1002 W POLK Street, Phoenix, AZ 85007 (MLS# 6971035)

1002 W POLK Street, Phoenix, AZ 85007

$459,000
Property Type: Residential Bedrooms: 6 Baths: 6 Square Footage: 1,138 Lot Size (sq. ft.): 6,250 Status: Active
Current Price: $459,000 Last Modified: 1/19/2026

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.

More Information MLS# 6971035

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No List Price: $459,000 Status: Active Current Price: $459,000 List Date: 2026-01-13

Location, Tax & Legal

Assessor's Map #: 28 Legal Description (Abbrev): UNIVERSITY Assessor's Parcel #: 157 Tax Municipality: Phoenix Taxes: 590 House Number: 1002 Compass: W Street Name: POLK St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85007 Zip4: 2516 County Code: Maricopa Assessor Number: 111-28-157 Subdivision: UNIVERSITY ADDITION Tax Year: 2025

General Property Description

Dwelling Styles: Detached # of Interior Levels: 1 Full Bathrooms: 6 Half Bathrooms: 0 Approx SQFT: 1138 Price/SqFt: 403.34 Approx Lot SqFt: 6250 Approx Lot Acres: 0.143 Horses: N Builder Name: na Lead Based Hazard Disclosure: No Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Elementary School: Kenilworth Elementary School Jr. High School: Kenilworth Elementary School High School: Central High School Community Pool Y/N: No Private Pool Y/N: No Fireplace YN: No Dwelling Type: Single Family Residence Exterior Stories: 1 # Bedrooms: 6 Total Bathrooms: 6 Year Built: 1906

Legal Info

Range: 3E Section: 6 Township: 1N Lot Number: 31

Special Listing Cond

N/A: 1

Construction

Block: 1

Const - Finish

Cement Siding: 1

Roofing

Composition: 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

Supra: 1

Master Bathroom

Full Bth Master Bdrm: 1

Dining Area

Formal: 1

Heating

None: 1

Kitchen Features

None: 1

Cooling

Central Air: 1

Laundry

None: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Fencing

Back Yard: 1 Front Yard: 1

Water Source

City Water: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 0 Total Covered Spaces: 0

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1 FannieMae (HomePath): 1

Utilities

SRP: 1

Existing 1st Loan

Treat as Free&Clear: 1

Landscaping

Dirt Front: 1 Dirt Back: 1

Disclosures

None: 1

Possession

Close of Escrow: 1

Association Fee Incl

No Fees: 1

Assoc Rules/Info

None: 1

Remarks Misc

Geo Lat: 33.453581 Geo Lon: -112.086476

Property Features

Special Listing Cond: N/A Master Bathroom: Full Bth Master Bdrm Spa: None Dining Area: Formal Kitchen Features: None Laundry: None Construction: Block Const - Finish: Cement Siding Roofing: Composition Cooling: Central Air Heating: None Utilities: SRP Water Source: City Water Sewer: Sewer - Public Fencing: Back Yard; Front Yard Landscaping: Dirt Front; Dirt Back Lockbox Type: Supra Possession: Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; FannieMae (HomePath) Disclosures: None
Listing Office: eXp Realty
IDX
Last Updated: January - 19 - 2026
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