6822 N 24TH Drive, Phoenix, AZ 85015, Phoenix, 85015 - 2 bed, 1 bath
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Phoenix, AZ 85015
This Value-Add Residential Asset is listed at $199,900, positioned relative to a $164,245 Fair Market Value. Holding a Condition Rating of 5, the 1948 structure requires substantial rehabilitation but offers Significant Expansion Potential on an oversized 9,792 sq ft lot. The property’s Durable Block Construction and versatile dual driveways provide a functional foundation for forced appreciation or the addition of an accessory dwelling unit. Located near Maryland Elementary and the highly-rated Washington High School, this property represents a strategic acquisition for Fix-and-Flip Investors or Contractors.
Property is extensive renovation needed.
This 1948 home is positioned as an investor opportunity requiring substantial rehabilitation. The interior features a severely outdated kitchen and bathroom with aged fixtures, basic cabinetry, and worn tiling. The 'third bedroom' is an enclosed patio that likely lacks proper climate control and egress, and the overall property shows significant signs of deferred maintenance and physical depreciation consistent with a home that has not undergone a major renovation in several decades.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9792, living area = 877.
The oversized 9,792 sq ft lot provides a rare opportunity for investors or homeowners to expand the existing footprint or add an accessory dwelling unit (ADU).
The solid 1948 block construction paired with a fully block-fenced yard offers long-term structural durability and enhanced security for the occupants.
At only 877 square feet, the interior living space is quite small, which may limit the property's appeal to larger families or those seeking modern open-concept layouts.
The use of an enclosed side patio as a third bedroom may not meet standard building codes for egress or climate control, potentially affecting financing and appraisal value.
Charming 1948 block-built home situated on a spacious 9,792 sq ft lot, located just minutes from I-17 freeway! This property offers incredible functionality with two separate driveways, ideal for extra parking, guests, or multi-vehicles, trailers or toys, while the fully blocked fenced yard adds privacy and durability. Home features an enclosed side covered patio that is currently being used as a third bedroom. With solid block construction and a generous sized lot, this home presents a great opportunity for investors-plenty of space to expand, customize, or simply enjoy!
No exterior & parking available.
Grades PK-8 • 0.6 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 877 | 1,472 | 3% |
| Lot Size | 9,792 | 7,693 | 86% |
| Price | $199.9K | $369.5K | 28% |
| Price per sq ft | $228 | $263 | 37% |
| Built year | 1948 | 1951 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 994 | 1% |
Apr 10, 2026
$199,900
Initial Listing