1002 W Polk Street, Phoenix, AZ 85007
- $390,000
- 6
- BD
- 6
- BA
- 1,138
- SqFt
- List Price
- $390,000
- Status
- ACTIVE
- Days on Market
- 22
- MLS#
- 7065796
- Subtype
- Residential
- Year Built
- 1906
- Bedrooms
- 6
- Bathrooms
- 6
- Full Baths
- 6
- Living Area
- 1,138
- Lot Size
- 6,250
- Acres
- 0.14
- Subdivision
- University Addition
Property Description
Vacant investor special and fixer-upper with huge upside! This red brick property offers a rare value-add opportunity near Downtown Phoenix. The main home is set up as a 5 bed / 5 bath layout, ideal for a PadSplit / co-living strategy or a strong rental hold once renovated. There's also an approx. 700 sq ft casita that can be finished and rented separately for additional income. Projected rents are around $1,000 per bedroom in the main house plus ~$1,500/month for the casita, for an estimated $6,500/month total potential. Seller is motivated and is looking for a cash offer with a quick close. Located minutes from Downtown Phoenix with easy access to major freeways, jobs, dining, nightlife, and entertainment.
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Additional Information
- Interior Features
- Full Bth Master Bdrm
- Taxes
- $590
- Heating
- None
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Cement Siding
- Stories
- 1
- Elementary School
- Kenilworth Elementary School
- Middle School
- Kenilworth Elementary School
- High School
- Central High School
Mortgage Calculator
Listing courtesy of Listing Agent: Pedro Hernandez Murillo (602-316-1188) from Listing Office: Realty ONE Group.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.