2502 N 29TH Place, Phoenix, AZ 85008 (MLS# 6329264)

2502 N 29TH Place, Phoenix, AZ 85008

$580,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,450 Lot Size (sq. ft.): 13,375 Status: Closed

Current Price: $580,000 Last Modified: 2/27/2026

Description

RARE Rental Investment Opportunity in the heart of Camelback East & the desirable 85008 zipcode. This investment consists of 2 Single Family Detached homes along w/ a SEPARATE single story 2 Unit Duplex, all on an oversized lot/13,375 sqft. Majority of tenants do prefer Single Family detached or duplex properties such as these for greater autonomy, which allows for premium rents This is a large corner lot w/no shortage of parking on-site. See additional rental cap rates & proforma information (click on more) There is such flexibility with use of this property for multigenerational families living, office(s) for your work at home/home business, homeschooling/ or co-op areas, or as a value add fix/improve/flip even. Proximity to downtown Phx & accessibility to I-10/ the 51/and 202

Supplements: Freeways along with the areas strong economic landscape and established employment opportunities supplies an endless source of your target tenants. Just another bonus is being only minutes to Sky Harbor Airport, Tempe Marketplace, and ASU. Camelback East location is close to the Biltmore/ Arcadia areas but also provides access to a growing restaurant scene dispersed across Central Phoenix and Scottsdale providing one-of-a kind dining across all cuisine types. RENTAL Investment Information: Seller hasn't increased rents for over a decade so great value add opportunity with the current low rental home inventory. With actual current NOI at $31K (cap rate 5.16), & legitimate $43K (cap rate 7.16) proforma based on current comparable rents w/just some cleanup/maintenance & $58K (cap rate 9.67) w/just typical basic updating/upgrades.

More Information MLS# 6329264

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Sold Price: $580,000 Status: Closed Current Price: $580,000 List Date: 2021-12-02

Location, Tax & Legal

Assessor's Map #: 25 Legal Description (Abbrev): LOT 73 EAST THOMAS ROAD TRACT 2 MCR 002505 Assessor's Parcel #: 21 Tax Municipality: Phoenix Taxes: 1541 Map Code/Grid: P35 House Number: 2502 Compass: N Street Name: 29TH St Suffix: Place City/Town Code: Phoenix State/Province: AZ Zip Code: 85008 Zip4: 2045 County Code: Maricopa Assessor Number: 120-25-021 Subdivision: EAST THOMAS ROAD TRACT 2 Tax Year: 2021

General Property Description

Dwelling Styles: Detached # of Interior Levels: 1 Approx SQFT: 2450 Price/SqFt: 236.73 Approx Lot SqFt: 13375 Approx Lot Acres: 0.307 Flood Zone: No Horses: N Builder Name: Unknown Elementary School District: Creighton Elementary District High School District: Phoenix Union High School District Elementary School: Creighton Elementary School Jr. High School: Creighton Elementary School High School: Camelback High School Community Pool Y/N: No Private Pool Y/N: No Fireplace YN: No Marketing Name: 2 SF Detatched + Duplex Dwelling Type: Single Family Residence Exterior Stories: 1 # Bedrooms: 5 Total Bathrooms: 4 Year Built: 1945

Legal Info

Range: 3E Section: 35 Township: 2N Lot Number: 73

Special Listing Cond

N/A: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 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

Phone Call: 1

Lockbox Type

None: 1

Master Bathroom

Other (See Remarks): 1

Flooring

Carpet: 1 Linoleum: 1 Tile: 1

Dining Area

Eat-in Kitchen: 1

Heating

Electric: 1 Natural Gas: 1 Wall/Floor Heat: 1

Kitchen Features

Gas Oven: 1 Gas Range: 1 Gas Cooktop: 1

Cooling

Evaporative Cooling: 1

Interior Features

No Interior Steps: 1

Laundry

Gas Dryer Hookup: 1 None: 1 Other: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Technology

High Speed Internet: 1

Fencing

Partial: 1

Water Source

City Water: 1

Exterior Features

Patio: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 0 Total Covered Spaces: 0

New Financing

Cash: 1 Conventional: 1

Utilities

SRP: 1 SW Gas: 1

Existing 1st Loan

Treat as Free&Clear: 1

Property Description

East/West Exposure: 1

Landscaping

Gravel/Stone Back: 1

Services

City Services: 1

Contact Info

List Agent Home Phn: 480-215-7657

Disclosures

Agency Discl Req: 1 None: 1

Possession

Subject To Tenant Rights: 1

Association Fee Incl

No Fees: 1

Assoc Rules/Info

None: 1

Sold Info

Loan Type: Cash Closing Cost Split: Normal - N Payment Type: Other Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: 32nd St & Thomas Directions: West on Thomas from 32nd Street to 29th Pl to the property on SW corner of 29th Place and E. Sheridan St Geo Lat: 33.475142 Geo Lon: -112.018646

Status Change Info

Off Market Date: 2022-01-03 Under Contract Date: 2021-12-13 Close of Escrow Date: 2022-01-03 Sold Price: $580,000

Property Features

Special Listing Cond: N/A Master Bathroom: Other (See Remarks) Flooring: Carpet; Linoleum; Tile Spa: None Dining Area: Eat-in Kitchen Kitchen Features: Gas Oven; Gas Range; Gas Cooktop Laundry: Gas Dryer Hookup; None; Other Interior Features: No Interior Steps Technology: High Speed Internet Exterior Features: Patio Construction: Wood Frame Const - Finish: Painted Roofing: Composition Cooling: Evaporative Cooling Heating: Electric; Natural Gas; Wall/Floor Heat Utilities: SRP; SW Gas Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: Partial Property Description: East/West Exposure Landscaping: Gravel/Stone Back Showing Notification Methods: Phone Call Lockbox Type: None Possession: Subject To Tenant Rights Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Disclosures: Agency Discl Req; None

Listing Office: DPR Realty LLC

Last Updated: February - 27 - 2026