Furnished Residential Income
For Sale
$240,000
19619 N STAR RIDGE Drive, Sun City West, AZ 85375
Expanded interior includes additional sleeping space within an office and a kitchen skylight.
Property Size1,114 SF
Price / SF$215.44
Days on Market18
Property Features for 19619 N STAR RIDGE Drive
General Information
Standard status
Active
Size
1,114 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Amenities
skylight in kitchen
garage storage cabinets
Building Details
Year Built
1978
Listing Agency:
PRO-formance Realty Concepts
(602) 938-8668
Listed By:
Steven Conner · License #SA586542000
(623) 256-1981
Source:
Kathrynthomas
Added: Oct 16
Changed: Nov 1
Last Checked: Nov 1 at 2:18AM
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 PRO-formance Realty Concepts
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Investment Insights
Based on property information with market context.
This furnished residential income property was built in 1978 and measures 1,114 square feet. The interior has been expanded to add sleeping space within an office, and a skylight brings natural light into the kitchen. The garage includes attached storage cabinets.
The property is within walking distance of a golf course and close to shopping. Furnishings are included; the living room’s large-screen television is excluded.
The property is within walking distance of a golf course and close to shopping. Furnishings are included; the living room’s large-screen television is excluded.
Key Highlights
- 1,114‑square‑foot property built in 1978
- Furnished interior with added sleeping space in the office
- Kitchen skylight and garage storage cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,573
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,460
$251.5K
Cap Rate 7%
$179,614
$179.6K
Cap Rate 9%
$139,700
$139.7K
Market Conditions
NOI Build-Up for 1,114 SF
Gross rent
$24.1K $21.60/SF
− Vacancy
−$1.2K −$1.08/SF
EGI
$22.9K $20.52/SF
− OpEx
−$10.3K −$9.23/SF
NOI
$12.6K $11.29/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,460
Cap Rate 7%
$179,614
Cap Rate 9%
$139,700
Alternative Uses
Best Use
Apartment 5plus
$179.6K
$157.2K – $209.6K
NOI $12,573 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.6K
$301.5K – $402.0K
NOI $24,121 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
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Business Placement
Demographics for 85375, AZ
27,944
Population
19,340
Households
1.4
Avg Household Size
75
Median Age
35%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
2,254
Density / Sq Mi
$63,977
Median Household Income
$30,838
Median Earnings
$1,658
Median Rent
$350,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Expanded interior includes additional sleeping space within an office and a kitchen skylight.
Where is this residential income property located?
The property is located at 19619 N STAR RIDGE Drive Sun City West, 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: 1,114‑square‑foot property built in 1978; Furnished interior with added sleeping space in the office; Kitchen skylight and garage storage cabinets
