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Excellent investment opportunity in a centrally located Phoenix neighborhood. This property sits on approx 13,000 sq ft, offering the potential to split the lot (buyer to verify with the City of Phoenix). The seller has already completed preliminary work, including plans, survey, and structural engineering for a proposed 4-bed single-family home. The existing residence is an 8-bed, 5-bath home, completed in 2023 with modern finishes, including quartz countertops, shaker-style cabinetry, vinyl flooring, and LED lighting. The home features two full kitchens, making it ideal for a group home or multi-generational living. Currently leased month-to-month at $6,000 per month, the tenant would like to remain and is willing to renew, providing immediate income potential for an investor.
Property Type(s):
Single Family
| Last Updated | 3/17/2026 | Tract | EAST THOMAS ROAD TRACT 2 |
|---|---|---|---|
| Year Built | 1991 | Community | EAST THOMAS ROAD TRACT 2 |
| County | Maricopa |
SCHOOLS
| Elementary School | Monte Vista Elementary School |
|---|---|
| Jr. High School | Monte Vista Elementary School |
| High School | Camelback High School |
Price History
| Prior to Mar 17, '26 | $1,299,000 |
|---|---|
| Mar 17, '26 - Today | $1,199,000 |
Additional Details
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer |
| CONSTRUCTION | Block |
| HEAT | Electric |
| INTERIOR | Double Vanity, Master Downstairs, Pantry |
| LOT | 0.32 acre(s) |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Contemporary |
| SUBDIVISION | EAST THOMAS ROAD TRACT 2 |
| TAXES | 4923 |
| UTILITIES | Cable Available |
| WATER | Public |
Location
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Listed with Realty ONE Group
The ARMLS logo indicates a property listed by a real estate brokerage other than Trillium Properties LLC.
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.
Data last updated 6/9/26 8:34 AM PDT.
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.
Data last updated 6/9/26 8:34 AM PDT.
This IDX solution is (c) Diverse Solutions 2026.

Voted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2025. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.