
Phoenix, AZ 85041
This Value-Add Investment Asset is listed at $260,000, aligning with its $259,094 Fair Market Value. Currently holding a Fair Condition Rating, the property requires targeted cosmetic updates—specifically interior paint and carpet replacement—to unlock its full market potential. Situated near South Mountain Park & Preserve with Strategic Connectivity to Downtown Phoenix and Sky Harbor, the location supports strong rental demand and long-term appreciation. This 2004-built home offers a straightforward path to forced equity for Fix-and-Flip Investors or Buy-and-Hold Investors looking for a manageable Phoenix acquisition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 803 W LYDIA Lane Subject | $260,000* List Price | 2 | 1 | 964 | $269 | - |
A 5926 S 16TH Drive Sold | $305,000 List Price | 3 | 2 | 1,345 | 0.7 mi | |
B 812 W SAINT CHARLES Avenue Pending | $310,000 List Price | 2 | 1 | 964 | $322 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, this 22-year-old home requires cosmetic updates and minor repairs to meet modern standards. The listing description explicitly notes the need for new carpeting, interior paint, and deep cleaning, characterizing it as a 'fix-and-flip' opportunity. While the exterior appears well-maintained, the interior systems and finishes are likely original and show signs of age, placing it firmly in the fair category.
The property offers excellent access to Downtown Phoenix, Sky Harbor Airport, and major transit corridors including I-17 and Loop 202, making it ideal for commuters.
Situated near South Mountain Park & Preserve, residents benefit from immediate proximity to one of the nation's largest urban park systems with extensive hiking and biking trails.
Built in 2004, this single-level home presents a significant value-add opportunity for investors seeking a fix-and-flip or long-term rental in a well-connected neighborhood.
The property is sold in as-is condition and requires immediate investment in cleaning, interior paint, and full carpet replacement to be market-ready.
With only 2 bedrooms and 1 bathroom across 964 square feet, the home's compact footprint may limit its appeal to larger families or buyers seeking more functional utility.
Owner-occupancy required. This home is best suited for first-time homebuyers who don't mind a little sweat equity and are ready to create a space of their own. This property may qualify for down payment assistance programs available to first-time buyers. This single-level 2-bedroom, 1-bath home built in 2004 offers a great opportunity to step into homeownership. With tile flooring in the main living areas and carpet in the bedrooms, the home features a comfortable and functional layout ready for your personal touch. With a little cleaning, fresh paint, and minor updates, this home can truly shine-making it a great option for buyers who want to customize their space while settling into a home. Being sold as-is, it's ideal for buyers focused on long-term homeownership. Located near South Mountain Park and Preserve, residents can enjoy miles of hiking and biking trails along with beautiful desert scenery. The home also provides convenient access to Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways including I-17 and Loop 202. Situated in a quiet residential neighborhood close to schools, parks, shopping, and dining, this home offers the perfect setting to put down roots and create lasting memories in a well-connected Phoenix location.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades 9-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 4% |
| Baths | 1.0 | 2.0 | 8% |
| Square foot | 964 | 1,760 | 5% |
| Lot Size | 3,938 | 6,600 | 4% |
| Price | $260.0K | $350.0K | 34% |
| Price per sq ft | $270 | $197 | 85% |
| Built year | 2004 | 2004 | 50% |
| HOA | $45 | $65 | 34% |
| Days on market | 43 | 827 | 0% |
Mar 14, 2026
$260,000
Initial Listing