Updated Residential Income
For Sale
$300,000
2929 W Yorkshire Dr #1122, Phoenix, AZ 85027
Three-bedroom condominium with refreshed interiors, in-unit laundry, covered patio, and access to multiple community amenities.
Property Size1,215 SF
Price / SF$246.91
Days on Market54
Property Features for 2929 W Yorkshire Dr #1122
General Information
Standard status
Active
Size
1,215 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
fireplace
in-unit laundry
covered patio
assigned covered parking
three pools
multiple heated spas
clubhouse
fitness center
Building Details
Year Built
1999
Listing Agency:
West Usa Realty
(602) 942-4200
Listed By:
Brandon Howe Team
(602) 909-6513
Source:
Howerealtygroup
Added: Aug 25
Changed: Oct 16
Last Checked: Oct 16 at 9:23AM
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 West Usa Realty
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Investment Insights
Based on property information with market context.
This updated condominium provides 1,215 square feet with three bedrooms and two bathrooms. The interior includes an open living and dining arrangement, a fireplace, updated flooring, and a kitchen equipped with white cabinetry, refreshed countertops, stainless-steel appliances, and a breakfast bar. Updated bathrooms, in-unit laundry, and a covered patio add practical functionality, while assigned covered parking is included.
Community amenities include three pools, multiple heated spas, a clubhouse, and a fitness center. Built in 1999, the property is located at 2929 W Yorkshire Dr #1122 in Phoenix, Arizona 85027.
Community amenities include three pools, multiple heated spas, a clubhouse, and a fitness center. Built in 1999, the property is located at 2929 W Yorkshire Dr #1122 in Phoenix, Arizona 85027.
Key Highlights
- 3‑bedroom, 2‑bath condominium with approximately 1,215 square feet
- Updated flooring, bathrooms, kitchen countertops, cabinetry, and stainless‑steel appliances
- Open living and dining area with fireplace and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,171
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,420
$283.4K
Cap Rate 7%
$202,443
$202.4K
Cap Rate 9%
$157,456
$157.5K
Market Conditions
NOI Build-Up for 1,215 SF
Gross rent
$27.4K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$25.8K $21.21/SF
− OpEx
−$11.6K −$9.54/SF
NOI
$14.2K $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%
$283,420
Cap Rate 7%
$202,443
Cap Rate 9%
$157,456
Alternative Uses
Best Use
Apartment 5plus
$202.4K
$177.1K – $236.2K
NOI $14,171 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.0K
$322.0K – $429.4K
NOI $25,762 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,059
Businesses Nearby
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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 - Three-bedroom condominium with refreshed interiors, in-unit laundry, covered patio, and access to multiple community amenities.
Where is this residential income property located?
The property is located at 2929 W Yorkshire Dr #1122 Phoenix, AZ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath condominium with approximately 1,215 square feet; Updated flooring, bathrooms, kitchen countertops, cabinetry, and stainless‑steel appliances; Open living and dining area with fireplace and breakfast bar
