6027 W ROANOKE Avenue, Phoenix, AZ 85035, Phoenix, 85035 - 3 bed, 2 bath
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Phoenix, AZ 85035
This property represents a Prime Investment Opportunity with a List Price of $350,000—positioned well below the $521,928 Fair Market Value by 32%. This significant valuation gap provides $171,928 in Instant Equity. Currently generating $2,300 monthly rental income with a tenant in place, this Asset features a private swimming pool and a Condition Score of 4, offering clear value-add potential through modernization. With no HOA restrictions, it is a high-yield acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors seeking forced appreciation in Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6027 W ROANOKE Avenue Subject | $350,000* List Price | 3 | 2 | 1,232 | $424 | - |
A 5220 W WINDSOR Avenue Sold | $327,000 | 3 | 2 | 1,202 | $272 | 1.0 mi |
B 2047 N 54TH Lane Sold | $338,000 | 3 | 2 | 1,212 | $279 | 0.9 mi |
C 6806 W LEWIS Avenue Sold | $370,000 | 4 | 2 | 1,361 | $272 | 0.9 mi |
D 5243 W VERNON Avenue Sold | $380,000 | 3 | 2 | 1,332 | $285 | 1.0 mi |
E 6825 W VERNON Avenue Sold | $327,000 | 4 | 2 | 1,260 | $260 | 1.0 mi |
F 2628 N 61ST Avenue Sold | $385,000 | 4 | 2 | 1,500 | $257 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, the property is over 40 years old and shows signs of age despite some updates like ceramic tile flooring. The exterior stucco exhibits some wear and peeling, and the swimming pool appears to have deferred maintenance (green water). While the home is functional and currently tenant-occupied, the overall aesthetic is dated, and it requires minor repairs and modernization to meet contemporary standards.
The property features a tenant already in place paying $2,300 per month, offering an excellent turn-key opportunity for investors seeking immediate cash flow and a strong cap rate.
A private backyard pool provides a significant lifestyle advantage and enhanced resale value, serving as a highly desirable feature in the Phoenix climate.
The absence of a Homeowners Association eliminates monthly fees and provides owners with greater flexibility regarding property use and maintenance.
The assigned schools carry a rating of 3/10, which may limit the property's appeal to families prioritizing high-performing educational districts.
With 1,232 square feet distributed across three bedrooms, the interior layout may feel constrained compared to more modern, spacious floor plans in the same price bracket.
Great opportunity for both homeowners and investors & No HOA! This 3-bedroom, 2-bath home with a 2-car garage offers a functional open floor plan and 1,232 sq ft of comfortable living space. The home features ceramic tile flooring throughout, making it low maintenance and perfect for everyday living. Step outside to enjoy the private backyard with a swimming pool, ideal for relaxing, entertaining, or enjoying Arizona's beautiful weather. Investor Alert: The property currently has a tenant in place paying $2,300 per month, making this a great opportunity for investors looking for immediate rental income. Conveniently located in Phoenix with easy access to shopping, dining, schools, and major highways.Whether you're looking for a primary residence or a cash-flow investment.
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades 9-12 • 1.7 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 | 1,232 | 1,525.5 | 19% |
| Lot Size | 6,003 | 6,298.5 | 35% |
| Price | $350.0K | $315.0K | 76% |
| Price per sq ft | $284 | $191 | 93% |
| Built year | 1982 | 1975 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 1060 | 1% |
Mar 10, 2026
$350,000
Initial Listing