Updated Residential
For Sale
$198,000
1008 E OSBORN Road C, Phoenix, AZ 85014
The gated community offers a pool, outdoor deck, and barbecue area for residents.
Property Size900 SF
Days on Market11
Property Features for 1008 E OSBORN Road C
General Information
Standard status
Active
Size
900 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
Encanto
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$376
Amenities
community pool
deck
BBQ
gated community
courtyard
in-unit washer & dryer
appliances
arcadia doors
patio
walk-in closet
private storage space
Building Details
Building Size
900 SF
Year Built
1969
Listing Agency:
West USA Realty
Listed By:
Michael Maloney · License #SA636804000
(602) 625-2181
Source:
Alexiabertsatos
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 25 at 2:02AM
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 West USA Realty
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Investment Insights
Based on property information with market context.
Built in 1969, this residential condominium has an updated kitchen and bathroom, refreshed flooring and lighting, and a spacious bedroom with a walk-in closet. Two arched glass doors open toward the courtyard, with a patio extending the living area. The unit includes a washer and dryer, other appliances, one covered parking space, and private storage.
The gated community is across from Phoenix Country Club. Community amenities include a pool, deck, and barbecue area. The HOA covers electricity, water, city services, and maintenance of common areas. The property provides access to downtown and uptown Phoenix, light rail, Sky Harbor, and local sports and cultural events.
The gated community is across from Phoenix Country Club. Community amenities include a pool, deck, and barbecue area. The HOA covers electricity, water, city services, and maintenance of common areas. The property provides access to downtown and uptown Phoenix, light rail, Sky Harbor, and local sports and cultural events.
Key Highlights
- Updated kitchen, bathroom, flooring, and lighting
- Spacious bedroom with walk‑in closet and two courtyard‑facing arched doors
- Private patio, one covered parking space, and separate storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,497
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,940
$209.9K
Cap Rate 7%
$149,957
$150.0K
Cap Rate 9%
$116,633
$116.6K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$20.3K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$19.1K $21.21/SF
− OpEx
−$8.6K −$9.54/SF
NOI
$10.5K $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%
$209,940
Cap Rate 7%
$149,957
Cap Rate 9%
$116,633
Alternative Uses
Best Use
Apartment 5plus
$150.0K
$131.2K – $175.0K
NOI $10,497 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.6K
$238.5K – $318.1K
NOI $19,083 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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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 - The gated community offers a pool, outdoor deck, and barbecue area for residents.
Where is this residential income property located?
The property is located at 1008 E OSBORN Road C Phoenix, AZ.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Updated kitchen, bathroom, flooring, and lighting; Spacious bedroom with walk‑in closet and two courtyard‑facing arched doors; Private patio, one covered parking space, and separate storage
