complete gut-rehab, the No HOA status and Rear Alley Access provide significant flexibility for construction logistics. This asset is a prime candidate for value-add strategies, offering a blank canvas for total restoration. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with significant upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4838 W CORONADO Road Subject | $199,000* List Price | 4 | 2 | 1,346 | $127 | - |
A 2815 N 48TH Lane Sold | $210,000 | 4 | 2 | 1,114 | $189 | 0.8 mi |
B 4308 W VERNON Avenue Sold | $258,500 | 3 | 2 | 1,601 | $161 | 0.8 mi |
C 2324 N 48TH Avenue Active Under Contract | $185,000 List Price | 4 | 3 | 1,333 | $139 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1971 (53 years old) with no evidence of renovation, this property meets the age criteria for a tear-down. The interior is unlivable, featuring severe structural and safety defects including collapsed ceilings with exposed insulation, boarded-up windows, missing kitchen components, and extensive wall damage/mold. The listing itself describes it as a 'blank canvas' needing a 'complete transformation,' suggesting the value is primarily in the land or a total gut-rehab.
The absence of a Homeowners Association offers owners complete freedom over their property and eliminates monthly fees, making it highly attractive for budget-conscious buyers and investors.
Priced under $200k for a 4-bedroom layout, this property serves as a prime 'fix-and-flip' or 'buy-and-hold' opportunity with significant equity potential once renovated.
The property backs to an alley with convenient rear access, providing unique flexibility for additional parking, utility storage, or easier construction access during the renovation process.
The home is in need of a complete interior transformation and significant repairs throughout, which will require a substantial upfront capital investment and a vision for restoration.
Both the front and back yards are currently unfinished and require full landscaping, detracting from the home's immediate aesthetic value and requiring additional labor to establish outdoor living spaces.
NO HOA. This 4-bedroom, 2-bath home offers a spacious floor plan featuring a living room, dining area, and ample opportunity for renovation. The property is ready for a complete transformation. Interior improvements are needed throughout. The front and back yards require landscaping, providing a blank canvas to create your ideal outdoor space. The property backs to an alley with convenient rear access. Conveniently located near schools, shopping, dining, and major commuter routes. Bring your vision and restore this property to its full potential.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.4 mi
Grades K-5 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,346 | - |
| Lot Size | 6,399 | - |
| Price | $199.0K | $495.4K |
| Price per sq ft | $148 | $290 |
| Built year | 1971 | 0 |
| HOA | $0 | $0 |
| Days on market | 3 | 1260 |
Jul 24, 2026
$199,000
Initial Listing