Residential Income Property with
310 S 4TH Street 1201, Phoenix, AZ 85004
For Sale
$518,500
Custom interior finishes and a private deck complement access to shared recreation and nearby dining and entertainment.
Property Size1,426 SF
Price / SF$363.60
Days on Market31
Property Features for 310 S 4TH Street 1201
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Furnished
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Heated pool
Spa
Gym
BBQ
Community areas
24 hr. front desk
Building Details
Building Size
Year Built
Listing Agency:
West USA Realty
Listed By:
Ron Erick Schmidt · License AZ SA671980000
(805) 458-6735
Source:
Snowrealtyaz
Added: Oct 10
Changed: Nov 8
Last Checked: Nov 8 at 4:58PM
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.
Built in 2007, this 1,426-square-foot condominium was used as a model unit. Interior features include hardwood flooring, a custom kitchen, fitted closets and built-in cabinetry. The deck has a custom entertainment table. The sale includes a washer, dryer, refrigerator, televisions and outdoor furniture.
Building amenities include a heated pool and spa, gym, barbecue area, community spaces and a 24-hour front desk. Restaurants, theaters and sporting venues are within walking distance in Phoenix.
Building amenities include a heated pool and spa, gym, barbecue area, community spaces and a 24-hour front desk. Restaurants, theaters and sporting venues are within walking distance in Phoenix.
Key Highlights
- 1,426‑square‑foot condominium built in 2007
- Hardwood floors, custom kitchen, closets and built‑in cabinetry
- Deck features a custom entertainment table
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,632
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,640
$332.6K
Cap Rate 7%
$237,600
$237.6K
Cap Rate 9%
$184,800
$184.8K
Market Conditions
NOI Build-Up for 1,426 SF
Gross rent
$32.2K $22.56/SF
− Vacancy
−$1.9K −$1.35/SF
EGI
$30.2K $21.21/SF
− OpEx
−$13.6K −$9.54/SF
NOI
$16.6K $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%
$332,640
Cap Rate 7%
$237,600
Cap Rate 9%
$184,800
Alternative Uses
Best Use
Apartment 5plus
$237.6K
$207.9K – $277.2K
NOI $16,632 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$431.9K
$378.0K – $503.9K
NOI $30,236 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,657
Businesses Nearby
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Business Placement
Demographics for 85004, AZ
8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
Median Home Value
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Market
Properties on Market for Residential income properties in Phoenix
Frequently Asked Questions
What type of property is this?
Residential income property - Custom interior finishes and a private deck complement access to shared recreation and nearby dining and entertainment.
Where is this residential income property located?
The property is located at 310 S 4TH Street 1201 Phoenix, AZ.
What is the asking price?
The asking price for this property is $518,500.
What are key features of this property?
This property features: 1,426‑square‑foot condominium built in 2007; Hardwood floors, custom kitchen, closets and built‑in cabinetry; Deck features a custom entertainment table
