7015 S 5TH Avenue, Phoenix, AZ 85041, Phoenix, 85041 - 3 bed, 1 bath
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Phoenix, AZ 85041
This Distressed Residential Asset presents a High-Potential Investment Opportunity with a List Price of $215,800, representing an accessible entry point into the Phoenix market near its $199,478 Fair Market Value. Due to a Condition Rating of 5, this cash-only purchase requires a comprehensive rehabilitation to unlock its full potential. The 7,897 square foot lot offers high utilization with no HOA restrictions, located conveniently near V H Lassen Elementary School. This is a high-upside acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors seeking a significant value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7015 S 5TH Avenue Subject | $195,000* List Price | 3 | 1 | 1,197 | $154 | - |
A 518 W DARROW Street Sold | $220,000 List Price | 3 | 2 | 1,372 | 0.2 mi | |
B 211 W BEAUTIFUL Lane Sold | $224,900 List Price | 3 | 2 | 1,134 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1957, this property is offered as a cash-only purchase with no inspection or financing contingencies, which typically indicates significant deferred maintenance or structural issues. The lack of interior images, combined with the 'no trespassing' warning and the low price point for the area, suggests the kitchen, bathroom, and major systems require substantial rehabilitation and are likely in a distressed state.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7897, living area = 1197.
Priced competitively at $215,800, this property offers a low-cost entry point into the Phoenix market, ideal for investors looking for a high-potential project.
The 0.18-acre lot (7,897 sq ft) provides ample outdoor space for potential expansions, landscaping, or the addition of an accessory dwelling unit.
The cash-only requirement and lack of inspection or financing contingencies significantly limit the buyer pool and increase risk for the purchaser.
A three-bedroom home with only one bathroom may not meet the needs of modern families, potentially requiring a layout reconfiguration to add value.
This Ranch style single family home offers 3 bedrooms and 1 bathrooms with approximately 1197 square feet of living space on a 0.18 acre lot. There are no inspection or financing contingencies on this cash only purchase. No Buyer Premium on this property. It is a criminal offense to trespass on this property. The data presented in this listing is deemed reliable but not guaranteed. This information should be used for informational use only and does not constitute a legal document for the description of this property. Buyer or Buyer's Agent to verify all facts, figures, schools, dimensions, Sq Ft, permits, HOA fees etc. that is of material importance to Buyer.
No exterior & parking available.
Grades K-8 • 0.3 mi
Grades 9-12 • 3.9 mi
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 | 1,197 | 1,760 | 12% |
| Lot Size | 7,897 | 6,600 | 72% |
| Price | $195.0K | $350.0K | 32% |
| Price per sq ft | $163 | $197 | 37% |
| Built year | 1957 | 2004 | 9% |
| HOA | $0 | $65 | 31% |
| Days on market | 257 | 827 | 38% |
Apr 20, 2026
$195,000
$215,800
-10% Price Drop
Initial Listing
Aug 12, 2025
$215,800
Initial Listing