Remodeled Residential Income
3131 W cochise Drive 122, Phoenix, AZ 85051
For Sale
$152,900
The property was remodeled several years ago and is presented in move-in-ready condition.
Property Size858 SF
Days on Market61
Property Features for 3131 W cochise Drive 122
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Realty ONE Group
Listed By:
Marco Da Silva
(602) 690-5185
Source:
Alexiabertsatos
Added: Sep 10
Changed: Oct 31
Last Checked: Nov 8 at 3:57PM
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 Realty ONE Group
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Investment Insights
Based on property information with market context.
This residential income property at 3131 W Cochise Drive 122 in Phoenix, Arizona, was built in 1983 and remodeled several years ago. The property is presented as move-in ready and is located near restaurants.
Key Highlights
- Remodeled several years ago
- Built in 1983
- Located at 3131 W Cochise Drive 122 in Phoenix, AZ
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,007
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,140
$200.1K
Cap Rate 7%
$142,957
$143.0K
Cap Rate 9%
$111,189
$111.2K
Market Conditions
NOI Build-Up for 858 SF
Gross rent
$19.4K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$18.2K $21.21/SF
− OpEx
−$8.2K −$9.54/SF
NOI
$10.0K $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%
$200,140
Cap Rate 7%
$142,957
Cap Rate 9%
$111,189
Alternative Uses
Best Use
Apartment 5plus
$143.0K
$125.1K – $166.8K
NOI $10,007 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.9K
$227.4K – $303.2K
NOI $18,193 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,655
Businesses Nearby
Explore this area
Business Placement
Demographics for 85051, AZ
46,123
Population
16,818
Households
2.7
Avg Household Size
34
Median Age
20%
College-Educated
81%
High-School Grad
6.4 sq mi
ZIP Area
7,207
Density / Sq Mi
$63,665
Median Household Income
$38,980
Median Earnings
$1,256
Median Rent
$288,300
Median Home Value
Market
Properties on Market for Residential income properties in Phoenix
Frequently Asked Questions
What type of property is this?
Residential income property - The property was remodeled several years ago and is presented in move-in-ready condition.
Where is this residential income property located?
The property is located at 3131 W cochise Drive 122 Phoenix, AZ.
What is the asking price?
The asking price for this property is $152,900.
What are key features of this property?
This property features: Remodeled several years ago; Built in 1983; Located at 3131 W Cochise Drive 122 in Phoenix, AZ
