Ground-Level Residential Income
For Sale
$374,900
5450 E Deer Valley Dr #1199, Phoenix, AZ 85054
Two-bedroom unit with private patio, one-car garage, and access to extensive community amenities.
Property Size1,246 SF
Price / SF$300.88
Days on Market63
Property Features for 5450 E Deer Valley Dr #1199
General Information
Standard status
Active
Size
1,246 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Site & Location
Neighborhood
Paradise Valley
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
guard gate entry
gym
heated pool
hot tub
media room
clubhouse
Building Details
Year Built
2008
Listing Agency:
A.Z. & Associates
(623) 776-5540
Listed By:
House of AZ
(602) 353-7034
Source:
Houseofarizona
Added: Sep 1
Changed: Nov 1
Last Checked: Nov 1 at 5:21AM
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 A.Z. & Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Ground-level residential income property offering 1,246 square feet with 2 bedrooms, 2 bathrooms, and a 1-car garage. Interior features include granite kitchen countertops, cabinetry, stainless steel appliances, and an inside laundry area with washer and dryer. A separate office area includes a built-in desk and upper cabinets. Tile flooring extends through the main living areas, while the bedrooms are carpeted. The unit also includes a private rear patio and generous living space.
Community amenities include guard-gated entry, 2 gyms, 3 heated pools, hot tubs, a media room, and a clubhouse. The property is located at 5450 E Deer Valley Dr #1199 in Phoenix, near High Street and Desert Ridge, with restaurants and shopping in the surrounding area. Built in 2008.
Community amenities include guard-gated entry, 2 gyms, 3 heated pools, hot tubs, a media room, and a clubhouse. The property is located at 5450 E Deer Valley Dr #1199 in Phoenix, near High Street and Desert Ridge, with restaurants and shopping in the surrounding area. Built in 2008.
Key Highlights
- 1,246‑square‑foot ground‑level unit with 2 bedrooms and 2 bathrooms
- 1‑car garage and private rear patio
- Granite countertops, cabinetry, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,533
Cap Rate
3.88%
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 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.3K – $440.3K
NOI $26,420 @ 7.0% cap · market cap 7.05%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom unit with private patio, one-car garage, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 5450 E Deer Valley Dr #1199 Phoenix, AZ.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 1,246‑square‑foot ground‑level unit with 2 bedrooms and 2 bathrooms; 1‑car garage and private rear patio; Granite countertops, cabinetry, and stainless steel appliances
