Updated Two-Bedroom Condo with
For Sale
$359,999
7401 W Arrowhead Clubhouse Drive #2083, Glendale, AZ 85308
Move-in-ready 2 bed, 2 bath condo with a private attached 1-car garage, covered balcony, and 2025 updates.
Property Size1,214 SF
Price / SF$296.54
Days on Market27
Property Features for 7401 W Arrowhead Clubhouse Drive #2083
General Information
Standard status
Active
Size
1,214 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
pool
spa
clubhouse
private laundry
covered balcony
gated community
Building Details
Building Size
1,214 SF
Year Built
2002
Listing Agency:
Local Luxury Christie's International Real Estate
(512) 351-5946
Listed By:
Allison Ikeler
(512) 351-5946
Source:
Aznewhorizonrealty
Added: Jul 7
Changed: Jul 29
Last Checked: Aug 1 at 12:43PM
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 Local Luxury Christie's International Real Estate
Investment Insights
Based on property information with market context.
Beautifully updated 2-bedroom, 2-bath condo in the gated Fairways at Arrowhead community. The home includes a private attached 1-car garage, a covered balcony, and an open layout with abundant natural light and mature landscaping greenery visible from every room. Recent improvements include newer 2025 vinyl flooring and stainless steel appliances (2025) in the eat-in kitchen, which also features ample cabinetry, a pantry, breakfast bar, and generous counter space. The interior also offers private laundry and multiple spacious storage closets throughout.
Residents enjoy resort-style community amenities, including a pool, spa, and clubhouse. The property is near Arrowhead Country Club, Arrowhead Towne Center, Midwestern University, P83 Entertainment District, and Peoria Sports Complex, with access to Loop 101 for travel throughout the Valley.
This condo presents a move-in-ready, well-organized configuration with dedicated parking and covered outdoor space within the Fairways at Arrowhead gated community.
Residents enjoy resort-style community amenities, including a pool, spa, and clubhouse. The property is near Arrowhead Country Club, Arrowhead Towne Center, Midwestern University, P83 Entertainment District, and Peoria Sports Complex, with access to Loop 101 for travel throughout the Valley.
This condo presents a move-in-ready, well-organized configuration with dedicated parking and covered outdoor space within the Fairways at Arrowhead gated community.
Key Highlights
- Updated 2‑bedroom, 2‑bath condo built in 2002 in the gated Fairways at Arrowhead community
- Private attached 1‑car garage and covered balcony
- 2025 updates include vinyl flooring and stainless steel appliances in the eat‑in kitchen
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 | $24.0k | $19.80 |
| − Vacancy | −$1.6k | −$1.29 |
| EGI | $22.5k | $18.51 |
| − OpEx | −$10.1k | −$8.33 |
| NOI | $12.4k | $10.18 |
1,214 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$176.6K
$154.5K – $206.0K
NOI $12,361 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$381.3K
$333.7K – $444.9K
NOI $26,693 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
Market
Properties on Market for Residential income properties in Maricopa County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Move-in-ready 2 bed, 2 bath condo with a private attached 1-car garage, covered balcony, and 2025 updates.
Where is this residential income property located?
The property is located at 7401 W Arrowhead Clubhouse Drive #2083 Glendale, AZ.
What is the asking price?
The asking price for this property is $359,999.
What are key features of this property?
This property features: Updated 2‑bedroom, 2‑bath condo built in 2002 in the gated Fairways at Arrowhead community; Private attached 1‑car garage and covered balcony; 2025 updates include vinyl flooring and stainless steel appliances in the eat‑in kitchen
