5541 E CHEERY LYNN Road, Phoenix, AZ 85018, Phoenix, 85018 - 4 bed, 2 bath
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Phoenix, AZ 85018
This Turnkey Modernized Residence is a High-Potential Investment Opportunity listed at $1,050,000—positioned well below the $1,229,913 Fair Market Value by 14%. This valuation gap provides $179,913 in Instant Equity. Boasting an Excellent Condition Rating, the home features a designer quartz kitchen, resort-style heated pool, and iconic mountain views. Currently operating as a successful short-term rental with a cooled garage game room, it offers immediate cash flow potential near Ingleside Middle School. This is a premier acquisition for Short-Term Rental Investors or Owner-Occupants seeking a high-equity sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5541 E CHEERY LYNN Road Subject | $1,050,000* List Price | 4 | 2 | 1,790 | $687 | - |
A 5541 E CHEERY LYNN Road Sold | $949,999 List Price | 4 | 2 | 1,800 | 0.0 mi | |
B 3444 N 48TH Way Sold | $1,200,000 | 4 | 3 | 2,491 | $482 | 0.9 mi |
C 3444 N 48TH Way Sold | $1,200,000 | 4 | 3 | 2,491 | $482 | 0.9 mi |
D 3611 N 53rd Street Sold | $1,125,000 | 3 | 2 | 2,100 | $536 | 0.5 mi |
E 3444 N 48TH Way Sold | $1,200,000 | 4 | 3 | 2,491 | $482 | 0.9 mi |
F 3023 N 49TH Street Active Under Contract | $1,350,000 List Price | 4 | 2 | 2,453 | $550 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1960, the property has undergone an extensive recent renovation within the last 5 years, meeting the 'excellent' criteria. The interior features a modern open-concept kitchen with quartz countertops, a designer herringbone backsplash, and high-end stainless steel appliances. The home includes updated electrical systems, a new roof, and fully remodeled bathrooms with frameless glass showers. High-quality wood-look tile flooring is consistent throughout, and the property offers premium amenities like a cooled garage game room and a resort-style backyard with a heated pool and new hot tub.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10855, living area = 1790.
Currently operating as a successful short-term rental, the property is offered fully furnished with high-end amenities like a cooled garage game room, making it an immediate income-generator for investors.
The outdoor space is a premier feature, boasting a heated pool, new hot tub, fire pit, and stunning views of Camelback Mountain and Papago Buttes, perfect for Arizona's indoor-outdoor lifestyle.
At 1,790 square feet for a four-bedroom layout, the individual room sizes and common areas may feel somewhat constrained compared to newer luxury builds in the Arcadia area.
With local public school ratings ranging from 5 to 6, the property may be less competitive for families specifically prioritizing top-tier educational districts.
Welcome to this beautifully updated 4 bedroom, 2 bathroom home in the heart of Arcadia, where style, comfort, and income potential come together. This active and highly successful short term rental has been thoughtfully designed with high end furnishings and standout amenities, making it an exceptional opportunity for both investors and owner occupants. Inside, no expense was spared. The open concept floor plan features quartz countertops, a massive center island with microwave drawer, designer herringbone tile backsplash, and tile flooring extended throughout the entire home for a clean, cohesive, low maintenance look. The kitchen opens seamlessly to the living and dining spaces, creating the perfect setup for entertaining guests or everyday living. The fully remodeled bathrooms off clean, upscale finishes including frameless glass shower enclosures, modern vanities, and a fresh luxury feel. Each bedroom is well appointed with stylish furnishings and designer touches, and the property is being offered as a turnkey, fully furnished short term rental, with the furnishings available on a separate bill of sale for a buyer who wants to continue operating it as an income producing property. One of the standout features is the cooled garage game room, complete with a brand new mini split and a fun mix of classic arcade nostalgia and new age entertainment. This unique space adds serious guest appeal and creates an experience that sets the property apart. Outside, enjoy Arizona living at its best with a sparkling heated pool, beautiful water feature, open air fire pit, and a brand new hot tub just added for even more guest appeal. Take in views of Papago Buttes and Camelback Mountain while relaxing in your private backyard retreat. Additional upgrades include a new roof, updated electrical, and a generous laundry room. Located near Arcadia Park, Starbucks, Veritas Academy, popular restaurants, shopping, hiking, and more, this home offers the perfect blend of convenience and destination appeal. Whether you are looking for a full time residence, a second home, or a proven income producing property, this one checks every box.
No exterior & parking available.
Grades PK-5 • 1.2 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,790 | 2,705 | 19% |
| Lot Size | 10,855 | 9,936 | 56% |
| Price | $1.05M | $1.15M | 48% |
| Price per sq ft | $587 | $473 | 67% |
| Built year | 1960 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 1537 | 0% |
Mar 25, 2026
$1,050,000
Initial Listing