Ground-Floor Residential Income
For Sale
$169,900
11666 N 28th Dr #177, Phoenix, AZ 85029
Two-bedroom condo with updated finishes, a private patio, and views toward the community pool.
Property Size874 SF
Price / SF$194.39
Days on Market48
Property Features for 11666 N 28th Dr #177
General Information
Standard status
Active
Size
874 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
North Mountain
Highway Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
community pool
Building Details
Year Built
1984
Listing Agency:
Homesmart
(602) 230-7600
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 1 at 5:47AM
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 ground-level condominium offers 2 bedrooms and 2 baths within an 874-square-foot layout. Recent interior updates include fresh paint and new carpet, while the back patio faces the community pool. Built in 1984, the residence combines a private outdoor area with access to shared community amenities.
The property is located at 11666 N 28th Dr #177 in Phoenix, Arizona, near dining, shopping, entertainment, and major freeways serving the valley.
The property is located at 11666 N 28th Dr #177 in Phoenix, Arizona, near dining, shopping, entertainment, and major freeways serving the valley.
Key Highlights
- 2‑bedroom, 2‑bath ground‑floor condominium
- 874 square feet of living space
- Fresh paint and new carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,194
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,880
$203.9K
Cap Rate 7%
$145,629
$145.6K
Cap Rate 9%
$113,267
$113.3K
Market Conditions
NOI Build-Up for 874 SF
Gross rent
$19.7K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$18.5K $21.21/SF
− OpEx
−$8.3K −$9.54/SF
NOI
$10.2K $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%
$203,880
Cap Rate 7%
$145,629
Cap Rate 9%
$113,267
Alternative Uses
Best Use
Apartment 5plus
$145.6K
$127.4K – $169.9K
NOI $10,194 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.7K
$231.7K – $308.9K
NOI $18,532 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
Business Placement
Demographics for 85029, AZ
47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo with updated finishes, a private patio, and views toward the community pool.
Where is this residential income property located?
The property is located at 11666 N 28th Dr #177 Phoenix, AZ.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath ground‑floor condominium; 874 square feet of living space; Fresh paint and new carpet
