Residential Income Property with Mountain
New
For Sale
$240,000
4303 E Cactus Road #225, Phoenix, AZ 85032
The second-floor condominium has an updated interior, with furnishings available by separate bill of sale.
Property Size850 SF
Price / SF$282.35
Days on Market4
Property Features for 4303 E Cactus Road #225
General Information
Standard status
Active
Size
850 SF
Property subtype
Apartment
Site & Location
Neighborhood
Paradise Valley
Additional Details
Furnished
No
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,138
Amenities
3/4 Bath Master Bdrm
Eat-in Kitchen
Quartz Countertops
Building Details
Building Size
850 SF
Year Built
1983
Stories
1
Listing Agency:
ALASKA A LA CARTE REALTY
Listed By:
Andrea Barker · License #RECB15913
(907) 590-2300
Source:
Arizonaalacarterealty
Added: Oct 22
Last Checked: Oct 23 at 9:33PM
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 ALASKA A LA CARTE REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor residential condominium offers one bedroom and one bathroom across 850 square feet. Built in 1983, it has an updated interior and mountain views. Furnishings are available through a separate bill of sale.
The property is near Stonecreek Golf Club and the shops, restaurants, and entertainment around the former Paradise Valley Mall site. North Phoenix and Scottsdale amenities are also nearby.
The property is near Stonecreek Golf Club and the shops, restaurants, and entertainment around the former Paradise Valley Mall site. North Phoenix and Scottsdale amenities are also nearby.
Key Highlights
- One‑bedroom, one‑bath condominium with 850 square feet
- Second‑floor residence with mountain views
- Built in 1983; interior has been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,627
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,540
$172.5K
Cap Rate 7%
$123,243
$123.2K
Cap Rate 9%
$95,856
$95.9K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$16.8K $19.80/SF
− Vacancy
−$1.1K −$1.35/SF
EGI
$15.7K $18.45/SF
− OpEx
−$7.1K −$8.30/SF
NOI
$8.6K $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%
$172,540
Cap Rate 7%
$123,243
Cap Rate 9%
$95,856
Alternative Uses
Best Use
Apartment 5plus
$123.2K
$107.8K – $143.8K
NOI $8,627 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.9K
$224.8K – $299.8K
NOI $17,985 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,500
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor condominium has an updated interior, with furnishings available by separate bill of sale.
Where is this residential income property located?
The property is located at 4303 E Cactus Road #225 Phoenix, AZ.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium with 850 square feet; Second‑floor residence with mountain views; Built in 1983; interior has been updated
