Two-Bedroom
New
For Sale
$162,000
3434 W Danbury Dr #A115, Phoenix, AZ 85053
A split-bedroom layout pairs with a covered patio in a gated Phoenix community.
Property Size1,077 SF
Price / SF$150.42
Days on Market4
Property Features for 3434 W Danbury Dr #A115
General Information
Standard status
Active
Size
1,077 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
community pool
clubhouse
Building Details
Year Built
1981
Listing Agency:
Jm Realty
(480) 785-5612
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 8:21AM
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 Jm Realty
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Investment Insights
Based on property information with market context.
This 1,077-square-foot condominium was built in 1981 and has two bedrooms and two bathrooms. Its open living area includes crown molding and built-in shelving. The kitchen has stainless steel appliances and generous counter space, while the split-bedroom arrangement separates the sleeping areas. Both bathrooms have been updated, including one with a walk-in shower.
The home includes a private covered patio. Residents also have access to two community pools and a clubhouse within the gated Phoenix community.
The home includes a private covered patio. Residents also have access to two community pools and a clubhouse within the gated Phoenix community.
Key Highlights
- 1,077‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Split‑bedroom floor plan with an open living area
- Updated bathrooms, including one with a walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,562
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,240
$251.2K
Cap Rate 7%
$179,457
$179.5K
Cap Rate 9%
$139,578
$139.6K
Market Conditions
NOI Build-Up for 1,077 SF
Gross rent
$24.3K $22.56/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$22.8K $21.21/SF
− OpEx
−$10.3K −$9.54/SF
NOI
$12.6K $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%
$251,240
Cap Rate 7%
$179,457
Cap Rate 9%
$139,578
Alternative Uses
Best Use
Apartment 5plus
$179.5K
$157.0K – $209.4K
NOI $12,562 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.2K
$285.5K – $380.6K
NOI $22,836 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,294
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
Frequently Asked Questions
What type of property is this?
Residential income property - A split-bedroom layout pairs with a covered patio in a gated Phoenix community.
Where is this residential income property located?
The property is located at 3434 W Danbury Dr #A115 Phoenix, AZ.
What is the asking price?
The asking price for this property is $162,000.
What are key features of this property?
This property features: 1,077‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Split‑bedroom floor plan with an open living area; Updated bathrooms, including one with a walk‑in shower
