Condominium with
For Sale
$499,900
Pending
5450 E Deer Valley Dr #1222, Phoenix, AZ 85054
First-floor access, two reserved underground parking spaces, and a covered patio complement the two-bedroom residence.
Property Size1,577 SF
Days on Market15
Property Features for 5450 E Deer Valley Dr #1222
General Information
Standard status
Pending
Size
1,577 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Paradise Valley
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR+den/2BA
Multifamily Units
1
Amenities
24-hour guarded entry
3 heated pools
3 spas
2 fitness rooms
saunas
BBQ areas
concierge
gas fireplace
covered patio
Building Details
Year Built
2008
Listing Agency:
RE/MAX A Bar Z Realty
(520) 466-5350
Listed By:
Thompson Shepherd Group
(480) 418-1838
Source:
Thompsonshepherdgroup
Added: Oct 19
Changed: Nov 1
Last Checked: Nov 1 at 5:54AM
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 RE/MAX A Bar Z Realty
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Investment Insights
Based on property information with market context.
This 1,577-square-foot condominium at Toscana at Desert Ridge has two bedrooms, two bathrooms, and a den. The open-plan interior features high ceilings, tile flooring, a gas fireplace, and a kitchen with granite counters, stainless steel appliances, a gas range, ample cabinets, and a breakfast bar. The primary suite includes dual vanities, and a covered patio faces the community grounds. Built in 2008, the residence has first-floor access and two reserved underground parking spaces.
Community amenities include guarded entry, three heated pools, three spas, two fitness rooms, saunas, barbecue areas, and concierge service. The HOA covers water, sewer, gas, and trash.
Community amenities include guarded entry, three heated pools, three spas, two fitness rooms, saunas, barbecue areas, and concierge service. The HOA covers water, sewer, gas, and trash.
Key Highlights
- Two bedrooms, two bathrooms, and a den across 1,577 square feet
- Two reserved underground parking spaces
- Kitchen equipped with granite countertops, stainless steel appliances, and a gas range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,393
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,860
$367.9K
Cap Rate 7%
$262,757
$262.8K
Cap Rate 9%
$204,367
$204.4K
Market Conditions
NOI Build-Up for 1,577 SF
Gross rent
$35.6K $22.56/SF
− Vacancy
−$2.1K −$1.35/SF
EGI
$33.4K $21.21/SF
− OpEx
−$15.0K −$9.54/SF
NOI
$18.4K $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%
$367,860
Cap Rate 7%
$262,757
Cap Rate 9%
$204,367
Alternative Uses
Best Use
Apartment 5plus
$262.8K
$229.9K – $306.6K
NOI $18,393 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$477.7K
$418.0K – $557.3K
NOI $33,438 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Utilities to site
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 - First-floor access, two reserved underground parking spaces, and a covered patio complement the two-bedroom residence.
Where is this residential income property located?
The property is located at 5450 E Deer Valley Dr #1222 Phoenix, AZ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two bedrooms, two bathrooms, and a den across 1,577 square feet; Two reserved underground parking spaces; Kitchen equipped with granite countertops, stainless steel appliances, and a gas range
