5345 E VAN BUREN Street 116, Phoenix, AZ 85008, Phoenix, 85008 - 1 bed, 1 bath
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Phoenix, AZ 85008
This Turnkey Investment Asset is listed at $223,000, positioned near its $209,654 Fair Market Value. Holding a Condition Rating of 4, the property is well-maintained with stone countertops and sold fully furnished, offering a "cash flow on day one" opportunity. The gated community provides Resort-Style Amenities, with immediate access to ASU and Old Town Scottsdale. Despite modest ratings for Balsz School and Camelback High, the high rental demand near the airport and university makes this an ideal acquisition for Buy-and-Hold Investors or Short-Term Rental Operators.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5345 E VAN BUREN Street 116 Subject | $222,000* List Price | 1 | 1 | 761 | $274 | - |
A 5345 E VAN BUREN Street 115 Active | $224,000 List Price | 1 | 1 | 777 | $288 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and marketed as turnkey, but reflects its 1999 build date. While the kitchen features updated stone countertops and a stainless steel sink, the cabinetry remains original oak and the appliances are dated white models. The living area features standard carpeting and older-style vertical blinds, placing it in the fair category as a functional but aesthetically outdated home.
Ideally situated near Old Town Scottsdale, ASU, and the airport with immediate access to the Metro Light Rail and major highways, offering exceptional convenience for commuters and students.
The property is offered fully furnished and move-in ready, marketed as a 'cash flow on day one' opportunity, which is highly attractive for investors or short-term rental operators.
Located within a gated community, residents have access to premium amenities including a pool, spa, fitness center, and scenic picnic areas, enhancing the overall lifestyle value.
The assigned public schools, Balsz and Camelback High, have relatively low ratings (4 and 3 respectively), which may deter families and impact long-term appreciation.
The association fee of $324 per month is relatively high for a one-bedroom unit, which could impact the net ROI for investors and monthly affordability for owner-occupants.
This is an amazing turnkey, fully furnished property located near the Old Town Scottsdale area. Conveniently located close to nearby attractions such as the Tempe Town Lake, Phoenix Zoo, Desert Botanical Gardens, Papago Park, ASU & Sun Devil stadium. Easy and quick access to the airport, 202, & I-10. Or hop on the Metro Light Rail to all the Central Phoenix, Tempe and Mesa activities. Riverwalk is a gated resort-style community with amenities such as the fountains, pool/spa/fitness center and picnic areas. Private balcony and storage room with reserved covered parking too! INVESTORS: CASH FLOW ON DAY ONE!
No exterior & parking available.
Grades PK-8 • 1.6 mi
Grades 9-12 • 5.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 4% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 761 | 1,118 | 4% |
| Lot Size | 762 | 1,220 | 8% |
| Price | $222.0K | $281.0K | 42% |
| Price per sq ft | $292 | $241 | 75% |
| Built year | 1999 | 1980 | 58% |
| HOA | $324 | $194 | 83% |
| Days on market | 324 | 938 | 42% |
Apr 9, 2026
$222,000
$223,000
+0% Price Increase
Initial Listing
Jun 6, 2025
$223,000
Initial Listing