Residential Income Property with Bonus
For Sale
$249,000
11005 W SANTA FE Drive, Sun City, AZ 85351
A separate room beside the kitchen provides flexible interior space in addition to the two-bedroom, two-bathroom layout.
Property Size1,318 SF
Price / SF$188.92
Days on Market43
Property Features for 11005 W SANTA FE Drive
General Information
Standard status
Active
Size
1,318 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
covered patio
skylight
pools
recreation centers
golf
fitness facilities
clubs
Building Details
Year Built
1970
Listing Agency:
Redfin Corporation
(602) 483-4919
Listed By:
Amberleigh Napolez · License #SA693304000
(623) 693-7049
Source:
Kathrynthomas
Added: Sep 18
Changed: Oct 28
Last Checked: Oct 28 at 4:00PM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
This 1,318-square-foot residential property in Sun City has two bedrooms, two bathrooms, a great room, and a bonus room off the kitchen. The kitchen has updated cabinetry, Corian countertops, a newer dishwasher and stove, and a skylight. Other interior features include plank flooring, refreshed bathrooms, dual-pane windows, and a primary suite with an en-suite bathroom and dual closets. A one-car garage adds storage and convenience.
Outside, a covered patio has pavers. The property was built in 1970 and is located in Sun City, Arizona.
Outside, a covered patio has pavers. The property was built in 1970 and is located in Sun City, Arizona.
Key Highlights
- 1,318 square feet with two bedrooms and two bathrooms
- Bonus room located off the kitchen
- One‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,875
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,500
$297.5K
Cap Rate 7%
$212,500
$212.5K
Cap Rate 9%
$165,278
$165.3K
Market Conditions
NOI Build-Up for 1,318 SF
Gross rent
$28.5K $21.60/SF
− Vacancy
−$1.4K −$1.08/SF
EGI
$27.0K $20.52/SF
− OpEx
−$12.2K −$9.23/SF
NOI
$14.9K $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%
$297,500
Cap Rate 7%
$212,500
Cap Rate 9%
$165,278
Alternative Uses
Best Use
Apartment 5plus
$212.5K
$185.9K – $247.9K
NOI $14,875 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.7K
$356.7K – $475.7K
NOI $28,539 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
701
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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Frequently Asked Questions
What type of property is this?
Residential income property - A separate room beside the kitchen provides flexible interior space in addition to the two-bedroom, two-bathroom layout.
Where is this residential income property located?
The property is located at 11005 W SANTA FE Drive Sun City, AZ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,318 square feet with two bedrooms and two bathrooms; Bonus room located off the kitchen; One‑car garage
