Single-Level Residential Income
For Sale
Contact for pricing
11640 N TATUM Boulevard #1096, Phoenix, AZ 85028
The condo includes two underground parking spaces and access to shared community amenities.
Property Size1,115 SF
Days on Market159
Property Features for 11640 N TATUM Boulevard #1096
General Information
Standard status
Active
Size
1,115 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
gated community
resort style pool
large gym
club house
walking path
shaded patio
stainless steel appliances
granite countertops
washer/dryer
Building Details
Building Size
1,115 SF
Year Built
2007
Stories
1
Listing Agency:
eXp Realty
Listed By:
Diane Brennan
(602) 620-2277
Source:
Brunogroup.kw
Added: May 12
Changed: Oct 16
Last Checked: Oct 16 at 2:14PM
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 eXp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-level condo, built in 2007, has stainless steel appliances, granite countertops, an in-unit washer and dryer, and walk-in closets in the bedrooms. The main bathroom includes a large tub. A shaded patio overlooks a courtyard fountain and landscaped grounds, and an elevator serves the unit. Two underground parking spaces are included.
Residents have access to a gated community with a pool, gym, and clubhouse. A walking path runs alongside Stone Creek Golf Course. The property is near shopping and restaurants, with access to the 51 and 101 nearby.
Residents have access to a gated community with a pool, gym, and clubhouse. A walking path runs alongside Stone Creek Golf Course. The property is near shopping and restaurants, with access to the 51 and 101 nearby.
Key Highlights
- One‑level condo built in 2007
- Two underground parking spaces
- Community pool, gym, and clubhouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,005
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,100
$260.1K
Cap Rate 7%
$185,786
$185.8K
Cap Rate 9%
$144,500
$144.5K
Market Conditions
NOI Build-Up for 1,115 SF
Gross rent
$25.2K $22.56/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$23.6K $21.21/SF
− OpEx
−$10.6K −$9.54/SF
NOI
$13.0K $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%
$260,100
Cap Rate 7%
$185,786
Cap Rate 9%
$144,500
Alternative Uses
Best Use
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,005 @ 7.0% cap · market cap 650.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.7K
$295.5K – $394.0K
NOI $23,642 @ 7.0% cap · market cap 1,182.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,148
Businesses Nearby
Explore this area
Business Placement
Demographics for 85028, AZ
19,888
Population
8,642
Households
2.3
Avg Household Size
48
Median Age
56%
College-Educated
97%
High-School Grad
6.9 sq mi
ZIP Area
2,882
Density / Sq Mi
$119,436
Median Household Income
$69,819
Median Earnings
$1,832
Median Rent
$583,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The condo includes two underground parking spaces and access to shared community amenities.
Where is this residential income property located?
The property is located at 11640 N TATUM Boulevard #1096 Phoenix, AZ.
What are key features of this property?
This property features: One‑level condo built in 2007; Two underground parking spaces; Community pool, gym, and clubhouse
