1612 S 5TH Street, Phoenix, AZ 85004 (MLS# 7022580)

1612 S 5TH Street, Phoenix, AZ 85004

$250,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,232 Lot Size (sq. ft.): 6,335 Status: UCB (Under Contract-Backups)

Current Price: $250,000 Last Modified: 5/07/2026

Overview

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.

Supplements: 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 ... (Read more)

Listing Details MLS# 7022580

Location, Tax & Legal

House Number: 1612
Compass: S
Street Name: 5TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 2816
Country: US
County Code: Maricopa
Assessor Number: 112-40-058
Subdivision: COPE ADD BLKS 7-10
Tax Year: 2025
Assessor's Map #: 40
Legal Description (Abbrev): COPE ADD
Assessor's Parcel #: 58
Tax Municipality: Phoenix
Taxes: 997

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: Yes
# of Interior Levels: Yes
# Bedrooms: 3
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 1232
Price/SqFt: 202.92
Horses: N
Builder Name: Unknown
Year Built: 1945
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 6335
Approx Lot Acres: 0.145
Community Pool Y/N: No
Private Pool Y/N: Yes
Fireplace YN: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Silvestre S Herrera School
Jr. High School: Silvestre S Herrera School
High School: Central High School
Half Bathrooms: 0

Remarks Misc

Cross Street: S 7th St & Buckeye Rd
Directions: South on 7th St to Pima St and head West....Pima to s 5th St and head South....5th St to home.

Legal Info

Township: 1N
Range: 3E
Section: 17
Block: 3
Lot Number: 11

Basement

Basement Y/N: N

More Information

Items Updated

Roof Yr Updated: 2025
Roof Partial/Full: Full
Pool Yr Updated: 2023
Pool Partial/Full: Full

Parking Spaces

Carport Spaces: Yes
Total Covered Spaces: Yes
Slab Parking Spaces: 0

Showing Notification Methods

Showing Service: Aligned Showings

Special Listing Cond

N/A: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes
Rolled: Yes

Status Update

Multiple Offers Received: Yes

Association & Fees

HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Ttl Mthly Fee Equiv: 0

Lockbox Type

None: Yes

Master Bathroom

3/4 Bath Master Bdrm: Yes

Flooring

Tile: Yes

Private Pool Features

Play Pool: Yes

Dining Area

Dining in LR/GR: Yes

Heating

None: Yes

Kitchen Features

Refrigerator: Yes

Cooling

Other: Yes

Interior Features

Fix-Up Needs Repair: Yes

Laundry

Washer Included: Yes
Dryer Included: Yes

Separate Den/Office

Sep Den/Office Y/N: N

Fencing

Block: Yes
Wood: Yes

Water Source

City Water: Yes

Spa

None: Yes

Sewer

Sewer - Public: Yes

Parking Features

RV Access/Parking: Yes

New Financing

Cash: Yes

Plumbing

Gas Hot Water Heater: Yes

Utilities

APS: Yes
SW Gas: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Landscaping

Dirt Front: Yes
Dirt Back: Yes

Disclosures

None: Yes

Possession

Close of Escrow: Yes

Association Fee Incl

No Fees: Yes

Assoc Rules/Info

None: Yes

Property Features

Special Listing Cond: N/A Status Update: Multiple Offers Received Master Bathroom: 3/4 Bath Master Bdrm Flooring: Tile Private Pool Features: Play Pool Spa: None Dining Area: Dining in LR/GR Kitchen Features: Refrigerator Laundry: Washer Included; Dryer Included Interior Features: Fix-Up Needs Repair Parking Features: RV Access/Parking Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Rolled Cooling: Other Heating: None Plumbing: Gas Hot Water Heater Utilities: APS; SW Gas Water Source: City Water Sewer: Sewer - Public Fencing: Block; Wood Landscaping: Dirt Front; Dirt Back Lockbox Type: None Possession: Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash Disclosures: None

Listing Office: RETSY

Last Updated: May - 07 - 2026