Gated Community 3-Bedroom
For Sale
$249,000
12440 N 20th Street #220, Phoenix, AZ 85022
Updated 3-bedroom, 2-bath second-floor end unit with a private patio, covered parking, and in-unit washer/dryer.
Property Size972 SF
Price / SF$256.17
Days on Market31
Property Features for 12440 N 20th Street #220
General Information
Standard status
Active
Size
972 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Business Included
No
Highway Access
Yes
Amenities
gated entry
community pool
built-in BBQs
private front patio
extra storage
in-unit washer/dryer
Building Details
Building Size
972 SF
Year Built
1986
Year Renovated
2023
Listing Agency:
REMAX SUMMIT PROPERTIES
(707) 799-2146
Listed By:
Frank Gawronski
(707) 799-2146
Source:
Sunhaven-realestate
Added: Jul 3
Changed: Jul 28
Last Checked: Aug 1 at 1:20PM
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 REMAX SUMMIT PROPERTIES
Investment Insights
Based on property information with market context.
Located in the gated Shamrock Glen community, this fully updated 3-bedroom, 2-bath second-floor end unit offers 972 sq ft of move-in-ready living. The 2023 full remodel includes new luxury vinyl plank flooring throughout (no carpet), fresh interior paint, granite countertops, and stainless steel appliances, along with an in-unit washer/dryer for everyday convenience. A private front patio with extra storage adds outdoor space, and the home includes an assigned covered parking space.
The unit overlooks the community pool and is set within an amenity-rich environment that includes gated entry and built-in BBQs. With quick access to I-17 and SR-51, commuting across the Valley is straightforward, and Sky Harbor International Airport is roughly 25 minutes away. Nearby routes provide convenient access to Grand Canyon University, Paradise Valley shopping and dining, Moon Valley amenities, and public transit options.
This condo’s practical layout and modern finishes make it well suited for buyers seeking a low-maintenance, gated setting with turn-key condition.
The unit overlooks the community pool and is set within an amenity-rich environment that includes gated entry and built-in BBQs. With quick access to I-17 and SR-51, commuting across the Valley is straightforward, and Sky Harbor International Airport is roughly 25 minutes away. Nearby routes provide convenient access to Grand Canyon University, Paradise Valley shopping and dining, Moon Valley amenities, and public transit options.
This condo’s practical layout and modern finishes make it well suited for buyers seeking a low-maintenance, gated setting with turn-key condition.
Key Highlights
- Fully updated 3‑bedroom, 2‑bath second‑floor end unit condo in the gated Shamrock Glen community
- 972 sq ft layout overlooks the community pool and includes three generously sized bedrooms
- 2023 full remodel: new luxury vinyl plank flooring (no carpet), fresh interior paint, granite countertops, and stainless steel appliances
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 | $21.9k | $22.56 |
| − Vacancy | −$1.3k | −$1.35 |
| EGI | $20.6k | $21.21 |
| − OpEx | −$9.3k | −$9.54 |
| NOI | $11.3k | $11.66 |
972 SF · lease $22.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$162.0K
$141.7K – $189.0K
NOI $11,337 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.4K
$257.6K – $343.5K
NOI $20,610 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 85022, AZ
51,314
Population
25,020
Households
2.1
Avg Household Size
39
Median Age
36%
College-Educated
91%
High-School Grad
9.4 sq mi
ZIP Area
5,459
Density / Sq Mi
$66,601
Median Household Income
$45,875
Median Earnings
$1,517
Median Rent
$385,900
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 - Updated 3-bedroom, 2-bath second-floor end unit with a private patio, covered parking, and in-unit washer/dryer.
Where is this residential income property located?
The property is located at 12440 N 20th Street #220 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: Fully updated 3‑bedroom, 2‑bath second‑floor end unit condo in the gated Shamrock Glen community; 972 sq ft layout overlooks the community pool and includes three generously sized bedrooms; 2023 full remodel: new luxury vinyl plank flooring (no carpet), fresh interior paint, granite countertops, and stainless steel appliances
