Updated Residential Income
10841 W Santa Fe Dr, Sun City, AZ 85351
For Sale
$183,900
Condominium with refreshed systems, pet-friendly terms, and rental eligibility.
Property Size1,146 SF
Price / SF$160.47
Days on Market51
Property Features for 10841 W Santa Fe Dr
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
(623) 298-2200
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 10 at 7:19AM
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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
Based on property information with market context.
This 1,146-square-foot condominium offers two bedrooms, one bathroom, and a 1.5-car garage. Improvements include a 2020 roof, 2018 air-conditioning system, 2025 water heater, updated kitchen cabinetry, new insulated garage door, and added attic insulation. Dual-pane windows and Milgard doors with a 10-year warranty add further detail to the property’s updates. Tile flooring runs through the home except for berber carpet in the second bedroom, while the bathroom includes copper plumbing, updated shower fixtures, and a bidet-equipped toilet.
The condominium is located at 10841 W Santa Fe Dr in Sun City, Arizona. The unit permits up to two pets of any size and may be rented, providing flexibility for an owner-occupant or income-property owner. Built in 1976, the residence combines an established construction date with multiple recent improvements.
The condominium is located at 10841 W Santa Fe Dr in Sun City, Arizona. The unit permits up to two pets of any size and may be rented, providing flexibility for an owner-occupant or income-property owner. Built in 1976, the residence combines an established construction date with multiple recent improvements.
Key Highlights
- 1,146‑square‑foot condominium with two bedrooms and one bathroom
- 1.5‑car garage with a new insulated garage door
- Roof replaced in 2020; air conditioning updated in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,934
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,680
$258.7K
Cap Rate 7%
$184,771
$184.8K
Cap Rate 9%
$143,711
$143.7K
Market Conditions
NOI Build-Up for 1,146 SF
Gross rent
$24.8K $21.60/SF
− Vacancy
−$1.2K −$1.08/SF
EGI
$23.5K $20.52/SF
− OpEx
−$10.6K −$9.23/SF
NOI
$12.9K $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%
$258,680
Cap Rate 7%
$184,771
Cap Rate 9%
$143,711
Alternative Uses
Best Use
Apartment 5plus
$184.8K
$161.7K – $215.6K
NOI $12,934 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.5K
$310.2K – $413.6K
NOI $24,814 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,119
Businesses Nearby
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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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Market
Properties on Market for Residential income properties in Maricopa County
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium with refreshed systems, pet-friendly terms, and rental eligibility.
Where is this residential income property located?
The property is located at 10841 W Santa Fe Dr Sun City, AZ.
What is the asking price?
The asking price for this property is $183,900.
What are key features of this property?
This property features: 1,146‑square‑foot condominium with two bedrooms and one bathroom; 1.5‑car garage with a new insulated garage door; Roof replaced in 2020; air conditioning updated in 2018
