
Phoenix, AZ 85007
This Dual-Parcel Redevelopment Asset is listed at $300,000, positioned near its $293,600 Fair Market Value. As a Distressed Fixer-Upper with a Condition Score of 5, the property offers significant Value-Add potential through the utilization of its 11,578 Sqft Lot and dual-parcel configuration. Located in Central Phoenix near Bethune School and Central High School, the site is primed for high-density residential development or a complete renovation. This high-potential project is an ideal acquisition for Fix-and-Flip Investors or Developers looking to capitalize on downtown urban revitalization and long-term ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 926 W Cocopah Street Subject | $270,000* List Price | 2 | 2 | 1,512 | $167 | - |
A 1631 W MOHAVE Street Active | $219,900 List Price | 3 | 1 | 1,611 | $136 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1940s property is explicitly described as a distressed fixer-upper and an investor special. Interior images reveal significant wear, including outdated pink walls, aged light fixtures with exposed bulbs, and worn flooring. The property requires substantial repairs and a complete overhaul of major systems to meet modern living standards, though it offers high redevelopment potential due to the large lot size.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11578, living area = 1512.
The inclusion of two large parcels (926 and 922) in a single sale offers rare and significant potential for redevelopment, additional units, or expanded residential footprint in a high-demand area.
Located in the heart of Central Phoenix, the property boasts exceptional proximity to downtown, major sports arenas, Sky Harbor Airport, and key freeways, making it ideal for short-term rentals or urban commuting.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11578, other record lot size in square feet = 5789.
As a distressed fixer-upper, the property requires substantial capital investment and extensive renovations to address its current state and bring it up to modern living standards.
With an original build date of 1940, the property likely faces challenges common to older homes, such as outdated electrical, plumbing, and structural systems that can increase renovation costs.
**BACK ON MARKET THROUGH NO FAULT OF SELLER** RARE OPPORTUNITY: The listing includes TWO LARGE PARCELS--926 and 922--sold together, providing expanded potential for redevelopment, additional units, or increased value. Investor Special in the heart of Central Phoenix! This distressed fixer-upper offers incredible upside just minutes from downtown, the baseball stadium, Suns arena, Sky Harbor Airport, and major freeway, making it a prime candidate for Airbnb or rental income. Located in a rapidly growing area with strong demand, this property is perfect for investors or flippers ready to bring their vision to life. Endless possibilities in an unbeatable location, don't miss it!
No exterior & parking available.
Grades PK-8 • 0.4 mi
Grades 9-12 • 4.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,512 | - |
| Lot Size | 11,578 | - |
| Price | $270.0K | $495.4K |
| Price per sq ft | $179 | $290 |
| Built year | 1940 | 0 |
| HOA | $0 | $0 |
| Days on market | 120 | 1260 |
Jun 5, 2026
$270,000
$250,000
+8% Price Increase
Initial Listing
May 8, 2026
$250,000
$300,000
-17% Price Drop
Initial Listing
Mar 25, 2026
$300,000
Initial Listing