5345 E VAN BUREN Street 370, Phoenix, AZ 85008, Phoenix, 85008 - 1 bed, 1 bath
Loading property details...
Phoenix, AZ 85008
This Turnkey Furnished Condominium is a strategic Residential Asset listed at $223,500. While the price exceeds the $179,412 Fair Market Value, the property’s turnkey status and inclusive furnishings offer immediate rental readiness and "cash flow on day one" potential. Boasting a Condition Rating of 4, the unit features Mountain Views of Papago Park and access to Resort-Style Amenities within a gated community. Although served by Balsz School and Camelback High, the proximity to ASU and Sky Harbor Airport ensures high tenant liquidity. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5345 E VAN BUREN Street 370 Subject | $223,000* List Price | 1 | 1 | 692 | $251 | - |
A 5401 E VAN BUREN Street 2042 Sold | $218,000 List Price | 1 | 1 | 684 | 0.1 mi | |
B 5401 E VAN BUREN Street 2016 Sold | $215,000 | 1 | 1 | 789 | $272 | 0.0 mi |
C 5401 E VAN BUREN Street 2038 Sold | $225,000 List Price | 1 | 1 | 802 | 0.1 mi | |
D 5401 E VAN BUREN Street 2044 Sold | $235,000 | 2 | 1 | 911 | $258 | 0.1 mi |
E 5401 E VAN BUREN Street 2009 Active | $231,900 List Price | 1 | 1 | 789 | $294 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1999 (26 years old) and appears to be well-maintained and 'turnkey' as described. However, based on the images and age, it features standard finishes such as wire closet shelving and basic carpeting that likely date back to the original construction or an older update. It meets the 'fair' criteria as an aged but functional home that has been maintained through regular upkeep rather than a recent comprehensive renovation.
The property is ideally situated near Old Town Scottsdale, ASU, and major transit hubs like the Light Rail and Sky Harbor Airport, offering unparalleled convenience for commuters and students.
This turnkey, fully furnished unit is marketed as a 'cash flow on day one' opportunity, making it an attractive, low-effort acquisition for real estate investors seeking immediate returns.
Residents enjoy a gated community lifestyle with premium features including a pool, spa, fitness center, and private balcony with scenic mountain views.
The property is served by schools with lower academic ratings (3/10 and 4/10), which may impact long-term resale value for family-oriented buyers.
With only 692 square feet of living space, the unit's small footprint may feel restrictive for those seeking more storage or room for guests.
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 | 26% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 692 | 968 | 16% |
| Lot Size | 692 | 821 | 21% |
| Price | $223.0K | $223.0K | 50% |
| Price per sq ft | $322 | $252 | 89% |
| Built year | 1999 | 1999 | 50% |
| HOA | $295 | $230 | 79% |
| Days on market | 322 | 1493 | 37% |
Apr 9, 2026
$223,000
$223,500
+0% Price Increase
Initial Listing
Jun 8, 2025
$223,500
Initial Listing