760 E EUGIE Avenue, Phoenix, AZ 85022, Phoenix, 85022 - 2 bed, 2 bath
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Phoenix, AZ 85022
This Short Sale Renovation Project is a strategic Value-Add Asset listed at $235,000. Holding a Condition Rating of 5, the property requires a comprehensive rehabilitation to address significant deferred maintenance, including flooring and drywall repairs. While the list price sits above the $169,838 Fair Market Value, the inclusion of a private patio and proximity to Hidden Hills Elementary, Shea Middle, and Shadow Mountain High School offers significant potential for forced appreciation. This complex acquisition is ideally positioned for Fix-and-Flip Investors or Contractors looking to secure a project in the 85022 zip code.
Property is extensive renovation needed.
Built in 1977, this property shows significant signs of deferred maintenance and physical depreciation. The listing explicitly states the home 'needs work' and is 'ready for a renovation.' Visual evidence from the images confirms substantial issues, including peeling and damaged LVP flooring, holes in the drywall, and worn carpeting. While the kitchen contains some relatively modern appliances, the overall state of the interior requires significant rehabilitation and repair to be considered move-in ready.
Positioned as a short sale and priced for renovation, this property offers a significant opportunity for investors or flippers to build equity through strategic upgrades.
The inclusion of a private patio provides a dedicated outdoor area, a highly desirable feature for condominium living that enhances the overall footprint of the home.
At a list price of $235,000, this unit represents one of the more affordable entry points into the Phoenix residential market, specifically within the 85022 zip code.
The property is explicitly noted as needing work and renovation, implying that immediate capital expenditure will be required to make the home move-in ready.
The short sale status often involves a more complex and lengthy closing process due to required lender approvals, which may not suit buyers on a tight timeline.
SHORT SALE OPPORTUNITY! Home does need work and has been priced accordingly. 2 bedroom, 1.5 bath home with a private patio is ready for a renovation and a new owner.
No exterior & parking available.
Grades PK-6 • 1.3 mi
Grades 6-8 • 3.1 mi
Grades 9-12 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 920 | 1,121.5 | 42% |
| Lot Size | 552 | 857 | 3% |
| Price | $235.0K | $240.0K | 45% |
| Price per sq ft | $255 | $259 | 37% |
| Built year | 1977 | 1987 | 16% |
| HOA | $224 | $218 | 58% |
| Days on market | 10 | 1683 | 3% |
Apr 15, 2026
$235,000
Initial Listing