Furnished Two-Bedroom
For Sale
$399,000
4303 E Cactus Road #235, Phoenix, AZ 85032
The furnished residence includes a patio overlooking the eighth green and access to community recreation and wellness amenities.
Property Size1,200 SF
Price / SF$332.50
Days on Market18
Property Features for 4303 E Cactus Road #235
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Apartment
Site & Location
Neighborhood
Paradise Valley
Taxes and HOA fees
Annual Taxes
$937
Amenities
Full Bth Master Bdrm
Double Vanity
Breakfast Bar
Pantry
Granite Counters
High Speed Internet
9+ Flat Ceilings
No Interior Steps
Furnished(See Rmrks)
Balcony
Storage
Building Details
Building Size
1,200 SF
Year Built
1983
Stories
1
Listed By:
Judy Berry-Daw
(602) 380-5171
Source:
Jlberrycompany
Added: Oct 11
Changed: Oct 27
Last Checked: Oct 27 at 3:23AM
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 Judy Berry-Daw
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Investment Insights
Based on property information with market context.
This furnished 1,200-square-foot residence was built in 1983 and has two bedrooms and one bathroom. A patio faces the eighth green of Stone Creek Golf Course, and the unit is described as an income-producing rental. The air conditioning was updated in 2025.
Residents have access to heated swimming pools and spas, a billiards room, community center, media room, wellness gym, and covered parking. Restaurants and shopping are within walking distance. The community is near the 51 freeway, with Sky Harbor Airport and downtown Phoenix described as a short drive away.
Residents have access to heated swimming pools and spas, a billiards room, community center, media room, wellness gym, and covered parking. Restaurants and shopping are within walking distance. The community is near the 51 freeway, with Sky Harbor Airport and downtown Phoenix described as a short drive away.
Key Highlights
- Furnished 1,200‑square‑foot residence with two bedrooms and one bathroom
- Patio view toward the eighth green at Stone Creek Golf Course
- Air conditioning updated in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,179
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,580
$243.6K
Cap Rate 7%
$173,986
$174.0K
Cap Rate 9%
$135,322
$135.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$23.8K $19.80/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$22.1K $18.45/SF
− OpEx
−$10.0K −$8.30/SF
NOI
$12.2K $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%
$243,580
Cap Rate 7%
$173,986
Cap Rate 9%
$135,322
Alternative Uses
Best Use
Apartment 5plus
$174.0K
$152.2K – $203.0K
NOI $12,179 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.7K
$317.4K – $423.2K
NOI $25,391 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
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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 - The furnished residence includes a patio overlooking the eighth green and access to community recreation and wellness amenities.
Where is this residential income property located?
The property is located at 4303 E Cactus Road #235 Phoenix, AZ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Furnished 1,200‑square‑foot residence with two bedrooms and one bathroom; Patio view toward the eighth green at Stone Creek Golf Course; Air conditioning updated in 2025
