Gated One-Bedroom
New
For Sale
$322,000
11640 N Tatum Boulevard #3060, Phoenix, AZ 85028
Top-floor one-bedroom condo in a gated, controlled-access community with resort-style amenities and an assigned parking space.
Property Size866 SF
Price / SF$371.82
Days on Market3
Property Features for 11640 N Tatum Boulevard #3060
General Information
Standard status
Active
Size
866 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
swimming pool
hot tub
fitness center
BBQ areas
community recreation room
gated community
Building Details
Building Size
866 SF
Year Built
2007
Listing Agency:
Coldwell Banker Realty
(301) 366-8598
Listed By:
Andrea Kilen
(301) 366-8598
Source:
Aznewhorizonrealty
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 12:38AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This top-floor one-bedroom condominium is in a gated, controlled-access community and is presented as move-in ready with numerous upgrades. The home features brand new luxury vinyl flooring in the living/dining area and bedroom (2026), fresh paint, updated recessed lighting, and soaring 10'+ ceilings with abundant natural light. A corner gas fireplace provides a relaxed focal point. The living and dining areas connect to a private balcony accessible from both the living room and the bedroom, overlooking quiet community green space.
The kitchen includes granite countertops, tile flooring, an integrated breakfast bar, and stainless steel appliances such as a side-by-side refrigerator with ice and filtered water, flat-top stove, dishwasher, and microwave. Reverse osmosis water purification is included, along with a built-in desk nook.
Additional highlights include a new HVAC system (2023), custom motorized remote-controlled window shades, and an updated bathroom with a custom walk-in shower (2022). A large-capacity stacked washer/dryer is also included, plus a king-sized bedroom with a walk-in closet with built-ins. An underground assigned parking space is located conveniently close to the elevator. Community amenities include a swimming pool, hot tub, fitness center, BBQ areas, and a recreation room.
The property is located near the newly reimagined Paradise Valley Mall, with everyday essentials, major retailers, the 51, and commuter routes within easy reach.
The kitchen includes granite countertops, tile flooring, an integrated breakfast bar, and stainless steel appliances such as a side-by-side refrigerator with ice and filtered water, flat-top stove, dishwasher, and microwave. Reverse osmosis water purification is included, along with a built-in desk nook.
Additional highlights include a new HVAC system (2023), custom motorized remote-controlled window shades, and an updated bathroom with a custom walk-in shower (2022). A large-capacity stacked washer/dryer is also included, plus a king-sized bedroom with a walk-in closet with built-ins. An underground assigned parking space is located conveniently close to the elevator. Community amenities include a swimming pool, hot tub, fitness center, BBQ areas, and a recreation room.
The property is located near the newly reimagined Paradise Valley Mall, with everyday essentials, major retailers, the 51, and commuter routes within easy reach.
Key Highlights
- Luxury vinyl flooring added in living/dining and bedroom (2026)
- New HVAC system (2023) and custom motorized remote‑controlled window shades
- Custom walk‑in shower and updated bathroom (2022)
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.5k | $22.56 |
| − Vacancy | −$1.2k | −$1.35 |
| EGI | $18.4k | $21.21 |
| − OpEx | −$8.3k | −$9.54 |
| NOI | $10.1k | $11.66 |
866 SF · lease $22.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$144.3K
$126.3K – $168.4K
NOI $10,101 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$262.3K
$229.5K – $306.0K
NOI $18,362 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Properties on Market for Residential income properties in Phoenix
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor one-bedroom condo in a gated, controlled-access community with resort-style amenities and an assigned parking space.
Where is this residential income property located?
The property is located at 11640 N Tatum Boulevard #3060 Phoenix, AZ.
What is the asking price?
The asking price for this property is $322,000.
What are key features of this property?
This property features: Luxury vinyl flooring added in living/dining and bedroom (2026); New HVAC system (2023) and custom motorized remote‑controlled window shades; Custom walk‑in shower and updated bathroom (2022)
