Residential Income Condo with
New
For Sale
$449,900
4077 S SABRINA Drive 70, Chandler, AZ 85248
A private courtyard, loft and two-car garage complement the condo's three-bedroom layout.
Property Size1,586 SF
Days on Market5
Property Features for 4077 S SABRINA Drive 70
General Information
Standard status
Active
Size
1,586 SF
Total Parking Spaces
2
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,767
Amenities
private courtyard
heated pool & spa
walking paths
BBQ Ramada
gated lake community
Building Details
Building Size
1,586 SF
Year Built
2021
Listing Agency:
MacLay Real Estate
Listed By:
Jennifer MacLay · License #SA554801000
(480) 980-0958
Source:
Gillettegroupaz
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 2:24AM
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 MacLay Real Estate
Investment Insights
Based on property information with market context.
Built in 2021, this three-bedroom, 2.5-bath condo includes an open-plan interior, a loft, a private courtyard and a two-car garage with driveway. Interior details include upgraded tile, quartz kitchen countertops, Energy Star stainless steel appliances, custom paint and contrasting black banisters and front door. The primary suite provides a separate bedroom retreat.
Residents have access to a heated pool and spa, walking paths, and a barbecue ramada within the gated lake community. The property is in Ocotillo, with freeway access noted.
Residents have access to a heated pool and spa, walking paths, and a barbecue ramada within the gated lake community. The property is in Ocotillo, with freeway access noted.
Key Highlights
- Three bedrooms and 2.5 bathrooms
- Built in 2021
- Private courtyard, loft, driveway and two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,102
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,040
$362.0K
Cap Rate 7%
$258,600
$258.6K
Cap Rate 9%
$201,133
$201.1K
Market Conditions
NOI Build-Up for 1,586 SF
Gross rent
$34.8K $21.96/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$32.9K $20.75/SF
− OpEx
−$14.8K −$9.34/SF
NOI
$18.1K $11.41/SF
Area
Chandler, AZ
Vacancy
5.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,040
Cap Rate 7%
$258,600
Cap Rate 9%
$201,133
Alternative Uses
Best Use
Apartment 5plus
$258.6K
$226.3K – $301.7K
NOI $18,102 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.6K
$397.8K – $530.4K
NOI $31,822 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 85248, AZ
38,567
Population
20,013
Households
1.9
Avg Household Size
57
Median Age
52%
College-Educated
97%
High-School Grad
30.6 sq mi
ZIP Area
1,260
Density / Sq Mi
$94,220
Median Household Income
$71,405
Median Earnings
$1,822
Median Rent
$489,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private courtyard, loft and two-car garage complement the condo's three-bedroom layout.
Where is this residential income property located?
The property is located at 4077 S SABRINA Drive 70 Chandler, AZ.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three bedrooms and 2.5 bathrooms; Built in 2021; Private courtyard, loft, driveway and two‑car garage
