Gated Condominium
For Sale
$205,000
3434 E BASELINE Road #204, Phoenix, AZ 85042
Updated interiors, two private balconies, and access to a community pool, spa, fitness center, and covered parking.
Property Size858 SF
Price / SF$238.93
Days on Market35
Property Features for 3434 E BASELINE Road #204
General Information
Standard status
Active
Size
858 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
South Mountain
Highway Access
Yes
Additional Details
Multifamily Units
1
Amenities
gated community
pool
spa
fitness center
BBQ grill areas
private balconies
in-unit washer/dryer
Building Details
Year Built
1999
Listing Agency:
Panoramic Management & Realty Co
(480) 251-0647
Listed By:
Brian Harrigan · License #SA646143000
(602) 515-1934
Source:
Kathrynthomas
Added: Sep 25
Changed: Oct 29
Last Checked: Oct 28 at 12:13PM
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 Panoramic Management & Realty Co
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 second-floor condominium has 858 square feet, with two bedrooms and two bathrooms. The interior includes an open living and dining arrangement, a kitchen with a dishwasher, disposal, range, and refrigerator, plus a full-size washer and dryer. Recent work includes fresh paint, new carpeting, and updated bathroom finishes. Two balconies, a walk-in closet in the primary bedroom, and an attached bathroom complete the unit.
The residence is within a gated community with a heated pool, spa, fitness center, barbecue areas, and assigned covered parking. Raven Golf Course is directly adjacent, and views near the South Mountain Phoenix Preserve are noted. Major freeway access is nearby, along with shopping, dining, and hiking and biking trails.
The residence is within a gated community with a heated pool, spa, fitness center, barbecue areas, and assigned covered parking. Raven Golf Course is directly adjacent, and views near the South Mountain Phoenix Preserve are noted. Major freeway access is nearby, along with shopping, dining, and hiking and biking trails.
Key Highlights
- 858‑square‑foot, second‑floor condominium with 2 bedrooms and 2 bathrooms
- Two private balconies and a walk‑in primary closet
- Fresh paint, new carpeting, and updated bathroom finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,007
Cap Rate
4.88%
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 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.9K
$227.4K – $303.2K
NOI $18,193 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 85042, AZ
45,433
Population
16,139
Households
2.8
Avg Household Size
35
Median Age
32%
College-Educated
82%
High-School Grad
19.4 sq mi
ZIP Area
2,342
Density / Sq Mi
$86,837
Median Household Income
$46,897
Median Earnings
$1,495
Median Rent
$353,400
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 - Updated interiors, two private balconies, and access to a community pool, spa, fitness center, and covered parking.
Where is this residential income property located?
The property is located at 3434 E BASELINE Road #204 Phoenix, AZ.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 858‑square‑foot, second‑floor condominium with 2 bedrooms and 2 bathrooms; Two private balconies and a walk‑in primary closet; Fresh paint, new carpeting, and updated bathroom finishes
