Gated Residential Income
For Sale
$249,900
5302 E Van Buren Street #2002, Phoenix, AZ 85008
The condo is part of a community with a pool, fitness center, clubhouse, spa, and barbecue areas.
Property Size941 SF
Price / SF$265.57
Days on Market20
Property Features for 5302 E Van Buren Street #2002
General Information
Standard status
Active
Size
941 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Highway Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,210
Amenities
gated community
pool
heated spa
fitness center
clubhouse
BBQ areas
private gated access to the Papago trail system
3/4 Bath Master Bdrm
Breakfast Bar
Granite Counters
Balcony
Building Details
Building Size
941 SF
Year Built
2002
Stories
2
Listing Agency:
HomeSmart
(602) 230-7600
Listed By:
Charles DeLong
(480) 415-7818
Source:
Omnihomesinternational
Added: Oct 14
Changed: Nov 2
Last Checked: Oct 31 at 3:11AM
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
Based on property information with market context.
At Belaflora, this 2-bedroom, 2-bath condo contains 941 square feet and was built in 2002. Community amenities include a pool, heated spa, fitness center, clubhouse, and barbecue areas. Residents also have gated access to the Papago trail system.
The property is at 52nd Street and Van Buren, with Loop 202 at the community entrance. Tempe, downtown Phoenix, Tempe Town Lake, ASU, Scottsdale, the Phoenix Zoo, Desert Botanical Garden, and Papago Park are a short drive away.
The HOA covers exterior maintenance, the roof, insurance, sewer, and trash.
The property is at 52nd Street and Van Buren, with Loop 202 at the community entrance. Tempe, downtown Phoenix, Tempe Town Lake, ASU, Scottsdale, the Phoenix Zoo, Desert Botanical Garden, and Papago Park are a short drive away.
The HOA covers exterior maintenance, the roof, insurance, sewer, and trash.
Key Highlights
- 2‑bedroom, 2‑bath condo with 941 sq ft
- Built in 2002
- At 52nd Street and Van Buren; Loop 202 is at the entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,872
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,440
$197.4K
Cap Rate 7%
$141,029
$141.0K
Cap Rate 9%
$109,689
$109.7K
Market Conditions
NOI Build-Up for 941 SF
Gross rent
$19.2K $20.40/SF
− Vacancy
−$1.2K −$1.33/SF
EGI
$17.9K $19.07/SF
− OpEx
−$8.1K −$8.58/SF
NOI
$9.9K $10.49/SF
Area
ZIP 85008
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,440
Cap Rate 7%
$141,029
Cap Rate 9%
$109,689
Alternative Uses
Best Use
Apartment 5plus
$141.0K
$123.4K – $164.5K
NOI $9,872 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.8K
$254.5K – $339.3K
NOI $20,357 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo is part of a community with a pool, fitness center, clubhouse, spa, and barbecue areas.
Where is this residential income property located?
The property is located at 5302 E Van Buren Street #2002 Phoenix, AZ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath condo with 941 sq ft; Built in 2002; At 52nd Street and Van Buren; Loop 202 is at the entrance
