8933 W ROMA Avenue, Phoenix, AZ 85037, Phoenix, 85037 - 3 bed, 2 bath
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Phoenix, AZ 85037
This Versatile Multi-Unit Asset represents a High-Potential Investment Opportunity with a List Price of $310,000—positioned well below the $448,303 Fair Market Value by 30%. This significant valuation gap provides $138,303 in Instant Equity. Featuring a Condition Rating of 4, the property includes a main home plus a Full Studio Conversion with a private kitchen and bath, perfect for rental income. With No HOA Fees and a large lot, it offers immense flexibility despite some dated finishes. This is an ideal acquisition for Buy-and-Hold Investors or House-Hackers seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8933 W ROMA Avenue Subject | $310,000* List Price | 3 | 2 | 1,200 | $374 | - |
A 4632 N 91ST Lane Sold | $350,000 | 3 | 2 | 1,307 | $268 | 0.5 mi |
B 8622 W COLUMBUS Avenue Sold | $295,000 | 3 | 2 | 1,242 | $238 | 0.9 mi |
C 4121 N 89TH Lane Sold | $350,000 | 3 | 2 | 1,160 | $302 | 0.3 mi |
D 4632 N 91st Lane Sold | $350,000 | 3 | 2 | 1,307 | $268 | 0.5 mi |
E 4402 N 90TH Drive Sold | $225,000 | 3 | 1 | 984 | $229 | 0.1 mi |
F 9002 W MONTECITO Avenue Sold | $326,000 | 4 | 2 | 1,300 | $251 | 0.1 mi |
G 8819 W GLENROSA Avenue Active | $359,900 List Price | 3 | 1 | 1,273 | $283 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, the property is well-maintained but shows significant signs of age. The kitchen features dated cabinetry and older fluorescent light boxes, while the laundry/utility area appears unfinished with exposed studs. Although the garage conversion and some bathroom fixtures represent more recent updates, the overall aesthetic and infrastructure remain largely outdated rather than fully renovated.
The property features a fully converted garage studio with its own kitchen and bathroom, offering an excellent opportunity for rental income or multi-generational living.
With no association fees, homeowners benefit from lower monthly carrying costs and greater flexibility regarding property modifications and usage.
The combination of a well-maintained 2-bedroom main home and a separate studio unit provides a unique and flexible floor plan that appeals to both investors and primary residents.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 945. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The conversion of the garage into a studio unit means the property lacks traditional covered parking, which is a significant drawback in the intense Phoenix heat.
Built in 1973, the home may require more frequent maintenance or updates to its original systems and components compared to newer residential builds.
Welcome to this versatile and well-maintained property featuring a 2-bedroom, 1-bathroom main home plus a fully converted studio unit--perfect for multi-generational living or added income potential. The main house offers a comfortable layout with spacious bedrooms, a functional kitchen, and a cozy living area designed for everyday living.What truly sets this property apart is the garage conversion into a complete studio, which includes its own private bathroom, living room, and full kitchen equipped with a stove and refrigerator. Whether you're looking to host guests, create a rental opportunity, or have a private workspace, this studio provides endless flexibility.This is a unique chance to own a property with built-in versatility and value--ideal for homeowners and investors alike.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,776 | 9% |
| Lot Size | 6,439 | 6,161 | 61% |
| Price | $310.0K | $355.0K | 39% |
| Price per sq ft | $258 | $198 | 84% |
| Built year | 1973 | 1998 | 8% |
| HOA | $0 | $48 | 42% |
| Days on market | 25 | 342 | 0% |
Apr 1, 2026
$310,000
Initial Listing