Ground-Level Residential Income
7008 E Gold Dust Avenue #115 Paradise Valley, AZ 85253
New
For Sale
$315,000
Ground-level 2-bed, 2-bath unit with bamboo flooring, in-unit laundry, and a covered patio.
Days on Market6
Property Features for 7008 E Gold Dust Avenue #115
General Information
Standard status
Active
Property subtype
Apartment
Building Details
Year Built
1989
Listing Agency:
Real Broker
(623) 223-1663
Listed By:
Carin S Nguyen · License #BR546062000
(623) 223-1663
Source:
Sunhaven-realestate
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 12:34PM
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 Real Broker
Investment Insights
Based on property information with market context.
This ground-level 2-bedroom, 2-bath residential income unit is designed for easy everyday living, with bamboo wood flooring, fresh paint, and ceiling fans throughout. The kitchen includes track lighting, stainless steel appliances, and ample cabinet space. The unit also features newer washer and dryer, helping streamline in-home laundry convenience.
The primary bedroom is sized for comfortable use and includes plush carpet, a private bathroom with an enclosed glass shower, and a walk-in closet. After a busy day, you can relax on the covered patio.
Overall, the unit presents a move-in ready interior with coordinated finishes and practical in-home amenities, including in-unit laundry and a covered outdoor space.
The primary bedroom is sized for comfortable use and includes plush carpet, a private bathroom with an enclosed glass shower, and a walk-in closet. After a busy day, you can relax on the covered patio.
Overall, the unit presents a move-in ready interior with coordinated finishes and practical in-home amenities, including in-unit laundry and a covered outdoor space.
Key Highlights
- Ground‑level 2‑bed, 2‑bath unit in a building built in 1989
- Bamboo wood flooring, fresh paint, and ceiling fans throughout
- Kitchen with track lighting, stainless steel appliances, and plenty of cabinet space
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.8k | $21.60 |
| − Vacancy | −$990 | −$1.08 |
| EGI | $18.8k | $20.52 |
| − OpEx | −$8.5k | −$9.23 |
| NOI | $10.3k | $11.29 |
917 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$147.8K
$129.4K – $172.5K
NOI $10,349 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.7K
$248.2K – $330.9K
NOI $19,856 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level 2-bed, 2-bath unit with bamboo flooring, in-unit laundry, and a covered patio.
Where is this residential income property located?
The property is located at 7008 E Gold Dust Avenue #115 Paradise Valley, AZ.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Ground‑level 2‑bed, 2‑bath unit in a building built in 1989; Bamboo wood flooring, fresh paint, and ceiling fans throughout; Kitchen with track lighting, stainless steel appliances, and plenty of cabinet space
