Residential Condo with Private
New
For Sale
$165,500
10624 W Oakmont Drive, Sun City, AZ 85351
The HOA permits rentals subject to its rules, and the unit includes a garage and courtyard access.
Property Size729 SF
Price / SF$227.02
Days on Market2
Property Features for 10624 W Oakmont Drive
General Information
Standard status
Active
Size
729 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$342
Amenities
courtyard
private patio
storage shed
3/4 Bath Master Bdrm
Breakfast Bar
Kitchen Island
Laminate Counters
High Speed Internet
No Interior Steps
Building Details
Building Size
729 SF
Year Built
1960
Stories
1
Listing Agency:
Realty ONE Group
(623) 236-1414
Listed By:
Michele Moorehead · License #SA666024000
(480) 489-7235
Source:
Justsellingaz
Added: Oct 29
Last Checked: Oct 29 at 2:51PM
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 Realty ONE Group
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Investment Insights
Based on property information with market context.
This 729-square-foot, one-bedroom, one-bathroom condo was built in 1960 and has updated kitchen cabinetry, countertops, backsplash, island, and appliances. The bathroom has a tiled walk-in shower and newer vanity. The bedroom opens to a covered patio with tiled and paved surfaces, a courtyard, and a storage shed. A garage with an electric door is also included.
The HOA allows rentals subject to its rules. Amenities, recreation centers, and shopping are nearby.
The HOA allows rentals subject to its rules. Amenities, recreation centers, and shopping are nearby.
Key Highlights
- 729‑square‑foot condo with 1 bedroom and 1 bathroom
- HOA permits rentals, subject to its rules
- Updated kitchen with newer cabinetry, countertops, backsplash, island, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,227
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,540
$164.5K
Cap Rate 7%
$117,529
$117.5K
Cap Rate 9%
$91,411
$91.4K
Market Conditions
NOI Build-Up for 729 SF
Gross rent
$15.7K $21.60/SF
− Vacancy
−$787 −$1.08/SF
EGI
$15.0K $20.52/SF
− OpEx
−$6.7K −$9.23/SF
NOI
$8.2K $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%
$164,540
Cap Rate 7%
$117,529
Cap Rate 9%
$91,411
Alternative Uses
Best Use
Apartment 5plus
$117.5K
$102.8K – $137.1K
NOI $8,227 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$225.5K
$197.3K – $263.1K
NOI $15,785 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
Explore this area
Business Placement
Demographics for 85351, AZ
29,795
Population
20,414
Households
1.5
Avg Household Size
73
Median Age
24%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
2,733
Density / Sq Mi
$50,812
Median Household Income
$29,786
Median Earnings
$1,477
Median Rent
$250,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The HOA permits rentals subject to its rules, and the unit includes a garage and courtyard access.
Where is this residential income property located?
The property is located at 10624 W Oakmont Drive Sun City, AZ.
What is the asking price?
The asking price for this property is $165,500.
What are key features of this property?
This property features: 729‑square‑foot condo with 1 bedroom and 1 bathroom; HOA permits rentals, subject to its rules; Updated kitchen with newer cabinetry, countertops, backsplash, island, and appliances
