5508 S 12TH Way, Phoenix, AZ 85040, Phoenix, 85040 - 3 bed, 2 bath
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Phoenix, AZ 85040
This property presents a High-Potential Investment Opportunity with a List Price of $299,000—positioned well below the $255,350 Fair Market Value by -17%. While the home carries a Condition Rating of 5, the 1,692 square foot layout provides a blank canvas for significant value-add renovations. The absence of HOA fees enhances long-term holding potential. Despite lower-rated local schools, the property’s aggressive pricing makes it a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to build equity through comprehensive interior rehabilitation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5508 S 12TH Way Subject | $299,000* List Price | 3 | 2 | 1,692 | $151 | - |
A 4441 S 8TH Street Sold | $275,000 | 4 | 2 | 1,320 | $208 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1970 (54 years old) with no evidence of recent renovations. The listing description explicitly states the property needs work and is priced for its condition. Interior photos show significant neglect, including heavily stained flooring and wall damage, indicating the need for a full rehab of systems and finishes.
Listed at $299,000 for nearly 1,700 square feet, this property offers a highly attractive entry-level price point for the Phoenix market.
The absence of a homeowners association provides owners with greater financial flexibility and freedom from restrictive community rules.
The functional layout and discounted price offer a prime opportunity for investors or DIY buyers to add value through strategic renovations.
The property requires updates and repairs, necessitating an immediate additional investment of time and capital after purchase.
The assigned elementary and high schools have low performance ratings, which may limit the property's appeal to families prioritizing education.
Welcome to 5508 S 2th Way, a great opportunity to own a phoenix property at an attractive price point. This home offers solid potential with a functional layout and plenty of space to make it your own. While the property does need some work and updates, the discounted price reflects the condition, making it an excellent opportunity for buyers looking to add value and build equity. Conveniently located near shopping, dining, schools, and local amenities, this property is full of potential and ready for your vision.
No exterior & parking available.
Grades K-3 • 0.8 mi
Grades 4-8 • 1.0 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,692 | 1,387.5 | 73% |
| Lot Size | 6,011 | 5,998 | 56% |
| Price | $299.0K | $311.8K | 46% |
| Price per sq ft | $177 | $225 | 36% |
| Built year | 1970 | 2003 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 1226 | 1% |
May 27, 2026
$299,000
Initial Listing