End-Unit Residential Income
For Sale
$323,999
7300 N DREAMY DRAW Drive 211, Phoenix, AZ 85020
Two-bedroom, two-bath condominium with refreshed finishes, private balconies, and access to a community pool and spa.
Property Size976 SF
Days on Market62
Property Features for 7300 N DREAMY DRAW Drive 211
General Information
Standard status
Active
Size
976 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Highway Access
Yes
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,257
Amenities
pool
spa
private balconies
Building Details
Building Size
976 SF
Year Built
1984
Listing Agency:
Hometown Advantage, Inc
Listed By:
Teresa Godek
(520) 471-1864
Source:
Alexiabertsatos
Added: Sep 3
Changed: Oct 31
Last Checked: Nov 1 at 3:37PM
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 Hometown Advantage, Inc
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Investment Insights
Based on property information with market context.
This end-unit condominium offers a two-bedroom, two-bath layout with an open interior, new paint, and updated quartz countertops. Two private balconies extend the living space, while the included washer, dryer, and refrigerator add everyday convenience. The property was built in 1984.
Located on N Dreamy Draw Drive in Phoenix, the residence is near access to the 51 and across from Sumida Park, which includes picnic ramadas, basketball, sand volleyball, and a fitness course. Community amenities include a pool and spa. Nearby recreation includes hiking trails, Hilton Resort at the Peak, and River Ranch Water Park, with Aunt Chiladas within walking distance.
Located on N Dreamy Draw Drive in Phoenix, the residence is near access to the 51 and across from Sumida Park, which includes picnic ramadas, basketball, sand volleyball, and a fitness course. Community amenities include a pool and spa. Nearby recreation includes hiking trails, Hilton Resort at the Peak, and River Ranch Water Park, with Aunt Chiladas within walking distance.
Key Highlights
- End‑unit 2BR/2BA condominium
- New paint and updated quartz countertops
- Two private balconies with bright, open layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,384
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,680
$227.7K
Cap Rate 7%
$162,629
$162.6K
Cap Rate 9%
$126,489
$126.5K
Market Conditions
NOI Build-Up for 976 SF
Gross rent
$22.0K $22.56/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$20.7K $21.21/SF
− OpEx
−$9.3K −$9.54/SF
NOI
$11.4K $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%
$227,680
Cap Rate 7%
$162,629
Cap Rate 9%
$126,489
Alternative Uses
Best Use
Apartment 5plus
$162.6K
$142.3K – $189.7K
NOI $11,384 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.6K
$258.7K – $344.9K
NOI $20,695 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,541
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath condominium with refreshed finishes, private balconies, and access to a community pool and spa.
Where is this residential income property located?
The property is located at 7300 N DREAMY DRAW Drive 211 Phoenix, AZ.
What is the asking price?
The asking price for this property is $323,999.
What are key features of this property?
This property features: End‑unit 2BR/2BA condominium; New paint and updated quartz countertops; Two private balconies with bright, open layout
