Two-Bedroom
New
For Sale
$290,000
10410 N Cave Creek Rd #2037, Phoenix, AZ 85020
The top-floor residence faces east and overlooks a greenbelt, mature trees, and mountain scenery.
Property Size1,082 SF
Price / SF$268.02
Days on Market5
Property Features for 10410 N Cave Creek Rd #2037
General Information
Standard status
Active
Size
1,082 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
1994
Listing Agency:
Michelle Ventures Real Estate
(602) 791-2191
Listed By:
The Crouch Group
(623) 294-9492
Source:
Crouchgroupaz
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 6:06PM
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 Michelle Ventures Real Estate
Investment Insights
Based on property information with market context.
This top-floor condominium in Phoenix has two bedrooms and two bathrooms across 1,082 square feet. Its east-facing position looks out over a greenbelt and mature trees, with mountain views. Built in 1994, the residence is located at 10410 N Cave Creek Rd, unit 2037.
Key Highlights
- Two bedrooms and two bathrooms
- 1,082 square feet
- Top‑floor, east‑facing unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,620
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,400
$252.4K
Cap Rate 7%
$180,286
$180.3K
Cap Rate 9%
$140,222
$140.2K
Market Conditions
NOI Build-Up for 1,082 SF
Gross rent
$24.4K $22.56/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$22.9K $21.21/SF
− OpEx
−$10.3K −$9.54/SF
NOI
$12.6K $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%
$252,400
Cap Rate 7%
$180,286
Cap Rate 9%
$140,222
Alternative Uses
Best Use
Apartment 5plus
$180.3K
$157.8K – $210.3K
NOI $12,620 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.7K
$286.8K – $382.4K
NOI $22,942 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
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Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The top-floor residence faces east and overlooks a greenbelt, mature trees, and mountain scenery.
Where is this residential income property located?
The property is located at 10410 N Cave Creek Rd #2037 Phoenix, AZ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; 1,082 square feet; Top‑floor, east‑facing unit
