Residential Income Property with
For Sale
$330,000
6767 N 7TH Street 219, Phoenix, AZ 85014
The two-bedroom residence pairs an open living area with in-unit laundry and covered outdoor space.
Property Size1,364 SF
Price / SF$241.94
Days on Market8
Property Features for 6767 N 7TH Street 219
General Information
Standard status
Active
Size
1,364 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$701
Amenities
covered balcony
stainless steel appliances
walk-in closet
tiled walk-in shower
in-unit laundry
community pool
Building Details
Building Size
1,364 SF
Year Built
1963
Listing Agency:
Limitless Real Estate
Listed By:
Braden Johnson
(480) 228-2749
Source:
Alexiabertsatos
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 13 at 2:29AM
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 Limitless Real Estate
Investment Insights
Based on property information with market context.
This 1,364-square-foot condominium has two bedrooms and an open kitchen, dining, and living arrangement. The kitchen includes white cabinetry, stainless steel appliances, a tile backsplash, and an island. Wood-look tile runs throughout, while large windows and a brick accent wall distinguish the main living area. Sliding glass doors connect the interior to a covered balcony. The primary bedroom has a walk-in closet and an ensuite bathroom with a tiled walk-in shower; a second bedroom, hall bath, and in-unit laundry complete the layout.
Built in 1963, the property is in North Central Phoenix. Community amenities include a pool, with dining and shopping accessible in the surrounding area.
Built in 1963, the property is in North Central Phoenix. Community amenities include a pool, with dining and shopping accessible in the surrounding area.
Key Highlights
- 1,364 sq ft condominium with two bedrooms
- Open kitchen, dining, and living arrangement
- Covered balcony accessed through sliding glass doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,909
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,180
$318.2K
Cap Rate 7%
$227,271
$227.3K
Cap Rate 9%
$176,767
$176.8K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$30.8K $22.56/SF
− Vacancy
−$1.8K −$1.35/SF
EGI
$28.9K $21.21/SF
− OpEx
−$13.0K −$9.54/SF
NOI
$15.9K $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%
$318,180
Cap Rate 7%
$227,271
Cap Rate 9%
$176,767
Alternative Uses
Best Use
Apartment 5plus
$227.3K
$198.9K – $265.2K
NOI $15,909 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.2K
$361.5K – $482.0K
NOI $28,922 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 85014, AZ
26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence pairs an open living area with in-unit laundry and covered outdoor space.
Where is this residential income property located?
The property is located at 6767 N 7TH Street 219 Phoenix, AZ.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,364 sq ft condominium with two bedrooms; Open kitchen, dining, and living arrangement; Covered balcony accessed through sliding glass doors
