Furnished Residential Income
For Sale
$299,000
10136 E SOUTHERN Avenue 3111, Mesa, AZ 85209
The 2014 condo includes an open living area, a three-bedroom layout, and community recreation and fitness amenities.
Property Size1,268 SF
Price / SF$235.80
Days on Market126
Property Features for 10136 E SOUTHERN Avenue 3111
General Information
Standard status
Active
Size
1,268 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,521
Amenities
heated pools
sport court
fitness center
Building Details
Building Size
1,268 SF
Year Built
2014
Listing Agency:
Inteam Realty, LLC
Listed By:
Lori Ann C. Stokes
(480) 215-0439
Source:
Soldbysteck
Added: Jun 29
Changed: Oct 31
Last Checked: Oct 31 at 2:41PM
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 Inteam Realty, LLC
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Investment Insights
Based on property information with market context.
This furnished condo in Coyote Landing has 1,268 square feet, with three bedrooms and two bathrooms. The open-concept layout includes vaulted ceilings and a kitchen with granite countertops, shaker cabinetry, a pantry, a breakfast peninsula, and a beverage refrigerator. The primary suite features dual sinks, a makeup vanity, a tiled shower, and a walk-in closet.
Residents have access to two heated pools, a sport court, and a fitness center. The property was built in 2014 and is located at 10136 E Southern Avenue, Unit 3111, in Mesa, Arizona.
Residents have access to two heated pools, a sport court, and a fitness center. The property was built in 2014 and is located at 10136 E Southern Avenue, Unit 3111, in Mesa, Arizona.
Key Highlights
- Furnished condo with 3 bedrooms and 2 bathrooms
- 1,268 square feet
- Kitchen includes granite countertops, shaker cabinets, pantry, breakfast peninsula, and beverage refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,911
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,220
$258.2K
Cap Rate 7%
$184,443
$184.4K
Cap Rate 9%
$143,456
$143.5K
Market Conditions
NOI Build-Up for 1,268 SF
Gross rent
$25.1K $19.80/SF
− Vacancy
−$1.6K −$1.29/SF
EGI
$23.5K $18.51/SF
− OpEx
−$10.6K −$8.33/SF
NOI
$12.9K $10.18/SF
Area
ZIP 85209
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,220
Cap Rate 7%
$184,443
Cap Rate 9%
$143,456
Alternative Uses
Best Use
Apartment 5plus
$184.4K
$161.4K – $215.2K
NOI $12,911 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$421.0K
$368.4K – $491.2K
NOI $29,472 @ 7.0% cap · market cap 9.86%
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
620
Businesses Nearby
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Business Placement
Demographics for 85209, AZ
44,192
Population
21,921
Households
2
Avg Household Size
44
Median Age
33%
College-Educated
93%
High-School Grad
11.8 sq mi
ZIP Area
3,745
Density / Sq Mi
$80,498
Median Household Income
$46,682
Median Earnings
$1,798
Median Rent
$363,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2014 condo includes an open living area, a three-bedroom layout, and community recreation and fitness amenities.
Where is this residential income property located?
The property is located at 10136 E SOUTHERN Avenue 3111 Mesa, AZ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Furnished condo with 3 bedrooms and 2 bathrooms; 1,268 square feet; Kitchen includes granite countertops, shaker cabinets, pantry, breakfast peninsula, and beverage refrigerator
