1-Bedroom Residential Income
New
For Sale
$149,000
3420 W Danbury Dr #C121, Phoenix, AZ 85053
A gated-community residence offers a covered patio, in-unit laundry, and access to pools and a fitness center.
Property Size725 SF
Price / SF$205.52
Days on Market3
Property Features for 3420 W Danbury Dr #C121
General Information
Standard status
Active
Size
725 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
in-unit washer and dryer
private covered patio
gated community
community pool
fitness center
Building Details
Year Built
1981
Listing Agency:
West Usa Realty
(602) 942-4200
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 8:48AM
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 725-square-foot, one-bedroom, one-bathroom residence has an open-concept great room, fresh paint, and new carpet. The kitchen is fitted with stainless steel appliances, cherry cabinetry, and granite countertops. A walk-in closet and in-unit front-loading washer and dryer add practical features, while a covered private patio provides outdoor space near the water. The property was built in 1981.
The home is within a gated community with two shared pools and a fitness center.
The home is within a gated community with two shared pools and a fitness center.
Key Highlights
- 725‑square‑foot, one‑bedroom, one‑bathroom residence
- Open‑concept great room with fresh paint and new carpet
- Kitchen with stainless steel appliances, cherry cabinetry, and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,456
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,120
$169.1K
Cap Rate 7%
$120,800
$120.8K
Cap Rate 9%
$93,956
$94.0K
Market Conditions
NOI Build-Up for 725 SF
Gross rent
$16.4K $22.56/SF
− Vacancy
−$981 −$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%
$169,120
Cap Rate 7%
$120,800
Cap Rate 9%
$93,956
Alternative Uses
Best Use
Apartment 5plus
$120.8K
$105.7K – $140.9K
NOI $8,456 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.6K
$192.2K – $256.2K
NOI $15,373 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 85053, AZ
30,136
Population
12,003
Households
2.5
Avg Household Size
37
Median Age
26%
College-Educated
89%
High-School Grad
5.2 sq mi
ZIP Area
5,795
Density / Sq Mi
$66,870
Median Household Income
$43,411
Median Earnings
$1,385
Median Rent
$329,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A gated-community residence offers a covered patio, in-unit laundry, and access to pools and a fitness center.
Where is this residential income property located?
The property is located at 3420 W Danbury Dr #C121 Phoenix, AZ.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: 725‑square‑foot, one‑bedroom, one‑bathroom residence; Open‑concept great room with fresh paint and new carpet; Kitchen with stainless steel appliances, cherry cabinetry, and granite countertops
