Two-Bedroom Residential
New
For Sale
$150,000
6816 N 35TH Avenue L, Phoenix, AZ 85017
The unit includes a private patio, stacked laundry, and access to a community pool.
Property Size728 SF
Price / SF$206.04
Days on Market4
Property Features for 6816 N 35TH Avenue L
General Information
Standard status
Active
Size
728 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$461
Amenities
stacked washer/dryer
private patio
community pool
Building Details
Building Size
728 SF
Year Built
1974
Listing Agency:
AZ Prime Property Management
Listed By:
Dominic Arnold · License #BR639934000
(480) 206-5776
Source:
Alexiabertsatos
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:25AM
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 AZ Prime Property Management
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, one-bathroom condo with approximately 728 square feet. Its layout includes a modern kitchen, wood-style flooring, and a stacked washer and dryer. A private patio provides outdoor space, and residents have access to a community pool. The building dates to 1974.
The condo is in Phoenix, near shopping, dining, entertainment, and major commuter routes.
The condo is in Phoenix, near shopping, dining, entertainment, and major commuter routes.
Key Highlights
- Two bedrooms and one bathroom
- Approximately 728 square feet of living space
- Private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,491
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,820
$169.8K
Cap Rate 7%
$121,300
$121.3K
Cap Rate 9%
$94,344
$94.3K
Market Conditions
NOI Build-Up for 728 SF
Gross rent
$16.4K $22.56/SF
− Vacancy
−$985 −$1.35/SF
EGI
$15.4K $21.21/SF
− OpEx
−$6.9K −$9.54/SF
NOI
$8.5K $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%
$169,820
Cap Rate 7%
$121,300
Cap Rate 9%
$94,344
Alternative Uses
Best Use
Apartment 5plus
$121.3K
$106.1K – $141.5K
NOI $8,491 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$220.5K
$193.0K – $257.3K
NOI $15,436 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 85017, AZ
45,279
Population
12,743
Households
3.6
Avg Household Size
26
Median Age
11%
College-Educated
65%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$51,737
Median Household Income
$29,371
Median Earnings
$1,197
Median Rent
$242,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes a private patio, stacked laundry, and access to a community pool.
Where is this residential income property located?
The property is located at 6816 N 35TH Avenue L Phoenix, AZ.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom; Approximately 728 square feet of living space; Private patio
