Residential Income Property with
For Sale
$309,000
1832 N 52ND Street 205, Phoenix, AZ 85008
The two-bedroom, two-bath condo includes covered parking and access to a community pool, spa, and barbecue area.
Property Size960 SF
Price / SF$321.88
Days on Market280
Property Features for 1832 N 52ND Street 205
General Information
Standard status
Active
Size
960 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$847
Amenities
pool
spa
bbq area
in-unit laundry
private patio
covered parking
Building Details
Building Size
960 SF
Year Built
1986
Listing Agency:
eXp Realty
Listed By:
Kimberly K Salazar
(602) 531-7500
Source:
Bvoluxury
Added: Jan 21
Changed: Oct 26
Last Checked: Oct 26 at 11:17AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 960-square-foot condominium in Phoenix has two bedrooms, two bathrooms, high ceilings, and a bright living area. The unit includes in-home laundry and a private patio, with one covered parking space. Built in 1986, the property is part of a community with a pool, spa, and barbecue area. The HOA covers the roof, trash, and exterior maintenance.
The property is minutes from Arcadia Lite, Scottsdale, Downtown Phoenix, and Sky Harbor. Major freeways, dining, and shopping are also nearby.
The property is minutes from Arcadia Lite, Scottsdale, Downtown Phoenix, and Sky Harbor. Major freeways, dining, and shopping are also nearby.
Key Highlights
- 960‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Private patio, high ceilings, and in‑unit laundry
- Covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,071
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,420
$201.4K
Cap Rate 7%
$143,871
$143.9K
Cap Rate 9%
$111,900
$111.9K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$19.6K $20.40/SF
− Vacancy
−$1.3K −$1.33/SF
EGI
$18.3K $19.07/SF
− OpEx
−$8.2K −$8.58/SF
NOI
$10.1K $10.49/SF
Area
ZIP 85008
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,420
Cap Rate 7%
$143,871
Cap Rate 9%
$111,900
Alternative Uses
Best Use
Apartment 5plus
$143.9K
$125.9K – $167.9K
NOI $10,071 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.7K
$259.6K – $346.1K
NOI $20,768 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 85008, AZ
59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath condo includes covered parking and access to a community pool, spa, and barbecue area.
Where is this residential income property located?
The property is located at 1832 N 52ND Street 205 Phoenix, AZ.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: 960‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Private patio, high ceilings, and in‑unit laundry; Covered parking
