Two-Bedroom Residential Income
For Sale
$169,000
10021 W Thunderbird Boulevard, Sun City, AZ 85351
The condo includes an enclosed Arizona room, a one-car garage, and in-unit laundry.
Property Size1,318 SF
Price / SF$128.22
Days on Market38
Property Features for 10021 W Thunderbird Boulevard
General Information
Standard status
Active
Size
1,318 SF
Total Parking Spaces
1
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
Great fixer up!
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$426
Amenities
enclosed Arizona room
laundry
Building Details
Building Size
1,318 SF
Year Built
1972
Listing Agency:
1912 Realty
Listed By:
Lloyd Fox
(480) 516-0555
Source:
1912realty
Added: Sep 23
Changed: Oct 26
Last Checked: Oct 26 at 2:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 1912 Realty
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Investment Insights
Based on property information with market context.
This 1,318-square-foot condo has two bedrooms, two bathrooms, and an enclosed Arizona room. A one-car garage provides built-in cabinets and laundry. The HVAC system was replaced in 2020, and the roof has been recoated.
The property is in central Sun City, with amenities nearby.
The property is in central Sun City, with amenities nearby.
Key Highlights
- 1,318 square feet with 2 bedrooms and 2 bathrooms
- Enclosed Arizona room
- One‑car garage with built‑in cabinets and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,875
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,500
$297.5K
Cap Rate 7%
$212,500
$212.5K
Cap Rate 9%
$165,278
$165.3K
Market Conditions
NOI Build-Up for 1,318 SF
Gross rent
$28.5K $21.60/SF
− Vacancy
−$1.4K −$1.08/SF
EGI
$27.0K $20.52/SF
− OpEx
−$12.2K −$9.23/SF
NOI
$14.9K $11.29/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,500
Cap Rate 7%
$212,500
Cap Rate 9%
$165,278
Alternative Uses
Best Use
Apartment 5plus
$212.5K
$185.9K – $247.9K
NOI $14,875 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.7K
$356.7K – $475.7K
NOI $28,539 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
Explore this area
Business Placement
Demographics for 85351, AZ
29,795
Population
20,414
Households
1.5
Avg Household Size
73
Median Age
24%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
2,733
Density / Sq Mi
$50,812
Median Household Income
$29,786
Median Earnings
$1,477
Median Rent
$250,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo includes an enclosed Arizona room, a one-car garage, and in-unit laundry.
Where is this residential income property located?
The property is located at 10021 W Thunderbird Boulevard Sun City, AZ.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 1,318 square feet with 2 bedrooms and 2 bathrooms; Enclosed Arizona room; One‑car garage with built‑in cabinets and laundry
