Golf-Course View
For Sale
$314,900
11640 N TATUM Boulevard 2021, Phoenix, AZ 85028
Gated one-bedroom residence with balcony access, elevator service, and assigned underground parking.
Property Size866 SF
Days on Market207
Property Features for 11640 N TATUM Boulevard 2021
General Information
Standard status
Active
Size
866 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Apartment
Site & Location
Neighborhood
Paradise Valley
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,274
Amenities
gas fireplace
heated pool
spa
fitness center
common areas
outdoor grilling stations
gated community
Building Details
Building Size
866 SF
Year Built
2008
Listing Agency:
HomeSmart
Listed By:
Melissa Helmkamp · License #SA510774000
(480) 703-2201
Source:
Alexiabertsatos
Added: Apr 2
Changed: Oct 17
Last Checked: Oct 24 at 11:15PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This one-bedroom condominium is positioned within a gated Phoenix community and features an open great room, gas fireplace, stainless steel kitchen appliances, and a private balcony oriented toward Stonecreek Golf Course. The elevator-served building provides step-free interior access, while one assigned underground parking space is included.
Community amenities include a heated pool and spa, fitness center, shared gathering areas, and outdoor grilling stations. The HOA includes water, gas, and basic cable service. Built in 2007, the residence combines a compact condominium layout with on-site recreational and common-area amenities at 11640 N TATUM Boulevard.
Community amenities include a heated pool and spa, fitness center, shared gathering areas, and outdoor grilling stations. The HOA includes water, gas, and basic cable service. Built in 2007, the residence combines a compact condominium layout with on-site recreational and common-area amenities at 11640 N TATUM Boulevard.
Key Highlights
- One‑bedroom condominium with Stonecreek Golf Course views
- Private balcony connected to the great room
- Gas fireplace and stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,101
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,020
$202.0K
Cap Rate 7%
$144,300
$144.3K
Cap Rate 9%
$112,233
$112.2K
Market Conditions
NOI Build-Up for 866 SF
Gross rent
$19.5K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$18.4K $21.21/SF
− OpEx
−$8.3K −$9.54/SF
NOI
$10.1K $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%
$202,020
Cap Rate 7%
$144,300
Cap Rate 9%
$112,233
Alternative Uses
Best Use
Apartment 5plus
$144.3K
$126.3K – $168.4K
NOI $10,101 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$262.3K
$229.5K – $306.0K
NOI $18,362 @ 7.0% cap · market cap 5.83%
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
2,148
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Gated one-bedroom residence with balcony access, elevator service, and assigned underground parking.
Where is this residential income property located?
The property is located at 11640 N TATUM Boulevard 2021 Phoenix, AZ.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: One‑bedroom condominium with Stonecreek Golf Course views; Private balcony connected to the great room; Gas fireplace and stainless steel kitchen appliances
