5365 N Black Cyn Highway, Phoenix, AZ 85015, Phoenix, 85015 - 2 bed, 2 bath
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Phoenix, AZ 85015
This Stock Cooperative Townhouse is a Strong Value Opportunity, listed at $115,000—positioned well below the $125,620 Fair Market Value by 8%. This valuation gap offers $10,620 in Instant Equity for the buyer. The property maintains a Good Condition Rating, featuring modern interior updates like Corian countertops and a private patio. While the cash-only requirement and co-op structure necessitate a specific buyer, the move-in ready status provides immediate utility. This is an ideal acquisition for Buy-and-Hold Investors or cash-ready owner-occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5365 N Black Cyn Highway Subject | $115,000* List Price | 2 | 2 | 1,100 | $114 | - |
A 2449 W MISSOURI Avenue Active | $89,900 List Price | 2 | 2 | 1,100 | $82 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant interior updates despite its 1964 build date. Key improvements include newer kitchen appliances, Corian countertops, updated laminate flooring, and fresh paint throughout. The conversion to a more open layout and the well-maintained private patio further enhance its appeal. While some dated elements like popcorn ceilings remain, the major systems and finishes appear well-maintained and functional, fitting the 'good' criteria for an extensively renovated older home.
The home features contemporary upgrades including newer appliances, updated flooring, fresh paint, and Corian countertops, offering a move-in-ready experience for the next owner.
Originally a three-bedroom, the conversion to a two-bedroom layout creates a more spacious, open, and airy environment that is ideal for modern living and entertaining.
The property includes a large, private patio that provides a dedicated space for outdoor dining and gardening, a premium feature for a townhouse at this price point.
The purchase requires a cash-only transaction, which significantly limits the potential buyer pool by excluding those who rely on traditional mortgage financing.
As a stock cooperative, the unique ownership structure and $505 monthly association fee may be less desirable for buyers accustomed to traditional fee-simple or condo ownership.
Spacious and thoughtfully updated townhouse co-op offering a unique and flexible layout. Originally a 3-bedroom, this home has been converted into a generous 2-bedroom, creating an open and airy living space ideal for both relaxing and entertaining. Enjoy modern updates throughout, including newer appliances, updated flooring, fresh paint, and a kitchen featuring Corian countertops. The home also offers large closets, providing ample storage space. Be sure to check out the bathroom, complete with a relaxing tub. The highlight of the home is the amazing private patio-perfect for outdoor dining, gardening, or unwinding. Cash-only purchase. A fantastic opportunity for buyers seeking comfort and style.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,100 | - |
| Lot Size | 261,360 | - |
| Price | $115.0K | $75.0K |
| Price per sq ft | $105 | $58 |
| Built year | 1964 | 0 |
| HOA | $505 | $0 |
| Days on market | 111 | 131 |
Apr 3, 2026
$115,000
Initial Listing