Two-Bedroom Residential Income
New
For Sale
$238,000
20236 N 6th Drive #3, Phoenix, AZ 85027
The unit includes two bathrooms, a covered patio, and an attached storage shed.
Property Size863 SF
Price / SF$275.78
Days on Market4
Property Features for 20236 N 6th Drive #3
General Information
Standard status
Active
Size
863 SF
Property subtype
Apartment
Site & Location
Neighborhood
Deer Valley
Highway Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$450
Amenities
covered patio
lush green spaces
refreshing pool
attached shed
3/4 Bath Master Bdrm
2 Master Baths
Eat-in Kitchen
Laminate Counters
High Speed Internet
No Interior Steps
Storage
Building Details
Building Size
863 SF
Year Built
1982
Stories
1
Listed By:
Jeff & Debbie
(480) 200-5305
Source:
Azhomeseekers
Added: Oct 22
Last Checked: Oct 23 at 9:33PM
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 Jeff & Debbie
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Investment Insights
Based on property information with market context.
This 863-square-foot residential income unit, built in 1982, has two bedrooms and two bathrooms. Tile flooring and window blinds are present in the living room, while the eat-in kitchen has built-in appliances, cabinetry, and a mosaic tile backsplash. The main bedroom includes a private bathroom and walk-in closet; the second bedroom also has an attached bathroom. A covered patio and attached shed add outdoor space and storage. A couch may convey with the property.
Community features include green space and a pool, with freeway access nearby.
Community features include green space and a pool, with freeway access nearby.
Key Highlights
- Two bedrooms and two bathrooms
- 863 square feet; built in 1982
- Eat‑in kitchen with built‑in appliances and mosaic tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,066
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,320
$201.3K
Cap Rate 7%
$143,800
$143.8K
Cap Rate 9%
$111,844
$111.8K
Market Conditions
NOI Build-Up for 863 SF
Gross rent
$19.5K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$18.3K $21.21/SF
− OpEx
−$8.2K −$9.54/SF
NOI
$10.1K $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%
$201,320
Cap Rate 7%
$143,800
Cap Rate 9%
$111,844
Alternative Uses
Best Use
Apartment 5plus
$143.8K
$125.8K – $167.8K
NOI $10,066 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.4K
$228.7K – $305.0K
NOI $18,299 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 85027, AZ
38,343
Population
17,458
Households
2.2
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,277
Density / Sq Mi
$73,255
Median Household Income
$46,338
Median Earnings
$1,488
Median Rent
$316,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes two bathrooms, a covered patio, and an attached storage shed.
Where is this residential income property located?
The property is located at 20236 N 6th Drive #3 Phoenix, AZ.
What is the asking price?
The asking price for this property is $238,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; 863 square feet; built in 1982; Eat‑in kitchen with built‑in appliances and mosaic tile backsplash
