Updated Residential Income
For Sale
$364,900
2721 S DECATUR Drive 101, Gilbert, AZ 85295
Two-bedroom townhome with designer finishes, a side-by-side garage, and access to gated community amenities.
Property Size1,096 SF
Days on Market75
Property Features for 2721 S DECATUR Drive 101
General Information
Standard status
Active
Size
1,096 SF
Total Parking Spaces
2
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,272
Amenities
pool
spa
walking paths
lake
gated community
Building Details
Building Size
1,096 SF
Year Built
2019
Listing Agency:
Long Realty Old Town
Listed By:
Tracey Wilsey
(480) 510-2181
Source:
Gillettegroupaz
Added: Jul 24
Changed: Sep 25
Last Checked: Oct 5 at 11:59PM
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 Long Realty Old Town
Investment Insights
Based on property information with market context.
This updated two-bedroom, two-bath townhome at 2721 S DECATUR Drive 101 features an open kitchen with white shaker cabinetry and a peninsula breakfast bar. Designer chandeliers with retractable ceiling fans add both visual character and functionality, while the primary suite includes a custom designer accent wall. The property also offers a side-by-side two-car garage for parking and storage.
Located in the gated Lakes of Annecy community, the home includes access to three community pools and spas, scenic walking paths around the lake, and landscaped grounds. SanTan Village is described as a short stroll away, with shopping, dining, and entertainment nearby. Built in 2019, the property is presented as a lock-and-leave townhome with a two-bedroom, two-bath configuration.
Located in the gated Lakes of Annecy community, the home includes access to three community pools and spas, scenic walking paths around the lake, and landscaped grounds. SanTan Village is described as a short stroll away, with shopping, dining, and entertainment nearby. Built in 2019, the property is presented as a lock-and-leave townhome with a two-bedroom, two-bath configuration.
Key Highlights
- Two‑bedroom, two‑bath townhome built in 2019
- Updated kitchen with white shaker cabinetry and peninsula breakfast bar
- Side‑by‑side two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,121
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,420
$262.4K
Cap Rate 7%
$187,443
$187.4K
Cap Rate 9%
$145,789
$145.8K
Market Conditions
NOI Build-Up for 1,096 SF
Gross rent
$25.5K $23.28/SF
− Vacancy
−$1.7K −$1.51/SF
EGI
$23.9K $21.77/SF
− OpEx
−$10.7K −$9.80/SF
NOI
$13.1K $11.97/SF
Area
Gilbert, AZ
Vacancy
6.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,420
Cap Rate 7%
$187,443
Cap Rate 9%
$145,789
Alternative Uses
Best Use
Apartment 5plus
$187.4K
$164.0K – $218.7K
NOI $13,121 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.8K
$251.8K – $335.7K
NOI $20,143 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,887
Businesses Nearby
Explore this area
Business Placement
Demographics for 85295, AZ
51,587
Population
19,460
Households
2.7
Avg Household Size
33
Median Age
49%
College-Educated
97%
High-School Grad
12.1 sq mi
ZIP Area
4,263
Density / Sq Mi
$116,288
Median Household Income
$58,737
Median Earnings
$1,965
Median Rent
$527,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom townhome with designer finishes, a side-by-side garage, and access to gated community amenities.
Where is this residential income property located?
The property is located at 2721 S DECATUR Drive 101 Gilbert, AZ.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath townhome built in 2019; Updated kitchen with white shaker cabinetry and peninsula breakfast bar; Side‑by‑side two‑car garage
