Two-Bedroom Residential Income
For Sale
$195,000
Pending
2929 W YORKSHIRE Drive #1086, Phoenix, AZ 85027
The first-level residence is tenant-occupied, with the current lease scheduled to end December 31, 2026.
Property Size1,019 SF
Days on Market36
Property Features for 2929 W YORKSHIRE Drive #1086
General Information
Standard status
Pending
Size
1,019 SF
Property subtype
Apartment
Site & Location
Neighborhood
Deer Valley
Additional Details
Multifamily Units
1
Tenant in Place
Yes
Amenities
gated community
Building Details
Year Built
1999
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Sep 28
Changed: Nov 1
Last Checked: Nov 1 at 3:39AM
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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
Based on property information with market context.
This 1,019-square-foot residential unit is on the first level and has two bedrooms and two bathrooms. Built in 1999, it is currently occupied by a tenant under a lease ending December 31, 2026.
The unit is within a gated community. The same owner is also offering unit 2022 for sale.
The unit is within a gated community. The same owner is also offering unit 2022 for sale.
Key Highlights
- 1,019‑square‑foot unit with two bedrooms and two bathrooms
- First‑level residence in a gated community
- Tenant‑occupied under a lease ending 12/31/2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,885
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,700
$237.7K
Cap Rate 7%
$169,786
$169.8K
Cap Rate 9%
$132,056
$132.1K
Market Conditions
NOI Build-Up for 1,019 SF
Gross rent
$23.0K $22.56/SF
− Vacancy
−$1.4K −$1.35/SF
EGI
$21.6K $21.21/SF
− OpEx
−$9.7K −$9.54/SF
NOI
$11.9K $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%
$237,700
Cap Rate 7%
$169,786
Cap Rate 9%
$132,056
Alternative Uses
Best Use
Apartment 5plus
$169.8K
$148.6K – $198.1K
NOI $11,885 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.7K
$270.1K – $360.1K
NOI $21,606 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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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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Frequently Asked Questions
What type of property is this?
Residential income property - The first-level residence is tenant-occupied, with the current lease scheduled to end December 31, 2026.
Where is this residential income property located?
The property is located at 2929 W YORKSHIRE Drive #1086 Phoenix, AZ.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,019‑square‑foot unit with two bedrooms and two bathrooms; First‑level residence in a gated community; Tenant‑occupied under a lease ending 12/31/2026
