Furnished Residential
For Sale
$197,500
9151 W GREENWAY Road 283, Peoria, AZ 85381
A furnished corner residence includes a private patio and access to shared recreation facilities.
Property Size968 SF
Price / SF$204.03
Days on Market32
Property Features for 9151 W GREENWAY Road 283
General Information
Standard status
Active
Size
968 SF
Property subtype
Apartment
Site & Location
Neighborhood
Cottonwood Ranch
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$897
Amenities
private patio
pool
spa
weight room
community gathering room with kitchen
lake
Building Details
Building Size
968 SF
Year Built
1998
Listing Agency:
1912 Realty
Listed By:
Lloyd Fox
(480) 516-0555
Source:
1912realty
Added: Oct 2
Changed: Oct 27
Last Checked: Nov 1 at 4:30PM
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 1912 Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 968-square-foot residential unit was built in 1998 and is offered furnished. Interior features include tile flooring, oak cabinetry, double sinks in the bathroom, and 9-foot ceilings. The den and living room each have a sleeper sofa, and the unit includes a private patio.
Residents of Desert Harbor have access to a pool, spa, weight room, and gathering room with a kitchen. The community also includes a 46-acre lake where boating is permitted without gas engines; the water is home to waterfowl and fish.
Residents of Desert Harbor have access to a pool, spa, weight room, and gathering room with a kitchen. The community also includes a 46-acre lake where boating is permitted without gas engines; the water is home to waterfowl and fish.
Key Highlights
- 968 square feet; built in 1998
- Furnished unit with private patio
- 9‑foot ceilings, tile flooring, oak cabinets, and double sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,850
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,000
$217.0K
Cap Rate 7%
$155,000
$155.0K
Cap Rate 9%
$120,556
$120.6K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$21.3K $21.96/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$19.7K $20.38/SF
− OpEx
−$8.9K −$9.17/SF
NOI
$10.8K $11.21/SF
Area
Peoria, AZ
Vacancy
7.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,000
Cap Rate 7%
$155,000
Cap Rate 9%
$120,556
Alternative Uses
Best Use
Apartment 5plus
$155.0K
$135.6K – $180.8K
NOI $10,850 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.3K
$208.5K – $278.1K
NOI $16,683 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 85381, AZ
27,008
Population
11,393
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,031
Density / Sq Mi
$94,442
Median Household Income
$49,458
Median Earnings
$1,726
Median Rent
$407,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A furnished corner residence includes a private patio and access to shared recreation facilities.
Where is this residential income property located?
The property is located at 9151 W GREENWAY Road 283 Peoria, AZ.
What is the asking price?
The asking price for this property is $197,500.
What are key features of this property?
This property features: 968 square feet; built in 1998; Furnished unit with private patio; 9‑foot ceilings, tile flooring, oak cabinets, and double sinks
