
Phoenix, AZ 85037
This Distressed Value-Add Asset presents a High-Potential Investment Opportunity with a List Price of $269,800—positioned well below the $339,120 Fair Market Value by 20%. This valuation gap offers $69,320 in Instant Equity for buyers prepared for a cash-only acquisition. While the Condition Rating of 5 indicates significant deferred maintenance and restricted access, the functional 3-bedroom ranch layout and low $40 association fee provide a strong foundation for forced appreciation. This high-reward property is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on Phoenix's rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9973 W MACKENZIE Drive Subject | $234,300* List Price | 3 | 2 | 1,189 | $120 | - |
A 10461 W DEVONSHIRE Avenue Sold | $285,000 | 2 | 1 | 1,422 | $200 | 0.6 mi |
B 4319 N 106TH Avenue Sold | $225,000 | 2 | 1 | 1,262 | $178 | 0.7 mi |
C 4214 N 101ST Avenue Sold | $281,000 | 3 | 2 | 1,548 | $182 | 0.2 mi |
D 10449 W Devonshire Avenue Sold | $295,000 | 2 | 2 | 1,444 | $204 | 0.5 mi |
E 4217 N 106TH Drive Active | $298,000 List Price | 2 | 2 | 1,288 | $231 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1994, this 30-year-old property is sold 'cash only' with no inspection or financing contingencies, which are typical indicators of a distressed sale. The strict 'no trespassing' warning and lack of interior photos suggest the property may have significant deferred maintenance, interior damage, or occupancy issues that make it ineligible for traditional financing and require substantial rehabilitation.
Priced at $269,800, this property represents a significantly lower entry point into the Phoenix single-family market compared to regional medians, offering high potential for equity growth.
With an association fee of only $40, the monthly overhead is exceptionally low, making it an attractive option for budget-conscious homeowners or buy-and-hold investors.
The 3-bedroom, 2-bathroom ranch-style configuration provides a highly marketable and efficient floor plan that appeals to a wide range of tenants and small families.
The requirement for a cash-only purchase with no inspection or financing contingencies significantly limits the buyer pool and increases the immediate capital requirement.
The strict 'no trespassing' warning and lack of inspection contingencies suggest potential occupancy issues or unknown interior conditions that may necessitate substantial post-closing repair costs.
This Ranch style single family home offers 3 bedrooms and 2 bathrooms with approximately 1189 square feet of living space on a 0.12 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 PK-8 • 0.8 mi
Grades 9-12 • 1.1 mi
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 | 1,189 | 1,776 | 9% |
| Lot Size | 5,062 | 6,161 | 31% |
| Price | $234.3K | $355.0K | 31% |
| Price per sq ft | $197 | $198 | 50% |
| Built year | 1994 | 1998 | 36% |
| HOA | $40 | $48 | 48% |
| Days on market | 74 | 342 | 2% |
Apr 20, 2026
$234,300
$269,800
-13% Price Drop
Initial Listing
Feb 11, 2026
$269,800
Initial Listing