18202 Cave Creek Road 129, Phoenix, AZ 85032
Affordable, renovated 2-bed, 1-bath condo near transportation.
- Added:
- Oct 12, 2024
- Days on Market:
- 633
- Last Refresh:
- May 19 at 10:44 pm
Property Features for 18202 Cave Creek Road 129
General Information
- Standard status
- Active
- Size
- 836 SF
- Lot size
- 0.01 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1983
Listing office Coldwell Banker Realty (928) 254-0501
Listing date Oct 12, 2024
Source Exitrealty
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 Coldwell Banker Realty
HighLights
- Affordable price at $140,000, making it cheaper than renting.
- Fully renovated 2‑bed (1 bedroom + den), 1‑bath condo.
- Prime location with easy access to transportation.
- Ideal for students attending nearby colleges and universities.
- Smart investment opportunity for the future.
- Built in 1983.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.6k | $19.80 |
| − Vacancy | −$1.1k | −$1.35 |
| EGI | $15.4k | $18.45 |
| − OpEx | −$6.9k | −$8.30 |
| NOI | $8.5k | $10.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0313191
- Latitude
- 33.6520853
