616 W MOBILE Lane, Phoenix, AZ 85041, Phoenix, 85041 - 3 bed, 1 bath
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Phoenix, AZ 85041
This Value-Add Investment Asset represents a Strong Value Opportunity with a List Price of $239,000—positioned well below the $265,076 Fair Market Value by 9%. This valuation gap provides $26,076 in Instant Equity for buyers. Despite a Condition Rating of 5, the property features a newer electrical panel and updated wiring, reducing immediate capital expenditure. The spacious primary suite and outdoor patio offer clear paths for forced appreciation through a second bathroom addition. With attractive seller financing available, this acquisition is optimized for Fix-and-Flip Investors or Buy-and-Hold Investors seeking high-leverage entry.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 616 W MOBILE Lane Subject | $239,000* List Price | 3 | 1 | 998 | $266 | - |
A 5429 S 17TH Lane Sold | $285,000 | 3 | 2 | 1,015 | $281 | 1.0 mi |
B 5412 S 12TH Avenue Sold | $230,000 List Price | 3 | 1 | 1,010 | 0.5 mi | |
C 406 W Grove Street Sold | $185,000 | 3 | 1 | 848 | $218 | 0.2 mi |
D 6401 S 4TH Avenue Sold | $285,000 | 3 | 1 | 947 | $301 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1946, this property is marketed as an investor flip and requires substantial rehabilitation. The kitchen features outdated, worn appliances and damaged flooring, while the interior shows significant neglect, including peeling surfaces and debris. Although the electrical panel is updated, the overall condition is not move-in ready and necessitates major cosmetic and functional repairs.
The availability of seller financing with a low down payment and interest-only payments for the first six months provides exceptional leverage and capital flexibility for investors.
The property features a newer electrical panel and updated wiring, addressing one of the most costly and critical systems in an older home and reducing immediate renovation expenses.
The spacious primary suite offers a clear opportunity to add a second bathroom, allowing buyers to significantly increase the property's market value and appeal within its current footprint.
Originally built in 1946, the home may require extensive modernization and could present unforeseen maintenance challenges common to properties of this era.
At just 998 square feet for a three-bedroom layout, the living spaces may feel cramped, and the single-bathroom configuration is a drawback for modern family buyers.
Seller financing available! Take advantage of a low-entry opportunity with SUPER LOW down and interest-only payments for the first six months--an ideal setup for investors seeking flexibility and reduced upfront costs. This property is perfectly suited for a quick renovation and resale or a strategic hold. Key improvements have already been completed, including a newer electrical panel, updated wiring, and recent landscape cleanup--saving time and expense on major items. The spacious primary suite offers excellent potential for adding a second bathroom, creating an opportunity to further increase value. A smart investment with upside potential and favorable terms you won't want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 1.0 | 2.0 | 8% |
| Square foot | 998 | 1,760 | 5% |
| Lot Size | 5,833 | 6,600 | 29% |
| Price | $239.0K | $350.0K | 34% |
| Price per sq ft | $239 | $197 | 73% |
| Built year | 1946 | 2004 | 5% |
| HOA | $0 | $65 | 31% |
| Days on market | 39 | 827 | 0% |
Mar 18, 2026
$239,000
Initial Listing