One-Bedroom Residential Income
For Sale
$151,000
6606 W KINGSTON Lane, Glendale, AZ 85306
The condominium includes a functional kitchen, combined living and dining areas, and covered parking.
Property Size544 SF
Price / SF$277.57
Days on Market118
Property Features for 6606 W KINGSTON Lane
General Information
Standard status
Active
Size
544 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$308
Building Details
Building Size
544 SF
Year Built
1984
Listing Agency:
Keller Williams Arizona Living Realty
Listed By:
The Modern Desert Group · License #SA630303000
(719) 650-4959
Source:
Themoderndesertgroup
Added: Jul 8
Changed: Nov 2
Last Checked: Nov 1 at 1:45AM
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 Keller Williams Arizona Living Realty
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Investment Insights
Based on property information with market context.
This 544-square-foot condominium has one bedroom, a kitchen connected to the living and dining areas, and a private covered parking space. Built in 1984, the residence is configured for straightforward day-to-day use.
Arizona Christian University is 1.5 miles away. Midwestern University and Grand Canyon University are also a short drive from the property, with shopping, dining, parks, and major freeways nearby.
Arizona Christian University is 1.5 miles away. Midwestern University and Grand Canyon University are also a short drive from the property, with shopping, dining, parks, and major freeways nearby.
Key Highlights
- 544‑square‑foot condominium with one bedroom
- Private covered parking space
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,539
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,780
$110.8K
Cap Rate 7%
$79,129
$79.1K
Cap Rate 9%
$61,544
$61.5K
Market Conditions
NOI Build-Up for 544 SF
Gross rent
$10.8K $19.80/SF
− Vacancy
−$700 −$1.29/SF
EGI
$10.1K $18.51/SF
− OpEx
−$4.5K −$8.33/SF
NOI
$5.5K $10.18/SF
Area
Glendale, AZ
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,780
Cap Rate 7%
$79,129
Cap Rate 9%
$61,544
Alternative Uses
Best Use
Apartment 5plus
$79.1K
$69.2K – $92.3K
NOI $5,539 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$170.9K
$149.5K – $199.4K
NOI $11,961 @ 7.0% cap · market cap 7.92%
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
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
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Business Placement
Demographics for 85306, AZ
25,663
Population
9,587
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,350
Density / Sq Mi
$82,060
Median Household Income
$41,596
Median Earnings
$1,666
Median Rent
$342,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium includes a functional kitchen, combined living and dining areas, and covered parking.
Where is this residential income property located?
The property is located at 6606 W KINGSTON Lane Glendale, AZ.
What is the asking price?
The asking price for this property is $151,000.
What are key features of this property?
This property features: 544‑square‑foot condominium with one bedroom; Private covered parking space; Built in 1984
