Top-Floor Residential Income
For Sale
$350,000
4303 E CACTUS Road 419, Phoenix, AZ 85032
Renovated condominium with updated kitchen and bathroom finishes in a landscaped community with extensive shared amenities.
Property Size1,256 SF
Days on Market288
Property Features for 4303 E CACTUS Road 419
General Information
Standard status
Active
Size
1,256 SF
Property subtype
Apartment
Site & Location
Neighborhood
Paradise Valley
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,437
Amenities
pool
spa
activity room
walking path
Building Details
Building Size
1,256 SF
Year Built
1983
Listing Agency:
HomeSmart
Listed By:
Patricia Corbin · License #SA632343000
(602) 538-7226
Source:
Alexiabertsatos
Added: Jan 20
Changed: Oct 31
Last Checked: Nov 1 at 2:38PM
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 HomeSmart
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Investment Insights
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This renovated condominium is located on the top floor of the Anasazi Village Condos, providing a private setting without an upstairs neighbor. Interior improvements include a designer kitchen and bathroom with modern finishes and additional updates throughout. The property was built in 1983.
Community amenities include 5 swimming pools, 5 spas, multiple activity rooms, and walking paths through the landscaped grounds. The condominium is located at 4303 E Cactus Road 410 in Phoenix, Arizona.
Community amenities include 5 swimming pools, 5 spas, multiple activity rooms, and walking paths through the landscaped grounds. The condominium is located at 4303 E Cactus Road 410 in Phoenix, Arizona.
Key Highlights
- Top‑floor condominium with no upstairs neighbor
- Renovated kitchen and bathroom with modern finishes
- 5 swimming pools and 5 spas within the community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,748
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,960
$255.0K
Cap Rate 7%
$182,114
$182.1K
Cap Rate 9%
$141,644
$141.6K
Market Conditions
NOI Build-Up for 1,256 SF
Gross rent
$24.9K $19.80/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$23.2K $18.45/SF
− OpEx
−$10.4K −$8.30/SF
NOI
$12.7K $10.15/SF
Area
ZIP 85032
Vacancy
6.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,960
Cap Rate 7%
$182,114
Cap Rate 9%
$141,644
Alternative Uses
Best Use
Apartment 5plus
$182.1K
$159.4K – $212.5K
NOI $12,748 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.7K
$332.2K – $442.9K
NOI $26,576 @ 7.0% cap · market cap 7.59%
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
1,500
Businesses Nearby
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Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condominium with updated kitchen and bathroom finishes in a landscaped community with extensive shared amenities.
Where is this residential income property located?
The property is located at 4303 E CACTUS Road 419 Phoenix, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Top‑floor condominium with no upstairs neighbor; Renovated kitchen and bathroom with modern finishes; 5 swimming pools and 5 spas within the community
