5846 W Cheery Lynn Road, Phoenix, AZ 85031, Phoenix, 85031 - 4 bed, 3 bath
Loading property details...
Phoenix, AZ 85031
This Turnkey Multi-Unit Property is a Strong Value Opportunity, listed at $405,000—positioned above the $368,249 Fair Market Value. Despite the premium, the property features a Mint Condition Rating with a new roof, new A/C, and fully remodeled interiors. The inclusion of a remodeled guest house provides significant income potential, making this an ideal "house hack." This asset is perfectly suited for Buy-and-Hold Investors seeking immediate rental revenue or Owner-Occupants looking for a move-in-ready home with a mortgage-offsetting guest unit.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5846 W Cheery Lynn Road Subject | $405,000* List Price | 4 | 3 | 1,474 | $250 | - |
A 5807 W CHEERY LYNN Road Sold | $375,000 List Price | 4 | 3 | 1,345 | 0.1 mi | |
B 5136 W OSBORN Road Sold | $349,940 | 3 | 2 | 1,320 | $265 | 0.9 mi |
C 5505 W WHITTON Avenue Active | $334,900 List Price | 4 | 2 | 1,365 | $245 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete, high-quality renovation within the last year. It features brand-new kitchens and bathrooms in both the main and guest houses, along with a new roof and HVAC system, meeting the criteria for mint condition with no immediate maintenance required.
The property includes a fully remodeled guest house with its own kitchen, offering excellent versatility for multi-generational living or as a rental unit for supplemental income.
The home features a brand-new roof and a new A/C system, providing significant value and reducing immediate capital expenditure for the buyer.
Both the main and guest houses have been extensively updated with modern finishes and fully remodeled bathrooms, ensuring a move-in-ready experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1474, other record living area = 1335. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1960, the property may have aging underlying systems such as plumbing or electrical that are common for the era, despite the recent cosmetic renovations.
With 1,474 total square feet split between two separate dwellings and four bedrooms, the individual living areas and bedrooms may feel relatively compact.
Come see this beautiful newly listed home in the Maryvale area! The main house features 3 bedrooms and 2 fully remodeled bathrooms with brand-new upgrades throughout the home. The guest house includes 1 bedroom, 1 bathroom, and its own kitchen -- also completely remodeled -- perfect for family members or as a rental for extra income.. This home has a new roof, new A/C, and has been beautifully renovated. Conveniently located near the I-10 and I-17 freeways in Phoenix, Arizona.. Schedule your appointment today to see this amazing home now available on the market!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,474 | - |
| Lot Size | 6,125 | - |
| Price | $405.0K | $495.4K |
| Price per sq ft | $275 | $290 |
| Built year | 1960 | 0 |
| HOA | $0 | $0 |
| Days on market | 70 | 1260 |
May 14, 2026
$405,000
Initial Listing