One-Bedroom Residential
New
For Sale
$145,000
3131 W Cochise Drive Unit 148, Phoenix, AZ 85051
First-floor, single-level layout with several utility services covered by the HOA fee.
Property Size728 SF
Days on Market5
Property Features for 3131 W Cochise Drive Unit 148
General Information
Standard status
Active
Size
728 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$403
Building Details
Building Size
728 SF
Year Built
1983
Listing Agency:
My Rental Superstore
Listed By:
Helena Gore
(623) 738-6816
Source:
Alexiabertsatos
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 16 at 5:09PM
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 My Rental Superstore
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a first-floor, one-bedroom condominium with 728 square feet of living space. Built in 1983, it offers single-level living and a compact layout described as ready for a personal touch. Air conditioning, heat, water, sewer, and trash are included in the HOA fee.
The condo is located at 3131 W Cochise Dr #Unit 148 in Phoenix, near schools, shopping, and everyday services.
The condo is located at 3131 W Cochise Dr #Unit 148 in Phoenix, near schools, shopping, and everyday services.
Key Highlights
- 728‑square‑foot, one‑bedroom condominium
- First‑floor unit with single‑level layout
- Air conditioning, heat, water, sewer, and trash included in the HOA fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,491
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,820
$169.8K
Cap Rate 7%
$121,300
$121.3K
Cap Rate 9%
$94,344
$94.3K
Market Conditions
NOI Build-Up for 728 SF
Gross rent
$16.4K $22.56/SF
− Vacancy
−$985 −$1.35/SF
EGI
$15.4K $21.21/SF
− OpEx
−$6.9K −$9.54/SF
NOI
$8.5K $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%
$169,820
Cap Rate 7%
$121,300
Cap Rate 9%
$94,344
Alternative Uses
Best Use
Apartment 5plus
$121.3K
$106.1K – $141.5K
NOI $8,491 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$220.5K
$193.0K – $257.3K
NOI $15,436 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - First-floor, single-level layout with several utility services covered by the HOA fee.
Where is this residential income property located?
The property is located at 3131 W Cochise Drive Unit 148 Phoenix, AZ.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 728‑square‑foot, one‑bedroom condominium; First‑floor unit with single‑level layout; Air conditioning, heat, water, sewer, and trash included in the HOA fee
