Remodeled Top-Floor
For Sale
$249,000
12222 N Paradise Village Parkway S #440, Phoenix, AZ 85032
Move-in-ready top-floor condo with updated finishes, elevator access, and a covered parking space below the front entrance.
Days on Market35
Property Features for 12222 N Paradise Village Parkway S #440
General Information
Standard status
Active
Property subtype
Apartment
Amenities
resort-style clubhouse
pool
fitness center
cactus garden
pedestrian pathway
covered parking
Building Details
Building Size
850 SF
Year Built
1983
Listing Agency:
Gentry Real Estate
(707) 217-2428
Listed By:
Mark St. Peter
(707) 217-2428
Source:
Sunhaven-realestate
Added: Jun 26
Changed: Jul 27
Last Checked: Jul 29 at 12:57PM
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 Gentry Real Estate
Investment Insights
Based on property information with market context.
This beautifully remodeled top-floor condominium has been thoughtfully updated with new cabinetry, Taj Mahal quartz countertops, LVP flooring, fresh interior paint, updated baseboards, designer lighting, modern fixtures, and stylish hardware. The unit’s layout is complemented by the building’s elevator for easier access.
The community offers multiple amenities, including a clubhouse, fitness center, and five pools, with one pool reportedly just steps from the door. The property also features outdoor common space such as a cactus garden and a pedestrian pathway that borders Stone Creek Golf Course.
For day-to-day convenience, the unit includes an assigned covered parking space located directly below the front entrance. The community recently completed installation of a brand-new, state-of-the-art irrigation system.
The community offers multiple amenities, including a clubhouse, fitness center, and five pools, with one pool reportedly just steps from the door. The property also features outdoor common space such as a cactus garden and a pedestrian pathway that borders Stone Creek Golf Course.
For day-to-day convenience, the unit includes an assigned covered parking space located directly below the front entrance. The community recently completed installation of a brand-new, state-of-the-art irrigation system.
Key Highlights
- Top‑floor condominium (Year Built 1983) with updated interior finishes including Taj Mahal quartz countertops and new cabinetry
- Move‑in‑ready updates include LVP flooring, fresh interior paint, updated baseboards, designer lighting, modern fixtures, and stylish hardware
- Building includes an elevator for easy access
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 | $16.8k | $19.80 |
| − Vacancy | −$1.1k | −$1.35 |
| EGI | $15.7k | $18.45 |
| − OpEx | −$7.1k | −$8.30 |
| NOI | $8.6k | $10.15 |
850 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$123.2K
$107.8K – $143.8K
NOI $8,627 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.9K
$224.8K – $299.8K
NOI $17,985 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
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 - Move-in-ready top-floor condo with updated finishes, elevator access, and a covered parking space below the front entrance.
Where is this residential income property located?
The property is located at 12222 N Paradise Village Parkway S #440 Phoenix, AZ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Top‑floor condominium (Year Built 1983) with updated interior finishes including Taj Mahal quartz countertops and new cabinetry; Move‑in‑ready updates include LVP flooring, fresh interior paint, updated baseboards, designer lighting, modern fixtures, and stylish hardware; Building includes an elevator for easy access
