Three-Bedroom End-Unit
For Sale
$179,000
11666 N 28th Drive Unit 265, Phoenix, AZ 85029
Top-floor configuration includes a split bedroom plan, two full bathrooms, and balcony access from the living room and owner's suite.
Property Size1,088 SF
Price / SF$164.52
Days on Market446
Property Features for 11666 N 28th Drive Unit 265
General Information
Standard status
Active
Size
1,088 SF
Property subtype
Apartment
Site & Location
Neighborhood
North Mountain
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$638
Amenities
community pool
fireplace
balcony
covered front patio
private storage
nearby parking
inside laundry
Building Details
Building Size
1,088 SF
Year Built
1984
Listing Agency:
HomeSmart
Listed By:
Amy Hall
(602) 686-8832
Source:
1912realty
Added: Aug 14, 2025
Changed: Nov 2
Last Checked: Nov 1 at 4:29PM
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 1,088-square-foot condominium was built in 1984 and has three bedrooms, two full bathrooms, and a split floorplan. The upper-level end unit features vaulted ceilings, a stone fireplace, and a kitchen with pantry and cabinet storage. Both the living room and owner's suite open to a balcony. The suite includes dual sinks, a vanity area, a walk-in closet, and a walk-in shower.
Additional features include a covered front patio with private storage, interior laundry, newer bedroom carpet, and a refrigerator, washer, and dryer. The unit is near one of the community's three pools and has nearby parking.
Additional features include a covered front patio with private storage, interior laundry, newer bedroom carpet, and a refrigerator, washer, and dryer. The unit is near one of the community's three pools and has nearby parking.
Key Highlights
- Three‑bedroom, two‑bath condominium with a split floorplan
- 1,088 square feet; built in 1984
- Top‑floor end unit with vaulted ceilings and a stone fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,690
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,800
$253.8K
Cap Rate 7%
$181,286
$181.3K
Cap Rate 9%
$141,000
$141.0K
Market Conditions
NOI Build-Up for 1,088 SF
Gross rent
$24.5K $22.56/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$23.1K $21.21/SF
− OpEx
−$10.4K −$9.54/SF
NOI
$12.7K $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%
$253,800
Cap Rate 7%
$181,286
Cap Rate 9%
$141,000
Alternative Uses
Best Use
Apartment 5plus
$181.3K
$158.6K – $211.5K
NOI $12,690 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.6K
$288.4K – $384.5K
NOI $23,070 @ 7.0% cap · market cap 12.89%
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
786
Businesses Nearby
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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 - Top-floor configuration includes a split bedroom plan, two full bathrooms, and balcony access from the living room and owner's suite.
Where is this residential income property located?
The property is located at 11666 N 28th Drive Unit 265 Phoenix, AZ.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath condominium with a split floorplan; 1,088 square feet; built in 1984; Top‑floor end unit with vaulted ceilings and a stone fireplace
