Two-Bedroom Condominium with Double
New
For Sale
$238,999
10410 N Cave Creek Road #2100, Phoenix, AZ 85020
A split-bedroom layout and shared recreational facilities support a range of residential needs.
Property Size1,082 SF
Price / SF$220.89
Days on Market2
Property Features for 10410 N Cave Creek Road #2100
General Information
Standard status
Active
Size
1,082 SF
Property subtype
Apartment
Site & Location
Neighborhood
North Mountain
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,518
Amenities
fireplace
double balcony
three heated pools
tennis courts
basketball courts
BBQ areas
green spaces
Double Vanity
Breakfast Bar
High Speed Internet
Balcony
Building Details
Building Size
1,082 SF
Year Built
1998
Stories
2
Listing Agency:
AZ Home Seekers
Listed By:
Jeff & Debbie
(480) 200-5305
Source:
Azhomeseekers
Added: Nov 2
Last Checked: Nov 2 at 1:53PM
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 AZ Home Seekers
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Investment Insights
Based on property information with market context.
This 1,082-square-foot condominium has two bedrooms and two full bathrooms, arranged in a split floor plan. The open living and dining area includes a fireplace and connects to a double balcony through sliding glass doors. A breakfast bar links the kitchen with the main living space. The building was constructed in 1998.
Community amenities include three heated pools, tennis and basketball courts, barbecue areas, and landscaped grounds. North Mountain Park is nearby, with hiking and recreation. Restaurants, shopping, golf, and major freeways are also described as close by, with access to Downtown Phoenix and Phoenix Sky Harbor International Airport.
Community amenities include three heated pools, tennis and basketball courts, barbecue areas, and landscaped grounds. North Mountain Park is nearby, with hiking and recreation. Restaurants, shopping, golf, and major freeways are also described as close by, with access to Downtown Phoenix and Phoenix Sky Harbor International Airport.
Key Highlights
- Two bedrooms and two full bathrooms in 1,082 square feet
- Double balcony accessed from the living and dining area
- Split‑bedroom floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,620
Cap Rate
5.28%
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 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.7K
$286.8K – $382.4K
NOI $22,942 @ 7.0% cap · market cap 9.60%
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
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 - A split-bedroom layout and shared recreational facilities support a range of residential needs.
Where is this residential income property located?
The property is located at 10410 N Cave Creek Road #2100 Phoenix, AZ.
What is the asking price?
The asking price for this property is $238,999.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in 1,082 square feet; Double balcony accessed from the living and dining area; Split‑bedroom floor plan
