Residential Income Property with Arizona
New
For Sale
$166,900
13885 N 111th Avenue, Sun City, AZ 85351
A flexible Arizona room complements the home’s living area, with skylights and an updated bathroom adding practical interior features.
Property Size1,050 SF
Price / SF$158.95
Days on Market5
Property Features for 13885 N 111th Avenue
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$539
Amenities
Arizona room
skylights
Eat-in Kitchen
Pantry
Laminate Counters
High Speed Internet
9+ Flat Ceilings
No Interior Steps
Building Details
Building Size
1,050 SF
Year Built
1972
Stories
1
Listing Agency:
HomeSmart
(602) 230-7600
Listed By:
Gina Neamtu · License #SA521416000
(623) 225-0259
Source:
Jlberrycompany
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:39AM
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 residential income property contains 1,050 square feet and was built in 1972. The living room has a high ceiling and connects to an Arizona room that can serve as office or hobby space. Multiple skylights and updated light fixtures bring natural light into the home. The bathroom has been remodeled with a tiled walk-in shower, and the 1.5-car garage includes storage cabinets. The air-conditioning unit was replaced in 2023, and the roof was replaced in 2022.
Shopping centers, banks, restaurants, community centers, and hospitals are within walking distance. The property is also near the 101 Loop Freeway and US 60.
Shopping centers, banks, restaurants, community centers, and hospitals are within walking distance. The property is also near the 101 Loop Freeway and US 60.
Key Highlights
- 1,050‑square‑foot residential income property built in 1972
- Arizona room offers additional space for office or hobby use
- 1.5‑car garage with storage cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,850
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,000
$237.0K
Cap Rate 7%
$169,286
$169.3K
Cap Rate 9%
$131,667
$131.7K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$22.7K $21.60/SF
− Vacancy
−$1.1K −$1.08/SF
EGI
$21.5K $20.52/SF
− OpEx
−$9.7K −$9.23/SF
NOI
$11.9K $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%
$237,000
Cap Rate 7%
$169,286
Cap Rate 9%
$131,667
Alternative Uses
Best Use
Apartment 5plus
$169.3K
$148.1K – $197.5K
NOI $11,850 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.8K
$284.2K – $378.9K
NOI $22,736 @ 7.0% cap · market cap 13.62%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Explore this area
Business Placement
Demographics for 85351, AZ
29,795
Population
20,414
Households
1.5
Avg Household Size
73
Median Age
24%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
2,733
Density / Sq Mi
$50,812
Median Household Income
$29,786
Median Earnings
$1,477
Median Rent
$250,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A flexible Arizona room complements the home’s living area, with skylights and an updated bathroom adding practical interior features.
Where is this residential income property located?
The property is located at 13885 N 111th Avenue Sun City, AZ.
What is the asking price?
The asking price for this property is $166,900.
What are key features of this property?
This property features: 1,050‑square‑foot residential income property built in 1972; Arizona room offers additional space for office or hobby use; 1.5‑car garage with storage cabinets
