Renovated Two-Bedroom
New
For Sale
$227,500
10506 W Highwood Ln, Sun City, AZ 85373
A covered patio, attached garage storage, and a recent air-conditioning replacement add practical features to this condominium.
Property Size1,401 SF
Price / SF$162.38
Days on Market5
Property Features for 10506 W Highwood Ln
General Information
Standard status
Active
Size
1,401 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Building Details
Year Built
1981
Listing Agency:
West Usa Realty
(602) 942-4200
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 14 at 11:15PM
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 West Usa Realty
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Investment Insights
Based on property information with market context.
This 1,401-square-foot condominium has two bedrooms and two bathrooms, with a renovated interior featuring wood-look flooring, tile, and natural light. The kitchen has shaker-style cabinets, granite countertops, and built-in appliances. A walk-in closet and private bathroom serve the main bedroom. The home also includes a covered patio and a one-car garage with attached storage and laundry. The air-conditioning system was replaced less than two years ago.
Built in 1981, the property is located in Sun City, Arizona.
Built in 1981, the property is located in Sun City, Arizona.
Key Highlights
- Two bedrooms and two bathrooms
- 1,401 square feet; built in 1981
- Air conditioning replaced less than two years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,812
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,240
$316.2K
Cap Rate 7%
$225,886
$225.9K
Cap Rate 9%
$175,689
$175.7K
Market Conditions
NOI Build-Up for 1,401 SF
Gross rent
$30.3K $21.60/SF
− Vacancy
−$1.5K −$1.08/SF
EGI
$28.7K $20.52/SF
− OpEx
−$12.9K −$9.23/SF
NOI
$15.8K $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 Rate 5%
$316,240
Cap Rate 7%
$225,886
Cap Rate 9%
$175,689
Alternative Uses
Best Use
Apartment 5plus
$225.9K
$197.7K – $263.5K
NOI $15,812 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$433.4K
$379.2K – $505.6K
NOI $30,336 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Explore this area
Business Placement
Demographics for 85373, AZ
19,629
Population
10,749
Households
1.8
Avg Household Size
64
Median Age
31%
College-Educated
95%
High-School Grad
11.3 sq mi
ZIP Area
1,737
Density / Sq Mi
$68,445
Median Household Income
$42,133
Median Earnings
$1,950
Median Rent
$317,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A covered patio, attached garage storage, and a recent air-conditioning replacement add practical features to this condominium.
Where is this residential income property located?
The property is located at 10506 W Highwood Ln Sun City, AZ.
What is the asking price?
The asking price for this property is $227,500.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; 1,401 square feet; built in 1981; Air conditioning replaced less than two years ago
