Remodeled Residential Income
For Sale
$299,998
1107 W Osborn Rd #118, Phoenix, AZ 85013
Ground-floor condo with two bedrooms, updated interiors, private patio, covered parking, and access to a community pool.
Property Size1,168 SF
Price / SF$256.85
Days on Market80
Property Features for 1107 W Osborn Rd #118
General Information
Standard status
Active
Size
1,168 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Encanto
Highway Access
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
covered parking
community pool
private patio
Building Details
Year Built
1950
Listing Agency:
A.Z. & Associates
(623) 776-5540
Listed By:
House of AZ
(602) 353-7034
Source:
Houseofarizona
Added: Aug 15
Changed: Nov 1
Last Checked: Nov 1 at 6:02AM
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 A.Z. & Associates
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Investment Insights
Based on property information with market context.
This ground-floor condominium is a remodeled residential property with 2 bedrooms and 1 bath. Interior features include a modern kitchen with stainless steel appliances, updated flooring, a spa-inspired bathroom, and spacious living areas. A private patio adds outdoor space, while covered parking and community pool access are included.
The property is located at 1107 W OSBORN Road 118 in Phoenix, Arizona, within Midtown Phoenix. Downtown Phoenix, restaurants, shopping, Phoenix College, and major freeways are minutes away. Built in 1950, the condominium combines an established building vintage with updated interior finishes.
The property is located at 1107 W OSBORN Road 118 in Phoenix, Arizona, within Midtown Phoenix. Downtown Phoenix, restaurants, shopping, Phoenix College, and major freeways are minutes away. Built in 1950, the condominium combines an established building vintage with updated interior finishes.
Key Highlights
- Ground‑floor condominium with 2 bedrooms and 1 bath
- Remodeled interior with updated flooring and modern kitchen
- Stainless steel kitchen appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,623
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,460
$272.5K
Cap Rate 7%
$194,614
$194.6K
Cap Rate 9%
$151,367
$151.4K
Market Conditions
NOI Build-Up for 1,168 SF
Gross rent
$26.4K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$24.8K $21.21/SF
− OpEx
−$11.1K −$9.54/SF
NOI
$13.6K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,460
Cap Rate 7%
$194,614
Cap Rate 9%
$151,367
Alternative Uses
Best Use
Apartment 5plus
$194.6K
$170.3K – $227.1K
NOI $13,623 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.8K
$309.6K – $412.8K
NOI $24,766 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,764
Businesses Nearby
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Business Placement
Demographics for 85013, AZ
21,970
Population
11,618
Households
1.9
Avg Household Size
38
Median Age
47%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,938
Density / Sq Mi
$68,895
Median Household Income
$53,067
Median Earnings
$1,435
Median Rent
$476,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor condo with two bedrooms, updated interiors, private patio, covered parking, and access to a community pool.
Where is this residential income property located?
The property is located at 1107 W Osborn Rd #118 Phoenix, AZ.
What is the asking price?
The asking price for this property is $299,998.
What are key features of this property?
This property features: Ground‑floor condominium with 2 bedrooms and 1 bath; Remodeled interior with updated flooring and modern kitchen; Stainless steel kitchen appliances included
