Furnished Two-Bedroom Income
For Sale
$380,000
10401 N 52ND Street 210, Paradise Valley, AZ 85253
Second-floor end unit with split-bedroom layout, vaulted ceilings, and patio laundry.
Property Size1,054 SF
Days on Market178
Property Features for 10401 N 52ND Street 210
General Information
Standard status
Active
Size
1,054 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,220
Building Details
Building Size
1,054 SF
Year Built
1995
Listing Agency:
eXp Realty
(480) 382-8922
Listed By:
Jesse Scheel · License #SA670717000
(480) 382-8922
Source:
Jcluxuryresidential
Added: Feb 23
Changed: Aug 16
Last Checked: Aug 19 at 2:52PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This fully furnished residential income property is a second-floor end-unit condominium with two bedrooms and two bathrooms. The interior features vaulted ceilings, a wood-burning fireplace, granite countertops, stainless steel appliances, and wood flooring. Bedrooms are positioned on opposite sides of the unit, with each offering a walk-in closet; the primary bedroom includes an en suite bathroom. The kitchen and adjoining common area provide a connected setting for daily use and entertaining.
A private patio includes laundry facilities and faces the Indian Bend wash. The condominium was built in 1995 and is located within the Paradise Valley subdivision of Marbeya.
A private patio includes laundry facilities and faces the Indian Bend wash. The condominium was built in 1995 and is located within the Paradise Valley subdivision of Marbeya.
Key Highlights
- Two‑bedroom, two‑bathroom second‑floor end unit
- Fully furnished condominium with wood‑burning fireplace
- Vaulted ceilings, granite countertops, stainless steel appliances, and wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,895
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$237,900
$237.9K
Cap Rate 7%
$169,929
$169.9K
Cap Rate 9%
$132,167
$132.2K
Market Conditions
NOI Build-Up for 1,054 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.8K $21.60/SF
− Vacancy
−$1.1K −$1.08/SF
EGI
$21.6K $20.52/SF
− OpEx
−$9.7K −$9.23/SF
NOI
$11.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$237,900
Cap Rate 7%
$169,929
Cap Rate 9%
$132,167
Alternative Uses
Best Use
Apartment 5plus
$169.9K
$148.7K – $198.3K
NOI $11,895 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.0K
$285.3K – $380.4K
NOI $22,822 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,513
Businesses Nearby
Explore this area
Business Placement
Demographics for 85253, AZ
17,358
Population
8,815
Households
2
Avg Household Size
53
Median Age
71%
College-Educated
98%
High-School Grad
18.1 sq mi
ZIP Area
959
Density / Sq Mi
$182,150
Median Household Income
$79,848
Median Earnings
$1,935
Median Rent
$2,000,001
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor end unit with split-bedroom layout, vaulted ceilings, and patio laundry.
Where is this residential income property located?
The property is located at 10401 N 52ND Street 210 Paradise Valley, AZ.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom second‑floor end unit; Fully furnished condominium with wood‑burning fireplace; Vaulted ceilings, granite countertops, stainless steel appliances, and wood flooring
