Two-Bedroom Residential Income
For Sale
$175,000
2929 W YORKSHIRE Drive 2022, Phoenix, AZ 85027
The residence is occupied under a month-to-month arrangement following the end of its lease term.
Property Size872 SF
Price / SF$200.69
Days on Market36
Property Features for 2929 W YORKSHIRE Drive 2022
General Information
Standard status
Active
Size
872 SF
Property subtype
Apartment
Site & Location
Neighborhood
Deer Valley
Additional Details
Multifamily Units
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$781
Building Details
Building Size
872 SF
Year Built
1999
Listing Agency:
Keller Williams Arizona Living Realty
Listed By:
The Modern Desert Group · License #SA630303000
(719) 650-4959
Source:
Themoderndesertgroup
Added: Sep 28
Changed: Nov 2
Last Checked: Nov 1 at 1:48AM
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 Keller Williams Arizona Living Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 872-square-foot residence is on the second level and includes two bedrooms and two bathrooms. Built in 1999, it is currently occupied by a tenant whose lease has ended; the tenancy continues month to month.
The property is located in Phoenix, Arizona.
The property is located in Phoenix, Arizona.
Key Highlights
- 872 square feet of living area
- Two bedrooms and two bathrooms
- Positioned on the second level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,171
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,420
$203.4K
Cap Rate 7%
$145,300
$145.3K
Cap Rate 9%
$113,011
$113.0K
Market Conditions
NOI Build-Up for 872 SF
Gross rent
$19.7K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$18.5K $21.21/SF
− OpEx
−$8.3K −$9.54/SF
NOI
$10.2K $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%
$203,420
Cap Rate 7%
$145,300
Cap Rate 9%
$113,011
Alternative Uses
Best Use
Apartment 5plus
$145.3K
$127.1K – $169.5K
NOI $10,171 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.1K
$231.1K – $308.2K
NOI $18,490 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,059
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence is occupied under a month-to-month arrangement following the end of its lease term.
Where is this residential income property located?
The property is located at 2929 W YORKSHIRE Drive 2022 Phoenix, AZ.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 872 square feet of living area; Two bedrooms and two bathrooms; Positioned on the second level
