Gated Residential Income
For Sale
$600,000
21320 N 56TH Street 1113, Phoenix, AZ 85054
2012 residence with a private patio, den, and community recreation amenities.
Property Size1,697 SF
Days on Market313
Property Features for 21320 N 56TH Street 1113
General Information
Standard status
Active
Size
1,697 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$3,426
Amenities
heated pools & spas
fitness centers
private patio
Building Details
Building Size
1,697 SF
Year Built
2012
Listing Agency:
Realty ONE Group
Listed By:
Holly Henbest · License #SA574028000
(480) 266-8785
Source:
Jcluxuryresidential
Added: Nov 29, 2025
Changed: Oct 7
Last Checked: Oct 7 at 6:23PM
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 Realty ONE Group
Investment Insights
Based on property information with market context.
This 2012 residential income property is located within the gated Bella Monte at Desert Ridge community. The home includes granite countertops, stainless steel appliances, and a combination of tile and laminate flooring. A den or office, spacious laundry room, and ample storage add functional interior space, while the private patio extends the living area outdoors.
Community amenities include three heated pools and spas, three fitness centers, and maintained grounds. The property is also positioned near High Street, Desert Ridge Marketplace, and golf facilities, providing access to shopping, dining, recreation, and entertainment destinations.
Community amenities include three heated pools and spas, three fitness centers, and maintained grounds. The property is also positioned near High Street, Desert Ridge Marketplace, and golf facilities, providing access to shopping, dining, recreation, and entertainment destinations.
Key Highlights
- Gated Bella Monte at Desert Ridge community
- Built in 2012 with granite countertops and stainless steel appliances
- Private patio located steps from a community pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,793
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,860
$395.9K
Cap Rate 7%
$282,757
$282.8K
Cap Rate 9%
$219,922
$219.9K
Market Conditions
NOI Build-Up for 1,697 SF
Gross rent
$38.3K $22.56/SF
− Vacancy
−$2.3K −$1.35/SF
EGI
$36.0K $21.21/SF
− OpEx
−$16.2K −$9.54/SF
NOI
$19.8K $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%
$395,860
Cap Rate 7%
$282,757
Cap Rate 9%
$219,922
Alternative Uses
Best Use
Apartment 5plus
$282.8K
$247.4K – $329.9K
NOI $19,793 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.0K
$449.8K – $599.7K
NOI $35,983 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 85054, AZ
8,849
Population
6,271
Households
1.4
Avg Household Size
39
Median Age
61%
College-Educated
98%
High-School Grad
8.6 sq mi
ZIP Area
1,029
Density / Sq Mi
$89,099
Median Household Income
$64,554
Median Earnings
$2,146
Median Rent
$618,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - 2012 residence with a private patio, den, and community recreation amenities.
Where is this residential income property located?
The property is located at 21320 N 56TH Street 1113 Phoenix, AZ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Gated Bella Monte at Desert Ridge community; Built in 2012 with granite countertops and stainless steel appliances; Private patio located steps from a community pool
