Upgraded Residential Income
For Sale
$430,000
5104 N 32ND Street 343, Phoenix, AZ 85018
Two-bedroom condominium with custom finishes, private outdoor space, assigned garage parking, and extensive community amenities.
Property Size1,277 SF
Days on Market84
Property Features for 5104 N 32ND Street 343
General Information
Standard status
Active
Size
1,277 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,411
Amenities
gated complex
fitness center
saunas
clubhouse
pool
spa
BBQ
Building Details
Building Size
1,277 SF
Year Built
1990
Listing Agency:
HomeSmart
Listed By:
Ross Maghami
(602) 741-4173
Source:
Jcluxuryresidential
Added: Aug 12
Changed: Oct 31
Last Checked: Nov 1 at 1:43PM
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 residential income condominium at 5104 N 32ND Street includes two bedrooms and two bathrooms within a 1990-built community. Interior features include ceramic tile flooring, quartz kitchen countertops, plantation shutters, an Onyx fireplace surround, and a dining room fixture described as Italian Marble. The primary suite offers a custom walk-in closet and a bathroom with Brazilian volcano Marble and an Arizona river rock shower. The second bedroom includes a custom library with Murphy bed and built-in closet. A private patio, storage unit, custom iron screen door, and new window screens add to the property’s physical improvements.
The gated community provides lush grounds, a fitness center, saunas, clubhouse, pool, spa, BBQ area, and underground parking. The unit includes one assigned underground garage space, with additional guest parking throughout the community. The property is near Biltmore Fashion Park, the Arizona Biltmore Hotel, restaurants, coffee houses, grocery shopping, Camelback Mountain, Piestewa Peak, Old Town Scottsdale, downtown Phoenix, and Sky Harbor International Airport. HOA services include gas, water, sewer, trash, pest control, roof maintenance, and exterior maintenance.
The gated community provides lush grounds, a fitness center, saunas, clubhouse, pool, spa, BBQ area, and underground parking. The unit includes one assigned underground garage space, with additional guest parking throughout the community. The property is near Biltmore Fashion Park, the Arizona Biltmore Hotel, restaurants, coffee houses, grocery shopping, Camelback Mountain, Piestewa Peak, Old Town Scottsdale, downtown Phoenix, and Sky Harbor International Airport. HOA services include gas, water, sewer, trash, pest control, roof maintenance, and exterior maintenance.
Key Highlights
- Two‑bedroom, two‑bath condominium built in 1990
- Quartz kitchen counters, ceramic tile floors, plantation shutters, and Onyx fireplace surround
- Primary suite with custom walk‑in closet and Brazilian volcano Marble bathroom finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,894
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,880
$297.9K
Cap Rate 7%
$212,771
$212.8K
Cap Rate 9%
$165,489
$165.5K
Market Conditions
NOI Build-Up for 1,277 SF
Gross rent
$28.8K $22.56/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$27.1K $21.21/SF
− OpEx
−$12.2K −$9.54/SF
NOI
$14.9K $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%
$297,880
Cap Rate 7%
$212,771
Cap Rate 9%
$165,489
Alternative Uses
Best Use
Apartment 5plus
$212.8K
$186.2K – $248.2K
NOI $14,894 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.8K
$338.5K – $451.3K
NOI $27,077 @ 7.0% cap · market cap 6.30%
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
1,591
Businesses Nearby
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Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with custom finishes, private outdoor space, assigned garage parking, and extensive community amenities.
Where is this residential income property located?
The property is located at 5104 N 32ND Street 343 Phoenix, AZ.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium built in 1990; Quartz kitchen counters, ceramic tile floors, plantation shutters, and Onyx fireplace surround; Primary suite with custom walk‑in closet and Brazilian volcano Marble bathroom finishes
