$250,000
Phoenix, AZ 85004
MLS# 7022580
3 beds | 2 baths

1 / 25
Property Description
Investor opportunity in central Phoenix priced at approximately 52% of ARV. Listed at $250,000 with a projected ARV of $475,000, this property offers a $225,000 equity spread before rehab and sits well below the 70% rule of thumb most flippers target. The spread is intentional and reflects the scope of work remaining. The home is currently configured as a 2 bed 1 bath with an additional bedroom and bathroom that has been closed off from the main living area. Previous renovations got fairly far along with electrical work but the project is unfinished. There is no HVAC system in place, so a full install with ductwork should be factored into rehab.
Details
Maps
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
List Price: $250,000
Status: Active
Current Price: $250,000
List Date: 2026-05-02
Location, Tax & Legal
Assessor's Map #: 40
Legal Description (Abbrev): COPE ADD
Assessor's Parcel #: 58
Tax Municipality: Phoenix
Taxes: 997
House Number: 1612
Compass: S
Street Name: 5TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 2816
Country: US
County Code: Maricopa
Assessor Number: 112-40-058
Subdivision: COPE ADD BLKS 7-10
Tax Year: 2025
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 1
Full Bathrooms: 2
Half Bathrooms: 0
Approx SQFT: 1232
Price/SqFt: 202.92
Approx Lot SqFt: 6335
Approx Lot Acres: 0.145
Horses: N
Builder Name: Unknown
Lead Based Hazard Disclosure: Yes
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Silvestre S Herrera School
Jr. High School: Silvestre S Herrera School
High School: Central High School
Community Pool Y/N: No
Private Pool Y/N: Yes
Fireplace YN: No
Dwelling Type: Single Family Residence
Exterior Stories: 1
# Bedrooms: 3
Total Bathrooms: 2
Year Built: 1945
Legal Info
Range: 3E
Section: 17
Township: 1N
Block: 3
Lot Number: 11
Special Listing Cond
N/A: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Rolled: 1
Association & Fees
HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Ttl Mthly Fee Equiv: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Master Bathroom
3/4 Bath Master Bdrm: 1
Flooring
Tile: 1
Private Pool Features
Play Pool: 1
Dining Area
Dining in LR/GR: 1
Heating
None: 1
Kitchen Features
Refrigerator: 1
Cooling
Other: 1
Interior Features
Fix-Up Needs Repair: 1
Laundry
Washer Included: 1
Dryer Included: 1
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: N
Fencing
Block: 1
Wood: 1
Water Source
City Water: 1
Spa
None: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 0
Total Covered Spaces: 1
Carport Spaces: 1
Parking Features
RV Access/Parking: 1
New Financing
Cash: 1
Plumbing
Gas Hot Water Heater: 1
Utilities
APS: 1
SW Gas: 1
Existing 1st Loan
Treat as Free&Clear: 1
Landscaping
Dirt Front: 1
Dirt Back: 1
Items Updated
Roof Yr Updated: 2025
Roof Partial/Full: Full
Pool Yr Updated: 2023
Pool Partial/Full: Full
Disclosures
None: 1
Possession
Close of Escrow: 1
Association Fee Incl
No Fees: 1
Assoc Rules/Info
None: 1
Remarks Misc
Cross Street: S 7th St & Buckeye Rd
Directions: South on 7th St to Pima St and head West....Pima to s 5th St and head South....5th St to home.
Geo Lat: 33.432328
Geo Lon: -112.067674
Property Features
Special Listing Cond: N/A
Master Bathroom: 3/4 Bath Master Bdrm
Flooring: Tile
Private Pool Features: Play Pool
Spa: None
Dining Area: Dining in LR/GR
Kitchen Features: Refrigerator
Laundry: Washer Included; Dryer Included
Interior Features: Fix-Up Needs Repair
Parking Features: RV Access/Parking
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition; Rolled
Cooling: Other
Heating: None
Plumbing: Gas Hot Water Heater
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Fencing: Block; Wood
Landscaping: Dirt Front; Dirt Back
Lockbox Type: None
Possession: Close of Escrow
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash
Disclosures: None
Supplements
Most of the home is opened up to framing, giving the next buyer a clean canvas to design around their exit strategy rather than working through finished surfaces.
The highest leverage play here is a roughly 400 square foot addition between the front and rear sections of the home to create a true central living room. That converts the property into a proper 3 bed 2 bath layout with normal flow, which is what retail buyers in this price bracket consistently pay for. This is the path to the $475K ARV.
The strongest hidden edge on this property is the backyard. The seller installed a higher end pool a few years ago and based on a review of recent comparable sales in the area, no comps under 500k have pools. That is a meaningful differentiator on the resale side and a feature retail buyers in Phoenix consistently pay a premium for, especially in this price bracket.
This is a project, not a paint and carpet flip. The numbers work because the price reflects the scope. For the right investor with a contractor lined up, the combination of a 52% ARV entry, a framing-level canvas, an addition opportunity, and a pool that none of the comps have is the kind of setup that does not come around often in this market. Serious inquiries only. Proof of funds required.
Listing Office: RETSY
Last Updated: May - 02 - 2026
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