Golf Course Residential
New
For Sale
$172,500
10840 N Fairway Ct #EAST, Sun City, AZ 85351
The two-bedroom home is sold furnished and is subject to community restrictions that prohibit rentals.
Property Size1,230 SF
Price / SF$140.24
Days on Market2
Property Features for 10840 N Fairway Ct #EAST
General Information
Standard status
Active
Size
1,230 SF
Elevators
Yes
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Highway Access
Yes
Amenities
elevator
covered parking
golf cart parking
storage unit
swimming pools
lap pools
walking pools
hot tubs
bowling
pickleball
shuffle board
pool tables
darts
tennis
ground bowling
mini golf
lake activities
golf courses
cable TV
Building Details
Year Built
1963
Listing Agency:
West Usa Realty
(602) 942-4200
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:15AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on the second floor, this 1,230-square-foot condo has two bedrooms, two bathrooms, vaulted ceilings and an open living area. The kitchen features quartz counters, refaced cabinets, subway tile and a breakfast bar. The primary suite includes two closets and a Jacuzzi-brand shower; both bathrooms have ADA-height toilets. Tile flooring was installed in 2021, and the air-conditioning system was replaced in 2023. Windows and the sliding door were replaced in 2016. The sale includes furniture, décor, dishes and linens, along with covered parking, golf cart parking and a large storage unit.
The home overlooks a golf course and is close to the elevator. The HOA fee includes cable TV. The age-restricted community offers seven recreation centers, pools, sports and activity facilities, lake activities and access to eight public golf courses. Community rules prohibit rentals; at least one resident must be 55 or older, and no permanent resident may be under 19.
The home overlooks a golf course and is close to the elevator. The HOA fee includes cable TV. The age-restricted community offers seven recreation centers, pools, sports and activity facilities, lake activities and access to eight public golf courses. Community rules prohibit rentals; at least one resident must be 55 or older, and no permanent resident may be under 19.
Key Highlights
- Two‑bedroom, two‑bathroom condo with 1,230 square feet
- Golf course views from a second‑floor home near the elevator
- Furnished sale includes décor, dishes and linens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,882
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,640
$277.6K
Cap Rate 7%
$198,314
$198.3K
Cap Rate 9%
$154,244
$154.2K
Market Conditions
NOI Build-Up for 1,230 SF
Gross rent
$26.6K $21.60/SF
− Vacancy
−$1.3K −$1.08/SF
EGI
$25.2K $20.52/SF
− OpEx
−$11.4K −$9.23/SF
NOI
$13.9K $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%
$277,640
Cap Rate 7%
$198,314
Cap Rate 9%
$154,244
Alternative Uses
Best Use
Apartment 5plus
$198.3K
$173.5K – $231.4K
NOI $13,882 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.5K
$332.9K – $443.9K
NOI $26,633 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
155
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
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom home is sold furnished and is subject to community restrictions that prohibit rentals.
Where is this residential income property located?
The property is located at 10840 N Fairway Ct #EAST Sun City, AZ.
What is the asking price?
The asking price for this property is $172,500.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condo with 1,230 square feet; Golf course views from a second‑floor home near the elevator; Furnished sale includes décor, dishes and linens
