Gated Condo with
New
For Sale
$179,000
5302 E Van Buren Street #2020, Phoenix, AZ 85008
Move-in ready 1-bedroom condo with private balcony, walk-in closet, and covered parking in a gated community.
Days on Market7
Property Features for 5302 E Van Buren Street #2020
General Information
Standard status
Active
Property subtype
Apartment
Additional Details
Highway Access
Yes
Amenities
private balcony
covered parking
pool
spa
fitness center
clubhouse
BBQ areas
gated access to Papago Park trails
Building Details
Building Size
643 SF
Year Built
2002
Listing Agency:
Engel & Voelkers Scottsdale
(602) 293-7640
Listed By:
Allison Swopes
(602) 293-7640
Source:
Sunhaven-realestate
Added: Jul 27
Changed: Jul 28
Last Checked: Aug 1 at 1:17PM
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 Engel & Voelkers Scottsdale
Investment Insights
Based on property information with market context.
Move-in ready 1-bedroom, 1-bath condo within the gated Belaflora community, positioned inside the complex for privacy and open views. The home features a bright, open-concept layout with a spacious bedroom and walk-in closet, plus a private balcony. Covered parking is also included.
Residents enjoy a full suite of community amenities, including a pool, spa, fitness center, clubhouse, and BBQ areas. The community also provides gated access to scenic trails at Papago Park, and it is centrally located with convenient access to Sky Harbor Airport, Tempe, Scottsdale, Arizona State University, and Downtown Phoenix.
This condo is well-suited for a primary residence, seasonal lock-and-leave use, or investment, with the gated setting and on-site amenities supporting low-maintenance living.
Residents enjoy a full suite of community amenities, including a pool, spa, fitness center, clubhouse, and BBQ areas. The community also provides gated access to scenic trails at Papago Park, and it is centrally located with convenient access to Sky Harbor Airport, Tempe, Scottsdale, Arizona State University, and Downtown Phoenix.
This condo is well-suited for a primary residence, seasonal lock-and-leave use, or investment, with the gated setting and on-site amenities supporting low-maintenance living.
Key Highlights
- 2002‑built 1‑bedroom, 1‑bath condo in the gated Belaflora community
- Bright, open‑concept interior with a spacious bedroom and walk‑in closet
- Private balcony included
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.1k | $20.40 |
| − Vacancy | −$853 | −$1.33 |
| EGI | $12.3k | $19.07 |
| − OpEx | −$5.5k | −$8.58 |
| NOI | $6.7k | $10.49 |
643 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$96.4K
$84.3K – $112.4K
NOI $6,746 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$198.7K
$173.9K – $231.8K
NOI $13,910 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 85008, AZ
59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
Median Home Value
Market
Properties on Market for Residential income properties in Phoenix
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Move-in ready 1-bedroom condo with private balcony, walk-in closet, and covered parking in a gated community.
Where is this residential income property located?
The property is located at 5302 E Van Buren Street #2020 Phoenix, AZ.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 2002‑built 1‑bedroom, 1‑bath condo in the gated Belaflora community; Bright, open‑concept interior with a spacious bedroom and walk‑in closet; Private balcony included
