Residential Income
For Sale
$209,999
4554 E PARADISE VILLAGE Parkway 148, Phoenix, AZ 85032
A one-bedroom condominium features a private balcony within a gated community.
Property Size685 SF
Price / SF$306.57
Days on Market225
Property Features for 4554 E PARADISE VILLAGE Parkway 148
General Information
Standard status
Active
Size
685 SF
Property subtype
Apartment
Site & Location
Neighborhood
Paradise Valley
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$456
Amenities
gated community
free Cox cable
Building Details
Building Size
685 SF
Year Built
1980
Listing Agency:
Orchard Brokerage
Listed By:
April Audiss
(480) 267-3601
Source:
Arizonaproperrealestate
Added: Mar 19
Changed: Oct 26
Last Checked: Oct 26 at 3:14PM
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 Orchard Brokerage
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Investment Insights
Based on property information with market context.
This 685-square-foot condominium contains one bedroom and one bathroom, with an open layout connecting the living area, kitchen, and dining space. The unit has a walk-in closet and a private balcony. Updates include a new AC unit, a new kitchen and bathroom, and fresh interior paint; the roof has been repaired. Built in 1980, the property is located in Phoenix.
Key Highlights
- 685‑square‑foot condominium with one bedroom and one bathroom
- Private balcony and walk‑in closet
- New AC unit, kitchen, and bathroom; fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,952
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$139,040
$139.0K
Cap Rate 7%
$99,314
$99.3K
Cap Rate 9%
$77,244
$77.2K
Market Conditions
NOI Build-Up for 685 SF
Gross rent
$13.6K $19.80/SF
− Vacancy
−$922 −$1.35/SF
EGI
$12.6K $18.45/SF
− OpEx
−$5.7K −$8.30/SF
NOI
$7.0K $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%
$139,040
Cap Rate 7%
$99,314
Cap Rate 9%
$77,244
Alternative Uses
Best Use
Apartment 5plus
$99.3K
$86.9K – $115.9K
NOI $6,952 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$207.1K
$181.2K – $241.6K
NOI $14,494 @ 7.0% cap · market cap 6.90%
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
1,379
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 - A one-bedroom condominium features a private balcony within a gated community.
Where is this residential income property located?
The property is located at 4554 E PARADISE VILLAGE Parkway 148 Phoenix, AZ.
What is the asking price?
The asking price for this property is $209,999.
What are key features of this property?
This property features: 685‑square‑foot condominium with one bedroom and one bathroom; Private balcony and walk‑in closet; New AC unit, kitchen, and bathroom; fresh interior paint
