Updated Residential Income
For Sale
$219,900
1734 W TUCKEY Lane 11, Phoenix, AZ 85015
Remodeled condo unit with stainless appliances, stackable laundry, community pool access, and an enclosed garage.
Property Size1,080 SF
Price / SF$203.61
Days on Market228
Property Features for 1734 W TUCKEY Lane 11
General Information
Standard status
Active
Size
1,080 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
Alhambra
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$455
Amenities
pool
Building Details
Building Size
1,080 SF
Year Built
1964
Listing Agency:
HomeSmart
Listed By:
Mark Evan Chaney
(602) 679-7188
Source:
Alexiabertsatos
Added: Mar 20
Changed: Oct 31
Last Checked: Nov 1 at 2:03PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This updated residential income property is a 1,080-square-foot condominium unit with two bedrooms and one and a half bathrooms. The remodeled interior includes stainless steel appliances, coordinated granite countertops, tile flooring, and a stackable washer and dryer. A one-car enclosed garage is positioned in the alley behind the complex, while the community pool is located nearby.
Built in 1964, the property is located at 1734 W Tuckey Lane 11 in Phoenix, Arizona. The condominium layout and included improvements provide a defined residential asset with dedicated garage parking and access to a shared recreational amenity.
Built in 1964, the property is located at 1734 W Tuckey Lane 11 in Phoenix, Arizona. The condominium layout and included improvements provide a defined residential asset with dedicated garage parking and access to a shared recreational amenity.
Key Highlights
- 2 bedrooms and 1.5 bathrooms in a 1,080‑square‑foot condo unit
- Remodeled interior with stainless steel appliances and granite countertops
- Tile flooring throughout the condominium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,597
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,940
$251.9K
Cap Rate 7%
$179,957
$180.0K
Cap Rate 9%
$139,967
$140.0K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$24.4K $22.56/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$22.9K $21.21/SF
− OpEx
−$10.3K −$9.54/SF
NOI
$12.6K $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%
$251,940
Cap Rate 7%
$179,957
Cap Rate 9%
$139,967
Alternative Uses
Best Use
Apartment 5plus
$180.0K
$157.5K – $210.0K
NOI $12,597 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.1K
$286.3K – $381.7K
NOI $22,900 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
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Business Placement
Demographics for 85015, AZ
41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Remodeled condo unit with stainless appliances, stackable laundry, community pool access, and an enclosed garage.
Where is this residential income property located?
The property is located at 1734 W TUCKEY Lane 11 Phoenix, AZ.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 2 bedrooms and 1.5 bathrooms in a 1,080‑square‑foot condo unit; Remodeled interior with stainless steel appliances and granite countertops; Tile flooring throughout the condominium
