Residential Income Condo with
New
For Sale
$299,900
16013 S Desert Foothills Parkway #2117, Phoenix, AZ 85048
A covered private patio, in-unit laundry, and shared recreation amenities complement the three-bedroom residence.
Property Size1,357 SF
Price / SF$221
Days on Market1
Property Features for 16013 S Desert Foothills Parkway #2117
General Information
Standard status
Active
Size
1,357 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
Ahwatukee Foothills
Highway Access
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,653
Amenities
fireplace
private covered patio
inside laundry
community pools
clubhouse
exercise room
Full Bth Master Bdrm
Double Vanity
Pantry
Granite Counters
High Speed Internet
9+ Flat Ceilings
No Interior Steps
Balcony
Storage
Building Details
Building Size
1,357 SF
Year Built
1997
Stories
2
Listing Agency:
RHouse Realty
(480) 460-2300
Listed By:
Rachael Richards · License #SA556276000
(480) 270-5782
Source:
Azonlinerealty
Added: Nov 2
Last Checked: Nov 2 at 1:56PM
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 RHouse Realty
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Investment Insights
Based on property information with market context.
This 1,357-square-foot condominium has three bedrooms and two bathrooms, with a primary suite that includes a private bath and walk-in closet. The kitchen is equipped with stainless steel appliances, granite countertops, and cabinet storage. A fireplace serves the living room, which opens onto a covered patio with a separate storage room; the patio also connects to the primary bedroom. Laundry is located inside the unit. A one-car garage is positioned a short walk from the entrance. The property was built in 1997.
Community facilities include two pools, a clubhouse, and an exercise room. Shopping and dining options, golf, and hiking and biking routes are identified in the surrounding Ahwatukee area. Freeway access provides connections to Sky Harbor Airport, downtown Phoenix, and other parts of the Valley.
Community facilities include two pools, a clubhouse, and an exercise room. Shopping and dining options, golf, and hiking and biking routes are identified in the surrounding Ahwatukee area. Freeway access provides connections to Sky Harbor Airport, downtown Phoenix, and other parts of the Valley.
Key Highlights
- 1,357‑square‑foot condominium with three bedrooms and two bathrooms
- One‑car garage located a short walk from the unit entrance
- Covered patio with separate storage room and access from the primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,827
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,540
$316.5K
Cap Rate 7%
$226,100
$226.1K
Cap Rate 9%
$175,856
$175.9K
Market Conditions
NOI Build-Up for 1,357 SF
Gross rent
$30.6K $22.56/SF
− Vacancy
−$1.8K −$1.35/SF
EGI
$28.8K $21.21/SF
− OpEx
−$12.9K −$9.54/SF
NOI
$15.8K $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%
$316,540
Cap Rate 7%
$226,100
Cap Rate 9%
$175,856
Alternative Uses
Best Use
Apartment 5plus
$226.1K
$197.8K – $263.8K
NOI $15,827 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$411.0K
$359.7K – $479.6K
NOI $28,773 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 85048, AZ
34,524
Population
14,369
Households
2.4
Avg Household Size
42
Median Age
62%
College-Educated
98%
High-School Grad
10.1 sq mi
ZIP Area
3,418
Density / Sq Mi
$123,198
Median Household Income
$70,210
Median Earnings
$1,995
Median Rent
$538,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A covered private patio, in-unit laundry, and shared recreation amenities complement the three-bedroom residence.
Where is this residential income property located?
The property is located at 16013 S Desert Foothills Parkway #2117 Phoenix, AZ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,357‑square‑foot condominium with three bedrooms and two bathrooms; One‑car garage located a short walk from the unit entrance; Covered patio with separate storage room and access from the primary bedroom
