One-Bedroom Income
For Sale
$184,900
1006 E Osborn Road D, Phoenix, AZ 85014
Condominium residence with a private balcony, refreshed bath, and access to a community pool.
Property Size605 SF
Price / SF$305.62
Days on Market66
Property Features for 1006 E Osborn Road D
General Information
Standard status
Active
Size
605 SF
Property subtype
Apartment
Site & Location
Neighborhood
Encanto
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$440
Amenities
community pool
Building Details
Building Size
605 SF
Year Built
1969
Listing Agency:
Real Broker
Listed By:
Chantel Saathoff
(480) 526-0734
Source:
Alexiabertsatos
Added: Aug 29
Changed: Nov 2
Last Checked: Nov 1 at 1:34PM
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 Real Broker
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Investment Insights
Based on property information with market context.
This one-bedroom condominium offers 605 square feet with an open connection between the living and dining areas. A private balcony extends the interior living space and faces mature desert landscaping within the community. The bathroom has been refreshed with teal accent tile, while the kitchen and remaining interior provide a foundation for personalized updates.
Built in 1969, the property is located in Midtown Phoenix near the Central Avenue corridor. The surrounding area includes dining, shopping, parks, major hospitals, and downtown Phoenix. Residents also have access to the community pool. The home can serve as a primary residence, a lock-and-leave retreat, or an investment property.
Built in 1969, the property is located in Midtown Phoenix near the Central Avenue corridor. The surrounding area includes dining, shopping, parks, major hospitals, and downtown Phoenix. Residents also have access to the community pool. The home can serve as a primary residence, a lock-and-leave retreat, or an investment property.
Key Highlights
- One‑bedroom condominium with 605 square feet of interior space
- Private balcony overlooking mature desert landscaping
- Open living and dining area with abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,056
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$141,120
$141.1K
Cap Rate 7%
$100,800
$100.8K
Cap Rate 9%
$78,400
$78.4K
Market Conditions
NOI Build-Up for 605 SF
Gross rent
$13.6K $22.56/SF
− Vacancy
−$819 −$1.35/SF
EGI
$12.8K $21.21/SF
− OpEx
−$5.8K −$9.54/SF
NOI
$7.1K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$141,120
Cap Rate 7%
$100,800
Cap Rate 9%
$78,400
Alternative Uses
Best Use
Apartment 5plus
$100.8K
$88.2K – $117.6K
NOI $7,056 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$183.3K
$160.4K – $213.8K
NOI $12,828 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,155
Businesses Nearby
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Business Placement
Demographics for 85014, AZ
26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with a private balcony, refreshed bath, and access to a community pool.
Where is this residential income property located?
The property is located at 1006 E Osborn Road D Phoenix, AZ.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: One‑bedroom condominium with 605 square feet of interior space; Private balcony overlooking mature desert landscaping; Open living and dining area with abundant natural light
