Ground-Level Residential Income
3825 E CAMELBACK Road 122, Phoenix, AZ 85018
For Sale
$310,000
A two-bedroom condo offers an open living area, covered patio, and access to gated community amenities.
Property Size1,184 SF
Price / SF$261.82
Days on Market46
Property Features for 3825 E CAMELBACK Road 122
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
heated pool
spa
golf simulator room
Building Details
Building Size
Year Built
Listing Agency:
Jason Mitchell Real Estate
Listed By:
Amy Gloyd
(602) 410-8087
Source:
1912realty
Added: Sep 25
Changed: Nov 9
Last Checked: Nov 8 at 5:17PM
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 Jason Mitchell Real Estate
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Investment Insights
Based on property information with market context.
This ground-level condominium contains 1,184 square feet and was built in 1980. Its layout includes two bedrooms in a split-bedroom configuration, two full bathrooms, and an open living area with a designated dining space. The kitchen and both bathrooms have been updated, and a private covered patio extends the living space outdoors. The home is located within the gated Arcadia Residences community in Phoenix.
Community amenities include a heated pool, spa, and golf simulator room.
Community amenities include a heated pool, spa, and golf simulator room.
Key Highlights
- 1,184‑square‑foot ground‑level condominium
- Two bedrooms arranged in a split‑bedroom plan and two full bathrooms
- Updated kitchen and bathrooms; open living area with designated dining space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,810
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,200
$276.2K
Cap Rate 7%
$197,286
$197.3K
Cap Rate 9%
$153,444
$153.4K
Market Conditions
NOI Build-Up for 1,184 SF
Gross rent
$26.7K $22.56/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$25.1K $21.21/SF
− OpEx
−$11.3K −$9.54/SF
NOI
$13.8K $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%
$276,200
Cap Rate 7%
$197,286
Cap Rate 9%
$153,444
Alternative Uses
Best Use
Apartment 5plus
$197.3K
$172.6K – $230.2K
NOI $13,810 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.6K
$313.8K – $418.4K
NOI $25,105 @ 7.0% cap · market cap 8.10%
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
1,276
Businesses Nearby
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Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condo offers an open living area, covered patio, and access to gated community amenities.
Where is this residential income property located?
The property is located at 3825 E CAMELBACK Road 122 Phoenix, AZ.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,184‑square‑foot ground‑level condominium; Two bedrooms arranged in a split‑bedroom plan and two full bathrooms; Updated kitchen and bathrooms; open living area with designated dining space
