Upgraded Residential Income
310 S 4th Street #1201, Phoenix, AZ 85004
For Sale
New
$518,500
A furnished model residence with custom interiors and access to shared recreation and 24-hour front-desk service.
Property Size1,426 SF
Price / SF$363.60
Days on Market5
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
barbecue
community areas
24-hour front desk
Full Bth Master Bdrm
Separate Shwr & Tub
Double Vanity
Breakfast Bar
Granite Counters
Elevator
Building Details
Building Size
Year Built
Stories
Listing Agency:
West USA Realty
(602) 942-4200
Listed By:
Ron Erick Schmidt · License AZ SA671980000
(805) 458-6735
Source:
Azhomeseekers
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 14 at 2:09PM
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 1,426-square-foot condo was built in 2007 and served as the model unit. Interior features include hardwood flooring, a custom kitchen, fitted closets and built-in storage. The deck has a custom entertainment table, and views extend west and south across the city. The washer, dryer, refrigerator, televisions and outdoor furniture are included with the unit.
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.
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.
Key Highlights
- 1,426‑square‑foot model condo with hardwood floors and custom built‑ins
- Custom kitchen, closets and deck entertainment table
- West- and south‑facing city views
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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Property Analytics
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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 - A furnished model residence with custom interiors and access to shared recreation and 24-hour front-desk service.
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 model condo with hardwood floors and custom built‑ins; Custom kitchen, closets and deck entertainment table; West- and south‑facing city views
