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1002 W Polk Street, Phoenix, AZ 85007

$370,000
6
BD
6
BA
1,138
SqFt
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Sold Price
$370,000
List Price
$390,000
Status
CLOSED
Days on Market
23
Closing Date
Aug 12, 2026
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
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(602) 769-4725

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.

(602) 769-4725
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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
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Listing courtesy of Listing Agent: Pedro Hernandez Murillo (602-316-1188) from Listing Office: Realty ONE Group.

Selling Office: ARRT of Real Estate.

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.