Updated Residential Income
For Sale
$388,993
3235 E CAMELBACK Road 211, Phoenix, AZ 85018
Condominium unit in a gated community with a refreshed kitchen, fireplace, balcony storage, and shared pool and spa.
Property Size1,149 SF
Days on Market181
Property Features for 3235 E CAMELBACK Road 211
General Information
Standard status
Active
Size
1,149 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,410
Amenities
gated community
granite countertops
stainless steel appliances
fireplace
balcony with storage closet
pool
spa
Building Details
Building Size
1,149 SF
Year Built
1989
Listing Agency:
eXp Realty
Listed By:
Garett W Chatham
(480) 656-1641
Source:
Jcluxuryresidential
Added: Apr 9
Changed: Oct 4
Last Checked: Oct 5 at 10:42PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This residential income condominium is located at 3235 E CAMELBACK Road 211 in Phoenix. Built in 1989, the unit includes fresh interior paint, granite kitchen countertops, and stainless steel appliances. The living area features a fireplace, while the balcony adds outdoor space and a dedicated storage closet.
The property is part of a secure, gated community with access to a shared pool and spa. Its position in the Biltmore-Arcadia corridor places the residence near dining, shopping, and cultural destinations. The combination of interior updates, private balcony storage, and community amenities creates a practical condominium offering within an established Phoenix setting.
The property is part of a secure, gated community with access to a shared pool and spa. Its position in the Biltmore-Arcadia corridor places the residence near dining, shopping, and cultural destinations. The combination of interior updates, private balcony storage, and community amenities creates a practical condominium offering within an established Phoenix setting.
Key Highlights
- Residential income condominium at 3235 E CAMELBACK Road 211, Phoenix, AZ 85018
- Built in 1989
- Kitchen updated with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,401
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,020
$268.0K
Cap Rate 7%
$191,443
$191.4K
Cap Rate 9%
$148,900
$148.9K
Market Conditions
NOI Build-Up for 1,149 SF
Gross rent
$25.9K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$24.4K $21.21/SF
− OpEx
−$11.0K −$9.54/SF
NOI
$13.4K $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%
$268,020
Cap Rate 7%
$191,443
Cap Rate 9%
$148,900
Alternative Uses
Best Use
Apartment 5plus
$191.4K
$167.5K – $223.4K
NOI $13,401 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.0K
$304.5K – $406.1K
NOI $24,363 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,863
Businesses Nearby
Explore this area
Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium unit in a gated community with a refreshed kitchen, fireplace, balcony storage, and shared pool and spa.
Where is this residential income property located?
The property is located at 3235 E CAMELBACK Road 211 Phoenix, AZ.
What is the asking price?
The asking price for this property is $388,993.
What are key features of this property?
This property features: Residential income condominium at 3235 E CAMELBACK Road 211, Phoenix, AZ 85018; Built in 1989; Kitchen updated with granite countertops and stainless steel appliances
