Two-Bedroom Residential Income
For Sale
$175,000
2929 W YORKSHIRE Drive #2022, Phoenix, AZ 85027
Second-level residence has two bathrooms and is occupied by a month-to-month tenant.
Property Size872 SF
Price / SF$200.69
Days on Market32
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
Tenant in Place
Yes
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: Oct 28
Last Checked: Oct 28 at 3:51PM
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 second-level residential unit contains 872 square feet, with two bedrooms and two bathrooms. Built in 1999, the property is tenant occupied under a month-to-month arrangement following expiration of the lease.
A second unit, identified as 1086, is also offered for sale by the same owner.
A second unit, identified as 1086, is also offered for sale by the same owner.
Key Highlights
- 872‑square‑foot unit on the second level
- Two bedrooms and two bathrooms
- Tenant occupied on a month‑to‑month basis; lease term has expired
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?
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Open Analytics
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 - Second-level residence has two bathrooms and is occupied by a month-to-month tenant.
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‑foot unit on the second level; Two bedrooms and two bathrooms; Tenant occupied on a month‑to‑month basis; lease term has expired
