Residential Income Property with Valley
New
For Sale
$249,000
4750 N Central Ave #K15, Phoenix, AZ 85012
The two-bedroom, one-bath condo features broad windows and access to shared recreation and gathering spaces.
Property Size980 SF
Price / SF$254.08
Days on Market2
Property Features for 4750 N Central Ave #K15
General Information
Standard status
Active
Size
980 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
fitness center
pool
rooftop deck
community room
library
Building Details
Year Built
1963
Listing Agency:
West Usa Realty
(602) 942-4200
Listed By:
arrt of Real Estate / Amelia Goudeau
(602) 460-5545
Source:
Arrtofrealestate
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 5:41PM
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 West Usa Realty
Investment Insights
Based on property information with market context.
Set on the 15th floor, this two-bedroom, one-bath condo has north-facing valley views and expansive windows. The building dates to 1963, and the unit includes two spaces in a secure garage. Shared amenities include a fitness center, swimming pool, rooftop deck, community room, and library.
The property is on N Central Ave in Phoenix, with access to light rail, Uptown Plaza, and nearby dining, retail, and entertainment options.
The property is on N Central Ave in Phoenix, with access to light rail, Uptown Plaza, and nearby dining, retail, and entertainment options.
Key Highlights
- 15th‑floor condo with north‑facing valley views
- Two bedrooms and one bathroom
- Two secure garage parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,430
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,600
$228.6K
Cap Rate 7%
$163,286
$163.3K
Cap Rate 9%
$127,000
$127.0K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$22.1K $22.56/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$20.8K $21.21/SF
− OpEx
−$9.4K −$9.54/SF
NOI
$11.4K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,600
Cap Rate 7%
$163,286
Cap Rate 9%
$127,000
Alternative Uses
Best Use
Apartment 5plus
$163.3K
$142.9K – $190.5K
NOI $11,430 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.9K
$259.8K – $346.3K
NOI $20,780 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 85012, AZ
8,201
Population
5,269
Households
1.6
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
3,566
Density / Sq Mi
$80,242
Median Household Income
$57,228
Median Earnings
$1,693
Median Rent
$701,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, one-bath condo features broad windows and access to shared recreation and gathering spaces.
Where is this residential income property located?
The property is located at 4750 N Central Ave #K15 Phoenix, AZ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 15th‑floor condo with north‑facing valley views; Two bedrooms and one bathroom; Two secure garage parking spaces
