USAAZPhoenixCope Add Blks 7-101612 S 5Th St

New

$250,000

For Sale

3 hours ago

1612 S 5Th St, Phoenix, AZ

Name: 1612 S 5Th St, For Sale in Phoenix - eXp Realty
Brand: RETSY
SKU: 7022580
Price: 250000 USD

House

MLS® 7022580

3 Bed

2 Bath

1232 sqft

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 1232 sqft

Garage

Taxes $997

Days Active 0

Lot Size

Approx. Age 1945

Avg. Price Per Sqft $202

MLS® Number 7022580

Property Address: 1612 S 5th St, Phoenix, AZ, 85004-2816

Average square foot calculated using Size range provided by listing agent.

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. 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.

MLS® Number7022580

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1945

Basement

DrivewayRV Access/Parking

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 2, 2026List Date

$250,000List Price

Commute

Commute

Starting Address

Destination Address

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