Ground-Level Income
For Sale
$159,000
Pending
3645 N 69TH Avenue 15, Phoenix, AZ 85033
Single-story residential property with vaulted ceilings, all-tile flooring, and a private patio courtyard.
Property Size700 SF
Days on Market63
Property Features for 3645 N 69TH Avenue 15
General Information
Standard status
Pending
Size
700 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$346
Amenities
private patio courtyard
Building Details
Building Size
700 SF
Year Built
1982
Listing Agency:
Century 21 Northwest
Listed By:
Devin Fallen
(540) 793-0125
Source:
Alexiabertsatos
Added: Aug 6
Changed: Sep 26
Last Checked: Oct 5 at 11:12PM
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 Century 21 Northwest
Investment Insights
Based on property information with market context.
This ground-level townhouse is configured with 2 bedrooms and 1 bathroom in a single-story layout. The interior includes vaulted ceilings, tile flooring throughout, a living room connected to the kitchen, and access to a private patio courtyard. Nearby parking and proximity to common areas add practical convenience for occupants.
Built in 1982, the property is positioned near I-10, Loop 101, Grand Canyon University, and Desert Sky Mall. Its residential layout and existing outdoor space provide a straightforward format for an income-oriented ownership strategy.
Built in 1982, the property is positioned near I-10, Loop 101, Grand Canyon University, and Desert Sky Mall. Its residential layout and existing outdoor space provide a straightforward format for an income-oriented ownership strategy.
Key Highlights
- 2‑bedroom, 1‑bathroom ground‑level townhouse
- Single‑story layout with vaulted ceilings
- Tile flooring throughout the residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,560
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,200
$131.2K
Cap Rate 7%
$93,714
$93.7K
Cap Rate 9%
$72,889
$72.9K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$12.9K $18.36/SF
− Vacancy
−$925 −$1.32/SF
EGI
$11.9K $17.04/SF
− OpEx
−$5.4K −$7.67/SF
NOI
$6.6K $9.37/SF
Area
ZIP 85033
Vacancy
7.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,200
Cap Rate 7%
$93,714
Cap Rate 9%
$72,889
Alternative Uses
Best Use
Apartment 5plus
$93.7K
$82.0K – $109.3K
NOI $6,560 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$200.6K
$175.5K – $234.1K
NOI $14,043 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 85033, AZ
57,980
Population
16,691
Households
3.5
Avg Household Size
28
Median Age
7%
College-Educated
65%
High-School Grad
6.1 sq mi
ZIP Area
9,505
Density / Sq Mi
$60,749
Median Household Income
$33,782
Median Earnings
$1,338
Median Rent
$245,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-story residential property with vaulted ceilings, all-tile flooring, and a private patio courtyard.
Where is this residential income property located?
The property is located at 3645 N 69TH Avenue 15 Phoenix, AZ.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bathroom ground‑level townhouse; Single‑story layout with vaulted ceilings; Tile flooring throughout the residence
