Residential Income Property with Pool
For Sale
$310,000
5450 E DEER VALLEY Drive 1223, Phoenix, AZ 85054
Single-level residence offers two bedrooms, an office, two baths, and furnished or unfurnished flexibility.
Property Size796 SF
Price / SF$389.45
Days on Market58
Property Features for 5450 E DEER VALLEY Drive 1223
General Information
Standard status
Active
Size
796 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA + office
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,864
Amenities
guard gated
clubhouses
heated resort style pools
spas
fitness centers
steam rooms
billiards and game rooms
social lounges
walking paths
fire features
covered patio
Building Details
Building Size
796 SF
Year Built
2008
Listing Agency:
Close Pros Real Estate and Management
Listed By:
Jared Schaub · License #SA647087000
(480) 988-2009
Source:
Luxuryhomesdesertmountain
Added: Aug 11
Changed: Oct 2
Last Checked: Oct 7 at 6:10PM
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 Close Pros Real Estate and Management
Investment Insights
Based on property information with market context.
This third-floor, single-level residence at Toscana of Desert Ridge presents a two-bedroom layout with a dedicated office that can serve as an additional bedroom, along with two full baths and split-bedroom separation. The approximately 1,435-square-foot home includes a covered patio oriented toward the community pool and is offered furnished or unfurnished. New AC adds a recent mechanical improvement, while Building 10 permits monthly rentals.
Community amenities include three clubhouses, three heated pools and spas, fitness centers, steam rooms, billiards and game rooms, social lounges, landscaped walking paths, and outdoor fire features. The condominium community is guard gated and positioned near High Street, Desert Ridge Marketplace, and Wildfire Golf Club. The residence is located at 5450 E DEER VALLEY Drive 3170 in Phoenix, Arizona, and was built in 2014.
Community amenities include three clubhouses, three heated pools and spas, fitness centers, steam rooms, billiards and game rooms, social lounges, landscaped walking paths, and outdoor fire features. The condominium community is guard gated and positioned near High Street, Desert Ridge Marketplace, and Wildfire Golf Club. The residence is located at 5450 E DEER VALLEY Drive 3170 in Phoenix, Arizona, and was built in 2014.
Key Highlights
- Approximately 1,435 square feet with 2 bedrooms, dedicated office, and 2 full baths
- Building 10 allows monthly rentals
- Third‑floor covered patio overlooks the resort‑style pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,284
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,680
$185.7K
Cap Rate 7%
$132,629
$132.6K
Cap Rate 9%
$103,156
$103.2K
Market Conditions
NOI Build-Up for 796 SF
Gross rent
$18.0K $22.56/SF
− Vacancy
−$1.1K −$1.35/SF
EGI
$16.9K $21.21/SF
− OpEx
−$7.6K −$9.54/SF
NOI
$9.3K $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%
$185,680
Cap Rate 7%
$132,629
Cap Rate 9%
$103,156
Alternative Uses
Best Use
Apartment 5plus
$132.6K
$116.1K – $154.7K
NOI $9,284 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.1K
$211.0K – $281.3K
NOI $16,878 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
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Business Placement
Demographics for 85054, AZ
8,849
Population
6,271
Households
1.4
Avg Household Size
39
Median Age
61%
College-Educated
98%
High-School Grad
8.6 sq mi
ZIP Area
1,029
Density / Sq Mi
$89,099
Median Household Income
$64,554
Median Earnings
$2,146
Median Rent
$618,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level residence offers two bedrooms, an office, two baths, and furnished or unfurnished flexibility.
Where is this residential income property located?
The property is located at 5450 E DEER VALLEY Drive 1223 Phoenix, AZ.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Approximately 1,435 square feet with 2 bedrooms, dedicated office, and 2 full baths; Building 10 allows monthly rentals; Third‑floor covered patio overlooks the resort‑style pool
