Move-In Ready Condo
For Sale
$240,000
18416 N Cave Creek Road #3057, Phoenix, AZ 85032
Top-floor condo offers two bedrooms and two bathrooms with recent updates and included major appliances.
Property Size948 SF
Price / SF$253.16
Days on Market11
Property Features for 18416 N Cave Creek Road #3057
General Information
Standard status
Active
Size
948 SF
Property subtype
Apartment
Amenities
fitness center
pool
spa
Building Details
Year Built
2005
Stories
3
Listing Agency:
W and Partners, LLC
(602) 705-5443
Listed By:
Desarae Puchta
(602) 705-5443
Source:
Aznewhorizonrealty
Added: Jul 23
Changed: Jul 24
Last Checked: Aug 1 at 1:16PM
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 W and Partners, LLC
Investment Insights
Based on property information with market context.
This well-maintained two-bedroom, two-bath condominium is located on the top floor of a quiet three-story building, with no neighbors above. The interior is move-in ready with fresh paint, new ceiling fans throughout, and updated kitchen appliances including a new stove, microwave, and garbage disposal. The air conditioning system was replaced three years ago, and the unit also includes a full-size washer and dryer for everyday convenience.
Residents have access to community amenities, including a fully equipped fitness center overlooking the pool and spa. The property is offered for sale at 18416 N Cave Creek Road #3057 in Phoenix, Arizona 85032.
Residents have access to community amenities, including a fully equipped fitness center overlooking the pool and spa. The property is offered for sale at 18416 N Cave Creek Road #3057 in Phoenix, Arizona 85032.
Key Highlights
- Top‑floor 2‑bedroom, 2‑bath condo in a quiet three‑story building with no neighbors above
- Year built 2005
- Move‑in ready with fresh interior paint and new ceiling fans throughout
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 | $18.8k | $19.80 |
| − Vacancy | −$1.3k | −$1.35 |
| EGI | $17.5k | $18.45 |
| − OpEx | −$7.9k | −$8.30 |
| NOI | $9.6k | $10.15 |
948 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$137.5K
$120.3K – $160.4K
NOI $9,622 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.6K
$250.7K – $334.3K
NOI $20,059 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
Market
Properties on Market for Residential income properties in Phoenix
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condo offers two bedrooms and two bathrooms with recent updates and included major appliances.
Where is this residential income property located?
The property is located at 18416 N Cave Creek Road #3057 Phoenix, AZ.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Top‑floor 2‑bedroom, 2‑bath condo in a quiet three‑story building with no neighbors above; Year built 2005; Move‑in ready with fresh interior paint and new ceiling fans throughout
