Two-Bedroom Residential Income
For Sale
$385,000
5450 E DEER VALLEY Drive 1006, Phoenix, AZ 85054
Condominium residence includes granite kitchen finishes, a covered patio, and assigned parking.
Property Size1,246 SF
Days on Market110
Property Features for 5450 E DEER VALLEY Drive 1006
General Information
Standard status
Active
Size
1,246 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$2,807
Building Details
Building Size
1,246 SF
Year Built
2008
Listing Agency:
Century 21 Northwest
Listed By:
Rodica Bartels · License #BR507907000
(602) 448-5228
Source:
Jcluxuryresidential
Added: Jun 19
Changed: Oct 6
Last Checked: Oct 6 at 12:00AM
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 Century 21 Northwest
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium residence in Toscana offers a practical layout with a spacious living area, polished tile flooring, and a neutral interior palette. The kitchen is equipped with granite countertops, ample cabinetry, a pantry, recessed lighting, and built-in appliances. The primary suite includes a walk-in closet and a private bathroom with dual sinks and a garden tub. A covered patio extends the living space, while assigned parking is included.
Community amenities include a fitness center and swimming pool. Built in 2008, the property is located at 5450 E Deer Valley Drive 1006 in Phoenix, Arizona 85054.
Community amenities include a fitness center and swimming pool. Built in 2008, the property is located at 5450 E Deer Valley Drive 1006 in Phoenix, Arizona 85054.
Key Highlights
- Two‑bedroom, two‑bath condominium in Toscana
- Granite kitchen countertops with built‑in appliances
- Primary suite with walk‑in closet and private bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,533
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,660
$290.7K
Cap Rate 7%
$207,614
$207.6K
Cap Rate 9%
$161,478
$161.5K
Market Conditions
NOI Build-Up for 1,246 SF
Gross rent
$28.1K $22.56/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$26.4K $21.21/SF
− OpEx
−$11.9K −$9.54/SF
NOI
$14.5K $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%
$290,660
Cap Rate 7%
$207,614
Cap Rate 9%
$161,478
Alternative Uses
Best Use
Apartment 5plus
$207.6K
$181.7K – $242.2K
NOI $14,533 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.3K – $440.3K
NOI $26,420 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
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 - Condominium residence includes granite kitchen finishes, a covered patio, and assigned parking.
Where is this residential income property located?
The property is located at 5450 E DEER VALLEY Drive 1006 Phoenix, AZ.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium in Toscana; Granite kitchen countertops with built‑in appliances; Primary suite with walk‑in closet and private bath
