As-Is Multifamily
For Sale
$225,000
Pending
12622 W PARKWOOD Drive, Sun City West, AZ 85375
A 1979 multifamily property offered in its existing condition for a buyer seeking a renovation project.
Property Size1,596 SF
Days on Market179
Property Features for 12622 W PARKWOOD Drive
General Information
Standard status
Pending
Size
1,596 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
bring it up to date
Taxes and HOA fees
Annual Taxes
$1,046
Building Details
Year Built
1979
Listing Agency:
HomeSmart
(602) 230-7600
Listed By:
Carolyn Hayes · License #SA528649000
(623) 910-6902
Source:
Exitrealty
Added: May 9
Changed: Oct 28
Last Checked: Oct 28 at 4:37AM
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 1,596-square-foot multifamily property was built in 1979 and is being offered in its existing condition. The property has remained with its original owners, providing a straightforward acquisition for a buyer prepared to shape the asset according to a new vision.
Located at 12622 W Parkwood Drive in Sun City West, Arizona, the property is identified as a multifamily asset and is offered for sale. Its existing condition and established construction date provide the primary framework for evaluating the opportunity.
Located at 12622 W Parkwood Drive in Sun City West, Arizona, the property is identified as a multifamily asset and is offered for sale. Its existing condition and established construction date provide the primary framework for evaluating the opportunity.
Key Highlights
- 1,596‑square‑foot multifamily property
- Built in 1979
- Offered in its existing condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,012
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,240
$360.2K
Cap Rate 7%
$257,314
$257.3K
Cap Rate 9%
$200,133
$200.1K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$34.5K $21.60/SF
− Vacancy
−$1.7K −$1.08/SF
EGI
$32.7K $20.52/SF
− OpEx
−$14.7K −$9.23/SF
NOI
$18.0K $11.29/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,240
Cap Rate 7%
$257,314
Cap Rate 9%
$200,133
Alternative Uses
Best Use
Apartment 5plus
$257.3K
$225.2K – $300.2K
NOI $18,012 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.7K
$432.0K – $576.0K
NOI $34,558 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 85375, AZ
27,944
Population
19,340
Households
1.4
Avg Household Size
75
Median Age
35%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
2,254
Density / Sq Mi
$63,977
Median Household Income
$30,838
Median Earnings
$1,658
Median Rent
$350,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A 1979 multifamily property offered in its existing condition for a buyer seeking a renovation project.
Where is this multifamily property located?
The property is located at 12622 W PARKWOOD Drive Sun City West, AZ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,596‑square‑foot multifamily property; Built in 1979; Offered in its existing condition
