End-Unit Residential
For Sale
$350,000
101 N 7TH Street 144, Phoenix, AZ 85034
Updated kitchen and baths, in-unit laundry, and a private patio off the second bedroom support a flexible two-bedroom layout.
Property Size1,161 SF
Price / SF$301.46
Days on Market41
Property Features for 101 N 7TH Street 144
General Information
Standard status
Active
Size
1,161 SF
Property subtype
Apartment
Site & Location
Neighborhood
Central City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,606
Amenities
inside laundry
gated
lazy river
ponds
Spool
BBQ area
Building Details
Building Size
1,161 SF
Year Built
1986
Listing Agency:
Keller Williams Realty Sonoran Living
Listed By:
BVO Luxury Group · License #01428775
(833) 286-7653
Source:
Bvoluxury
Added: Sep 18
Changed: Oct 26
Last Checked: Oct 26 at 10:47AM
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 Keller Williams Realty Sonoran Living
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Investment Insights
Based on property information with market context.
This end-unit condominium offers 1,161 square feet with two bedrooms, a large living room, an open kitchen, a dining area, and in-unit laundry. Walk-in closets and additional storage complement the layout. The kitchen and bathrooms have updated cabinetry and quartz counters, and the refrigerator and washer and dryer are included. The unit also has a new AC unit, tile flooring in the main living areas, and carpet in the bedrooms; furniture is available.
The gated community is near downtown Phoenix destinations and includes landscaped grounds, a lazy river, ponds, and a BBQ area with a large spool. The unit sits beside the spool and BBQ area, and the second bedroom has its own private patio.
The gated community is near downtown Phoenix destinations and includes landscaped grounds, a lazy river, ponds, and a BBQ area with a large spool. The unit sits beside the spool and BBQ area, and the second bedroom has its own private patio.
Key Highlights
- End‑unit condominium with 1,161 square feet
- Two bedrooms, including a second bedroom with a private patio
- Updated kitchen and bathrooms with quartz counters and new cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,541
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,820
$270.8K
Cap Rate 7%
$193,443
$193.4K
Cap Rate 9%
$150,456
$150.5K
Market Conditions
NOI Build-Up for 1,161 SF
Gross rent
$26.2K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$24.6K $21.21/SF
− OpEx
−$11.1K −$9.54/SF
NOI
$13.5K $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%
$270,820
Cap Rate 7%
$193,443
Cap Rate 9%
$150,456
Alternative Uses
Best Use
Apartment 5plus
$193.4K
$169.3K – $225.7K
NOI $13,541 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.7K
$307.7K – $410.3K
NOI $24,617 @ 7.0% cap · market cap 7.03%
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
4,041
Businesses Nearby
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Business Placement
Demographics for 85034, AZ
5,033
Population
2,901
Households
1.7
Avg Household Size
32
Median Age
32%
College-Educated
81%
High-School Grad
11.6 sq mi
ZIP Area
434
Density / Sq Mi
$53,545
Median Household Income
$43,236
Median Earnings
$1,205
Median Rent
$397,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen and baths, in-unit laundry, and a private patio off the second bedroom support a flexible two-bedroom layout.
Where is this residential income property located?
The property is located at 101 N 7TH Street 144 Phoenix, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: End‑unit condominium with 1,161 square feet; Two bedrooms, including a second bedroom with a private patio; Updated kitchen and bathrooms with quartz counters and new cabinetry
