Ground-Floor Short-Term Rental
For Sale
$125,000
12123 W BELL Road 110, Surprise, AZ 85378
The unit includes in-home laundry and a covered balcony, with shared recreation and dining amenities on site.
Property Size576 SF
Price / SF$217.01
Days on Market114
Property Features for 12123 W BELL Road 110
General Information
Standard status
Active
Size
576 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$325
Amenities
pool
ponds
bbq
walking paths
on-site restaurant
covered private balcony
in-unit laundry
Building Details
Building Size
576 SF
Year Built
1987
Listing Agency:
My Home Group Real Estate
Listed By:
Tina Ivanic-Lobato
(623) 824-3942
Source:
Themoderndesertgroup
Added: Jul 12
Changed: Nov 2
Last Checked: Nov 1 at 1:42AM
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 My Home Group Real Estate
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Investment Insights
Based on property information with market context.
This 576-square-foot ground-floor apartment was built in 1987 and has received partial updates. Tile flooring runs throughout, and the unit includes its own laundry and a covered balcony. The sale is on an as-is basis.
Shared community features include a swimming pool, ponds, barbecue areas, walking paths, and an on-site restaurant.
Shared community features include a swimming pool, ponds, barbecue areas, walking paths, and an on-site restaurant.
Key Highlights
- 576‑square‑foot ground‑floor apartment
- Built in 1987; partially updated
- Tile flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,909
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,180
$118.2K
Cap Rate 7%
$84,414
$84.4K
Cap Rate 9%
$65,656
$65.7K
Market Conditions
NOI Build-Up for 576 SF
Gross rent
$11.4K $19.80/SF
− Vacancy
−$661 −$1.15/SF
EGI
$10.7K $18.65/SF
− OpEx
−$4.8K −$8.39/SF
NOI
$5.9K $10.26/SF
Area
Surprise, AZ
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,180
Cap Rate 7%
$84,414
Cap Rate 9%
$65,656
Alternative Uses
Best Use
Apartment 5plus
$84.4K
$73.9K – $98.5K
NOI $5,909 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$177.6K
$155.4K – $207.2K
NOI $12,434 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
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Business Placement
Demographics for 85378, AZ
9,368
Population
4,671
Households
2
Avg Household Size
39
Median Age
17%
College-Educated
85%
High-School Grad
3.6 sq mi
ZIP Area
2,602
Density / Sq Mi
$62,881
Median Household Income
$39,942
Median Earnings
$1,369
Median Rent
$235,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - The unit includes in-home laundry and a covered balcony, with shared recreation and dining amenities on site.
Where is this short term rental property located?
The property is located at 12123 W BELL Road 110 Surprise, AZ.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 576‑square‑foot ground‑floor apartment; Built in 1987; partially updated; Tile flooring throughout
