Residential Income Property with
For Sale
$225,000
10535 W Highwood Lane, Sun City, AZ 85373
Interior improvements include updated kitchen counter space, diamond-accent tile flooring, and taller vanities in both bathrooms.
Property Size1,221 SF
Price / SF$184.28
Days on Market22
Property Features for 10535 W Highwood Lane
General Information
Standard status
Active
Size
1,221 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$349
Amenities
private back patio
3/4 Bath Master Bdrm
Building Details
Building Size
1,221 SF
Year Built
1981
Stories
1
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
Patricia Kathleen Mealy
(623) 229-8097
Source:
Jlberrycompany
Added: Oct 10
Changed: Oct 30
Last Checked: Oct 30 at 2:11AM
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
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Investment Insights
Based on property information with market context.
This 1,221-square-foot residential income property was built in 1981. Interior features include diagonal tile flooring with diamond accents, a kitchen reconfiguration that added counter space, and taller vanities in both bathrooms. A back patio provides outdoor space.
Key Highlights
- 1,221 square feet; built in 1981
- Diagonal tile flooring with diamond accents
- Kitchen reconfigured to add counter space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,780
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,600
$275.6K
Cap Rate 7%
$196,857
$196.9K
Cap Rate 9%
$153,111
$153.1K
Market Conditions
NOI Build-Up for 1,221 SF
Gross rent
$26.4K $21.60/SF
− Vacancy
−$1.3K −$1.08/SF
EGI
$25.1K $20.52/SF
− OpEx
−$11.3K −$9.23/SF
NOI
$13.8K $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%
$275,600
Cap Rate 7%
$196,857
Cap Rate 9%
$153,111
Alternative Uses
Best Use
Apartment 5plus
$196.9K
$172.3K – $229.7K
NOI $13,780 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.7K
$330.5K – $440.6K
NOI $26,438 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
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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 - Interior improvements include updated kitchen counter space, diamond-accent tile flooring, and taller vanities in both bathrooms.
Where is this residential income property located?
The property is located at 10535 W Highwood Lane Sun City, AZ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,221 square feet; built in 1981; Diagonal tile flooring with diamond accents; Kitchen reconfigured to add counter space
