Residential Income Property with
For Sale
$330,000
6767 N 7TH Street #219, Phoenix, AZ 85014
The condo offers an open living and dining area, in-unit laundry, and access to a community pool.
Property Size1,364 SF
Price / SF$241.94
Days on Market26
Property Features for 6767 N 7TH Street #219
General Information
Standard status
Active
Size
1,364 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Additional Details
Multifamily Units
1
Amenities
community pool
in-unit laundry
covered balcony
Building Details
Year Built
1963
Listing Agency:
Limitless Real Estate
(480) 902-4700
Listed By:
Braden Johnson · License #SA585587000
(480) 228-2749
Source:
Kathrynthomas
Added: Oct 7
Changed: Oct 28
Last Checked: Oct 28 at 4:29PM
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
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Investment Insights
Based on property information with market context.
This Phoenix condo has 1,364 square feet of living space and two bedrooms. The open kitchen connects with the dining and living areas and includes an island, stainless steel appliances, white cabinets, and a tile backsplash. Wood-look tile runs throughout, while an exposed brick feature wall and large windows shape the main living space. Sliding doors open to a covered balcony. The primary suite has a walk-in closet and an ensuite bathroom with a tiled walk-in shower; the unit also includes a second bedroom, a hall bathroom, and in-unit laundry.
Built in 1963, the property is in North Central Phoenix. Residents have access to a community pool, with dining and shopping also accessible in the surrounding area.
Built in 1963, the property is in North Central Phoenix. Residents have access to a community pool, with dining and shopping also accessible in the surrounding area.
Key Highlights
- 1,364 square feet with two bedrooms
- Covered balcony accessed through sliding glass doors
- Community pool available to residents
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.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
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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 condo offers an open living and dining area, in-unit laundry, and access to a community pool.
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 square feet with two bedrooms; Covered balcony accessed through sliding glass doors; Community pool available to residents
