Residential Income Property with
For Sale
$225,000
2929 W Yorkshire Dr #1120, Phoenix, AZ 85027
Bottom-floor two-bedroom, two-bathroom condo with tile flooring, included appliances, a fireplace, and private outdoor storage.
Property Size872 SF
Price / SF$258.03
Days on Market51
Property Features for 2929 W Yorkshire Dr #1120
General Information
Standard status
Active
Size
872 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Deer Valley
Highway Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
gated community
pool
spa
clubhouse
fireplace
ceiling fans
private patio
storage unit
refrigerator included
washer and dryer included
Building Details
Year Built
1999
Listing Agency:
Real Broker
(602) 755-3415
Listed By:
Tucker and Oleg
(602) 688-2836
Source:
Kennethjamesrealty
Added: Sep 13
Changed: Nov 1
Last Checked: Nov 1 at 6:00AM
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 Real Broker
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Investment Insights
Based on property information with market context.
This bottom-floor condominium offers a two-bedroom, two-bathroom layout with 872 of property size and a 1999 construction date. The interior features tile flooring throughout, a living room fireplace, ceiling fans, and a newer A/C unit. The kitchen includes electric appliances and a refrigerator, while the washer and dryer are also included. A private patio extends the usable space and includes an additional storage unit.
The home is located within a gated condominium community with several pools, spas, and clubhouse amenities. Its address at 2929 W Yorkshire Dr #1120 places the property near the I17 and 101 freeways. Ground-level positioning provides access without stairs.
The home is located within a gated condominium community with several pools, spas, and clubhouse amenities. Its address at 2929 W Yorkshire Dr #1120 places the property near the I17 and 101 freeways. Ground-level positioning provides access without stairs.
Key Highlights
- Bottom‑floor 2‑bedroom, 2‑bathroom condo
- 872 property size; built in 1999
- Tile flooring throughout with living room fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,171
Cap Rate
4.52%
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 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.1K
$231.1K – $308.2K
NOI $18,490 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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 - Bottom-floor two-bedroom, two-bathroom condo with tile flooring, included appliances, a fireplace, and private outdoor storage.
Where is this residential income property located?
The property is located at 2929 W Yorkshire Dr #1120 Phoenix, AZ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Bottom‑floor 2‑bedroom, 2‑bathroom condo; 872 property size; built in 1999; Tile flooring throughout with living room fireplace
