5619 W LA REATA Avenue, Phoenix, AZ 85035, Phoenix, 85035 - 3 bed, 1 bath
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Phoenix, AZ 85035
This property presents a High-Potential Investment Opportunity with a List Price of $235,000—positioned well below the $233,890 Fair Market Value by -0.47%. While the property requires significant interior rehabilitation, its Condition Rating of 5 and solid block construction provide a stable foundation for value-add strategies. The lack of an HOA and proximity to Grand Canyon University enhance long-term rental demand. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on a renovation-ready asset in a high-growth Phoenix corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5619 W LA REATA Avenue Subject | $230,000* List Price | 3 | 1 | 1,176 | $199 | - |
A 5536 W LA REATA Avenue Active | $304,900 List Price | 3 | 2 | 1,519 | $201 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1972, the property requires substantial interior rehabilitation and is marketed as a renovation project. While the bathroom has been modernized and wood-look tile flooring is installed throughout, the kitchen is in disrepair requiring full cabinet replacement, and the walls need significant patching and repair. The exterior and yard also show signs of neglect, fitting the criteria for a home needing major system or component overhauls.
Situated on a quiet cul-de-sac with no HOA and close proximity to Grand Canyon University and major freeways, offering high rental or resale potential.
The home features solid block construction and tile flooring throughout, providing a sturdy foundation for any renovation project.
An already updated bathroom reduces the initial renovation workload, allowing investors to focus resources on other high-impact areas.
The property requires a full kitchen remodel and extensive wall repairs, necessitating a substantial upfront budget for materials and labor.
With only one bathroom for a three-bedroom layout, the property may face challenges in attracting larger families or maximizing rental income compared to multi-bath homes.
Discover a solid value-add opportunity in the heart of Phoenix. This 3-bedroom, 1-bath, 1,176 sq ft home sits on a cul-de-sac lot with no HOA. The property needs work, including kitchen cabinet replacement and wall repairs, making it ideal for a full renovation or cosmetic flip. With its block construction, tile flooring throughout, and an already updated bathroom, the bones are strong and ready for your vision. Located minutes from Grand Canyon University, major freeways, shopping, parks, and schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,176 | - |
| Lot Size | 4,021 | - |
| Price | $230.0K | $495.4K |
| Price per sq ft | $196 | $290 |
| Built year | 1972 | 0 |
| HOA | $0 | $0 |
| Days on market | 180 | 1260 |
Jul 18, 2026
$230,000
$235,000
-2% Price Drop
Initial Listing
Jul 3, 2026
$235,000
$250,000
-6% Price Drop
Initial Listing
Jan 24, 2026
$250,000
Initial Listing