Two-Story Residential Income
For Sale
$250,000
Pending
1545 E SAHUARO Drive 14, Phoenix, AZ 85020
The condo has upgraded kitchen finishes, mountain views, and a covered patio.
Property Size984 SF
Days on Market20
Property Features for 1545 E SAHUARO Drive 14
General Information
Standard status
Pending
Size
984 SF
Property subtype
Apartment
Site & Location
Neighborhood
North Mountain
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$873
Amenities
pool
Building Details
Building Size
984 SF
Year Built
1984
Stories
2
Listing Agency:
Redfin Corporation
Listed By:
Jessika Hunter · License #SA693704000
(480) 939-0760
Source:
Alexiabertsatos
Added: Oct 15
Changed: Oct 31
Last Checked: Nov 3 at 1:37PM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
This two-story condo in Stoney Mountain Villa has two bedrooms, one full bathroom, and a half bath on the main floor. Tile flooring runs throughout, and the kitchen features granite countertops, upgraded cabinetry, and stainless steel appliances. The upstairs balcony faces mountain views, while a covered patio and storage area are located at the back of the home. Laundry is upstairs, and the washer, dryer, and other appliances are included. The HVAC unit is two years old.
The home is in North Phoenix, near shopping, dining, and hiking, and a short walk from the community pool. Built in 1984, the residence combines a multi-level layout with indoor and outdoor features.
The home is in North Phoenix, near shopping, dining, and hiking, and a short walk from the community pool. Built in 1984, the residence combines a multi-level layout with indoor and outdoor features.
Key Highlights
- Two bedrooms, one full bathroom, and a main‑floor half bath
- Two‑story condo with tile flooring throughout and no carpet
- Granite countertops, upgraded cabinetry, and stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,477
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,540
$229.5K
Cap Rate 7%
$163,957
$164.0K
Cap Rate 9%
$127,522
$127.5K
Market Conditions
NOI Build-Up for 984 SF
Gross rent
$22.2K $22.56/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$20.9K $21.21/SF
− OpEx
−$9.4K −$9.54/SF
NOI
$11.5K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,540
Cap Rate 7%
$163,957
Cap Rate 9%
$127,522
Alternative Uses
Best Use
Apartment 5plus
$164.0K
$143.5K – $191.3K
NOI $11,477 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.1K
$260.8K – $347.7K
NOI $20,864 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The condo has upgraded kitchen finishes, mountain views, and a covered patio.
Where is this residential income property located?
The property is located at 1545 E SAHUARO Drive 14 Phoenix, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two bedrooms, one full bathroom, and a main‑floor half bath; Two‑story condo with tile flooring throughout and no carpet; Granite countertops, upgraded cabinetry, and stainless steel kitchen appliances
