Second-Floor One-Bedroom
New
For Sale
$245,000
16013 S Desert Foothills Parkway #2006, Phoenix, AZ 85048
A private balcony offers mountain views, complemented by assigned covered parking.
Property Size698 SF
Price / SF$351
Days on Market2
Property Features for 16013 S Desert Foothills Parkway #2006
General Information
Standard status
Active
Size
698 SF
Property subtype
Apartment
Site & Location
Neighborhood
Ahwatukee Foothills
Highway Access
Yes
Units
Unit Mix
1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$950
Amenities
private balcony
assigned covered parking
Full Bth Master Bdrm
Breakfast Bar
Laminate Counters
High Speed Internet
No Interior Steps
Balcony
Storage
Building Details
Building Size
698 SF
Year Built
1997
Stories
2
Listing Agency:
Century 21 Arizona Foothills
(480) 704-8000
Listed By:
Susanne M Kutner-Overton
(602) 619-2012
Source:
Azonlinerealty
Added: Nov 2
Last Checked: Nov 2 at 1:59PM
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 Century 21 Arizona Foothills
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Investment Insights
Based on property information with market context.
This 698-square-foot condominium has one bedroom and one bathroom on the second floor, with no residence overhead. A private balcony provides mountain views. Updates include newer air conditioning, refreshed flooring, and a remodeled bathroom. The property was built in 1997 and includes assigned covered parking, along with access to community amenities.
The Phoenix Foothills setting offers access to shopping, dining, and major freeways.
The Phoenix Foothills setting offers access to shopping, dining, and major freeways.
Key Highlights
- 698‑square‑foot, one‑bedroom, one‑bathroom residence
- Second‑floor placement with no neighbors above
- Private balcony with mountain views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,141
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,820
$162.8K
Cap Rate 7%
$116,300
$116.3K
Cap Rate 9%
$90,456
$90.5K
Market Conditions
NOI Build-Up for 698 SF
Gross rent
$15.7K $22.56/SF
− Vacancy
−$945 −$1.35/SF
EGI
$14.8K $21.21/SF
− OpEx
−$6.7K −$9.54/SF
NOI
$8.1K $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%
$162,820
Cap Rate 7%
$116,300
Cap Rate 9%
$90,456
Alternative Uses
Best Use
Apartment 5plus
$116.3K
$101.8K – $135.7K
NOI $8,141 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$211.4K
$185.0K – $246.7K
NOI $14,800 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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 private balcony offers mountain views, complemented by assigned covered parking.
Where is this residential income property located?
The property is located at 16013 S Desert Foothills Parkway #2006 Phoenix, AZ.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 698‑square‑foot, one‑bedroom, one‑bathroom residence; Second‑floor placement with no neighbors above; Private balcony with mountain views
