Residential Income Property with Resort
For Sale
$389,900
5450 E Deer Valley Dr #3010, Phoenix, AZ 85054
Updated residence with included appliances, resort-style community facilities, and convenient access to everyday services.
Property Size1,246 SF
Price / SF$312.92
Days on Market80
Property Features for 5450 E Deer Valley Dr #3010
General Information
Standard status
Active
Size
1,246 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Paradise Valley
Additional Details
Multifamily Units
1
Amenities
3 pools (3 spas)
exercise path
two fitness centers
steam rooms
billiards room & library
multiple lounging areas
yoga/stretching studio
game room
three common area kitchens
numerous outdoor grills
business center
EV charging stations
Building Details
Year Built
2008
Listing Agency:
Coldwell Banker Realty
(602) 954-6888
Listed By:
The Crouch Group
(623) 294-9492
Source:
Crouchgroupaz
Added: Aug 15
Changed: Nov 1
Last Checked: Nov 1 at 4:47AM
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 Coldwell Banker Realty
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Investment Insights
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This 1,246-square-foot residential income property was built in 2008 and features updated interior finishes, including luxury plank vinyl in the main living area, tile in wet areas, fresh paint, and plantation shutters. The kitchen includes stainless steel appliances, while the primary bathroom offers a tiled shower with new glass doors and a soaking tub. A washer, dryer, and refrigerator are included. HVAC was replaced in 2023 and includes a transferable annual maintenance, labor, and parts warranty through 2033.
Community amenities include three pools, three spas, two fitness centers, steam rooms, an exercise path, library, billiards room, yoga and stretching studio, game room, common-area kitchens, outdoor grills, social spaces, a business center, meeting facilities, and EV charging stations. HOA services include common-area maintenance, gas, water, sewer, and garbage.
Community amenities include three pools, three spas, two fitness centers, steam rooms, an exercise path, library, billiards room, yoga and stretching studio, game room, common-area kitchens, outdoor grills, social spaces, a business center, meeting facilities, and EV charging stations. HOA services include common-area maintenance, gas, water, sewer, and garbage.
Key Highlights
- 1,246 SF residential property built in 2008
- HVAC replaced in 2023 with transferable warranty through 2033
- Updated finishes include luxury plank vinyl, fresh paint, tile, and plantation shutters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,533
Cap Rate
3.73%
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 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.3K – $440.3K
NOI $26,420 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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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 - Updated residence with included appliances, resort-style community facilities, and convenient access to everyday services.
Where is this residential income property located?
The property is located at 5450 E Deer Valley Dr #3010 Phoenix, AZ.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 1,246 SF residential property built in 2008; HVAC replaced in 2023 with transferable warranty through 2033; Updated finishes include luxury plank vinyl, fresh paint, tile, and plantation shutters
