Updated Residential Income
New
For Sale
$234,999
10554 W Ocotillo Drive, Sun City, AZ 85373
A redesigned kitchen, tile flooring, and a paver patio distinguish this updated home in Sun City Phase 3.
Property Size1,375 SF
Price / SF$170.91
Days on Market2
Property Features for 10554 W Ocotillo Drive
General Information
Standard status
Active
Size
1,375 SF
Property subtype
Apartment
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$585
Amenities
Pantry
Quartz Countertops
9+ Flat Ceilings
Private Yard
Building Details
Building Size
1,375 SF
Year Built
1974
Stories
1
Listing Agency:
ALASKA A LA CARTE REALTY
Listed By:
Andrea Barker · License #RECB15913
(907) 590-2300
Source:
Arizonaalacarterealty
Added: Oct 22
Last Checked: Oct 22 at 2:13PM
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 ALASKA A LA CARTE REALTY
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Investment Insights
Based on property information with market context.
Built in 1974, this Sun City Phase 3 home has a redesigned kitchen with quartz counters and newer stainless appliances. Plank tile flooring and plantation shutters continue the interior updates, while the primary suite includes a custom closet and a tiled walk-in shower. A paver patio provides outdoor space.
Major systems include a roof installed in 2020, air conditioning from 2018, and a water heater installed in 2026. Community activities listed include golf, pickleball, swimming, fitness, clubs, and recreation.
Major systems include a roof installed in 2020, air conditioning from 2018, and a water heater installed in 2026. Community activities listed include golf, pickleball, swimming, fitness, clubs, and recreation.
Key Highlights
- Redesigned kitchen with quartz countertops and newer stainless appliances
- Walk‑in tiled shower and custom primary closet
- Plank tile flooring and plantation shutters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,518
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,360
$310.4K
Cap Rate 7%
$221,686
$221.7K
Cap Rate 9%
$172,422
$172.4K
Market Conditions
NOI Build-Up for 1,375 SF
Gross rent
$29.7K $21.60/SF
− Vacancy
−$1.5K −$1.08/SF
EGI
$28.2K $20.52/SF
− OpEx
−$12.7K −$9.23/SF
NOI
$15.5K $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%
$310,360
Cap Rate 7%
$221,686
Cap Rate 9%
$172,422
Alternative Uses
Best Use
Apartment 5plus
$221.7K
$194.0K – $258.6K
NOI $15,518 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$425.3K
$372.2K – $496.2K
NOI $29,773 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
607
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 - A redesigned kitchen, tile flooring, and a paver patio distinguish this updated home in Sun City Phase 3.
Where is this residential income property located?
The property is located at 10554 W Ocotillo Drive Sun City, AZ.
What is the asking price?
The asking price for this property is $234,999.
What are key features of this property?
This property features: Redesigned kitchen with quartz countertops and newer stainless appliances; Walk‑in tiled shower and custom primary closet; Plank tile flooring and plantation shutters
