Residential Income
For Sale
$139,900
3270 S GOLDFIELD Road #514, Apache Junction, AZ 85119
Recent mechanical and bathroom updates include a new HVAC system and an updated walk-in shower.
Property Size756 SF
Price / SF$185.05
Days on Market25
Property Features for 3270 S GOLDFIELD Road #514
General Information
Standard status
Active
Size
756 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Building Details
Year Built
1984
Listing Agency:
Keller Williams Realty Phoenix
(602) 635-1953
Listed By:
Katherine Bond · License #SA682781000
(602) 366-9995
Source:
Kathrynthomas
Added: Oct 7
Changed: Oct 29
Last Checked: Oct 29 at 1:55PM
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 Keller Williams Realty Phoenix
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Investment Insights
Based on property information with market context.
This Desert Sun condo in Apache Junction was built in 1984. Its updates include a new HVAC system, a 38-gallon water heater, a water softener, and a walk-in shower. The kitchen includes a stainless steel French door refrigerator.
Key Highlights
- New HVAC system
- 38‑gallon water heater
- Updated walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,948
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,960
$119.0K
Cap Rate 7%
$84,971
$85.0K
Cap Rate 9%
$66,089
$66.1K
Market Conditions
NOI Build-Up for 756 SF
Gross rent
$12.2K $16.20/SF
− Vacancy
−$1.4K −$1.90/SF
EGI
$10.8K $14.30/SF
− OpEx
−$4.9K −$6.44/SF
NOI
$5.9K $7.87/SF
Area
Pinal County, AZ
Vacancy
11.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,960
Cap Rate 7%
$84,971
Cap Rate 9%
$66,089
Alternative Uses
Best Use
Apartment 5plus
$85.0K
$74.4K – $99.1K
NOI $5,948 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$209.0K
$182.9K – $243.8K
NOI $14,630 @ 7.0% cap · market cap 10.46%
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
46
Businesses Nearby
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Business Placement
Demographics for 85119, AZ
22,069
Population
13,462
Households
1.6
Avg Household Size
56
Median Age
23%
College-Educated
92%
High-School Grad
45.8 sq mi
ZIP Area
482
Density / Sq Mi
$69,949
Median Household Income
$44,223
Median Earnings
$1,365
Median Rent
$259,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Recent mechanical and bathroom updates include a new HVAC system and an updated walk-in shower.
Where is this residential income property located?
The property is located at 3270 S GOLDFIELD Road #514 Apache Junction, AZ.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: New HVAC system; 38‑gallon water heater; Updated walk‑in shower
