Ground-Floor Residential
New
For Sale
$359,900
7401 W Arrowhead Clubhouse Dr #1001, Glendale, AZ 85308
Remodeled unit with accessible features, an attached garage, and private outdoor space in a gated community.
Property Size1,293 SF
Price / SF$278.34
Days on Market2
Property Features for 7401 W Arrowhead Clubhouse Dr #1001
General Information
Standard status
Active
Size
1,293 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
heated pool
jacuzzi
private patio
laundry room
gated community
Building Details
Year Built
2002
Listing Agency:
Long Realty Covey Luxury Properties
(928) 537-8510
Listed By:
Klaus Team Real Estate Solutions
(480) 354-7344
Source:
Klausteam
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 5:42PM
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 Long Realty Covey Luxury Properties
Investment Insights
Based on property information with market context.
This 1,293-square-foot ground-floor condo was built in 2002 and remodeled. Its open layout includes split bedrooms, an en-suite primary bedroom with a walk-in closet, and a kitchen with a pantry, breakfast bar, and wraparound counter. A full-size indoor laundry room and oversized attached garage add practical utility. Wider doorways and the unit’s accessible design are also noted, along with a private wraparound patio fitted with adjustable sun screens.
The home is in a gated community with a heated pool and jacuzzi. Arrowhead Country Club is next door, and Arrowhead Mall, restaurants, retail stores, and sporting events are identified nearby.
The home is in a gated community with a heated pool and jacuzzi. Arrowhead Country Club is next door, and Arrowhead Mall, restaurants, retail stores, and sporting events are identified nearby.
Key Highlights
- 1,293‑square‑foot ground‑floor condo with an oversized attached garage
- Remodeled unit with wider doorways and accessible design
- Open plan with split bedrooms and an en‑suite primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,166
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,320
$263.3K
Cap Rate 7%
$188,086
$188.1K
Cap Rate 9%
$146,289
$146.3K
Market Conditions
NOI Build-Up for 1,293 SF
Gross rent
$25.6K $19.80/SF
− Vacancy
−$1.7K −$1.29/SF
EGI
$23.9K $18.51/SF
− OpEx
−$10.8K −$8.33/SF
NOI
$13.2K $10.18/SF
Area
Glendale, AZ
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,320
Cap Rate 7%
$188,086
Cap Rate 9%
$146,289
Alternative Uses
Best Use
Apartment 5plus
$188.1K
$164.6K – $219.4K
NOI $13,166 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$406.1K
$355.4K – $473.8K
NOI $28,430 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Explore this area
Business Placement
Demographics for 85308, AZ
66,540
Population
26,540
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
3,937
Density / Sq Mi
$95,512
Median Household Income
$50,026
Median Earnings
$1,777
Median Rent
$420,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Remodeled unit with accessible features, an attached garage, and private outdoor space in a gated community.
Where is this residential income property located?
The property is located at 7401 W Arrowhead Clubhouse Dr #1001 Glendale, AZ.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 1,293‑square‑foot ground‑floor condo with an oversized attached garage; Remodeled unit with wider doorways and accessible design; Open plan with split bedrooms and an en‑suite primary bedroom
