Two-Bedroom Waterfront
New
For Sale
$389,000
Pending
16013 S DESERT FOOTHILLS Parkway 2068, Phoenix, AZ 85048
Updated windows, patio access, and community recreation amenities complement a two-bedroom, two-bath layout.
Property Size1,048 SF
Days on Market7
Property Features for 16013 S DESERT FOOTHILLS Parkway 2068
General Information
Standard status
Pending
Size
1,048 SF
Property subtype
Apartment
Site & Location
Neighborhood
Ahwatukee Foothills
Highway Access
Yes
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,564
Amenities
private patio
two pools (one heated)
spas
fitness center
clubhouse
volleyball court
BBQ area
business center
Building Details
Building Size
1,048 SF
Year Built
1997
Listing Agency:
eXp Realty
Listed By:
Stephanie Levine
(602) 615-4009
Source:
Gillettegroupaz
Added: Oct 28
Changed: Nov 2
Last Checked: Nov 3 at 1:21PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium was built in 1997 and includes a private patio and garage space for parking or storage. Improvements include replacement windows, a sliding glass door, shutters and blinds, interior paint, updated light fixtures and ceiling fans, a security door, and a water heater.
San Simeon includes two pools, one heated, spas, a fitness center, clubhouse, volleyball court, BBQ area, and business center. The property is in a waterfront setting, with freeway access and nearby South Mountain hiking and biking trails and Foothills Golf Club.
San Simeon includes two pools, one heated, spas, a fitness center, clubhouse, volleyball court, BBQ area, and business center. The property is in a waterfront setting, with freeway access and nearby South Mountain hiking and biking trails and Foothills Golf Club.
Key Highlights
- Two‑bedroom, two‑bath condominium
- Private patio in a waterfront setting
- Garage provides parking and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,223
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,460
$244.5K
Cap Rate 7%
$174,614
$174.6K
Cap Rate 9%
$135,811
$135.8K
Market Conditions
NOI Build-Up for 1,048 SF
Gross rent
$23.6K $22.56/SF
− Vacancy
−$1.4K −$1.35/SF
EGI
$22.2K $21.21/SF
− OpEx
−$10.0K −$9.54/SF
NOI
$12.2K $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%
$244,460
Cap Rate 7%
$174,614
Cap Rate 9%
$135,811
Alternative Uses
Best Use
Apartment 5plus
$174.6K
$152.8K – $203.7K
NOI $12,223 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.4K
$277.8K – $370.4K
NOI $22,221 @ 7.0% cap · market cap 5.71%
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
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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 - Updated windows, patio access, and community recreation amenities complement a two-bedroom, two-bath layout.
Where is this residential income property located?
The property is located at 16013 S DESERT FOOTHILLS Parkway 2068 Phoenix, AZ.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium; Private patio in a waterfront setting; Garage provides parking and storage
