1612 S 5TH Street Phoenix, AZ 85004
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,232 sqft
Price per Sqft $202
Subdivision Cope Add Blks 7-10
MLS Listing ID 7022580
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1945
Annual Tax Amount $997
Tax Year 2025
Lot Size 6,335 Sqft
Acres 0.15
Property Sub-Type Single Family Residence
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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. 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.
Location
State AZ
County Maricopa
Community Cope Add Blks 7-10
Area Maricopa
Direction South on 7th St to Pima St and head West....Pima to s 5th St and head South....5th St to home.
Rooms
Master Bathroom true
Den/Bedroom Plus 3
Separate Den/Office N
Interior
Interior Features 3/4 Bath Master Bdrm
Heating None
Cooling Other
Flooring Tile
Fireplace No
Appliance Dryer, Washer, Refrigerator
SPA None
Exterior
Parking Features RV Access/Parking
Carport Spaces 1
Fence Block, Wood
Pool Play Pool
Utilities Available APS
Roof Type Composition,Rolled/Hot Mop
Private Pool Yes
Building
Lot Description Dirt Front, Dirt Back
Story 1
Builder Name Unknown
Sewer Public Sewer
Water City Water
New Construction No
Schools
Elementary Schools Silvestre S Herrera School
Middle Schools Silvestre S Herrera School
High Schools Central High School
School District Phoenix Union High School District
Others
HOA Fee Include No Fees
Senior Community No
Tax ID 112-40-058
Ownership Fee Simple
Acceptable Financing Cash
Horse Property N
Disclosures None
Possession Close Of Escrow
Listing Terms Cash
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