Two-Story Residential Income
For Sale
$250,000
Pending
1545 E SAHUARO Drive #14, Phoenix, AZ 85020
The two-bedroom home has a renovated kitchen, upstairs balcony, and covered patio.
Property Size984 SF
Days on Market19
Property Features for 1545 E SAHUARO Drive #14
General Information
Standard status
Pending
Size
984 SF
Property subtype
Apartment
Site & Location
Neighborhood
North Mountain
Building Details
Year Built
1984
Listing Agency:
Redfin Corporation
(602) 483-4919
Listed By:
Jessika Hunter · License #SA693704000
(480) 939-0760
Source:
Kathrynthomas
Added: Oct 15
Changed: Nov 1
Last Checked: Nov 1 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 Redfin Corporation
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Investment Insights
Based on property information with market context.
This two-story residential income property is an end-unit condo with 984 square feet, two bedrooms, one full bathroom, and a main-level half bath. Tile flooring extends throughout. The kitchen has granite countertops, upgraded cabinetry, and stainless steel appliances. A balcony upstairs and a covered patio at the rear provide outdoor areas, with mountain views from the balcony. The patio also includes storage. Laundry is located upstairs, and the washer, dryer, and other appliances remain with the home. The HVAC unit is two years old.
The condo is part of Stoney Mountain Villa, with the community pool a short walk away. The property is in North Phoenix, near shopping, dining, and hiking areas.
The condo is part of Stoney Mountain Villa, with the community pool a short walk away. The property is in North Phoenix, near shopping, dining, and hiking areas.
Key Highlights
- End‑unit condo with 984 square feet across two stories
- Two bedrooms, one full bathroom, and a main‑floor half bath
- Tile flooring throughout; no carpet
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.
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Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom home has a renovated kitchen, upstairs balcony, and 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: End‑unit condo with 984 square feet across two stories; Two bedrooms, one full bathroom, and a main‑floor half bath; Tile flooring throughout; no carpet
