2-Bedroom Residential
For Sale
$257,999
9820 N CENTRAL Avenue 132, Phoenix, AZ 85020
Coded or fob access is provided at the pool, gym, building entry, and gates.
Property Size1,017 SF
Price / SF$253.69
Days on Market206
Property Features for 9820 N CENTRAL Avenue 132
General Information
Standard status
Active
Size
1,017 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
North Mountain
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,088
Amenities
pool
gym
Building Details
Building Size
1,017 SF
Year Built
2004
Listing Agency:
Keller Williams Realty Sonoran Living
Listed By:
BVO Luxury Group · License #01428775
(833) 286-7653
Source:
Bvoluxury
Added: Apr 6
Changed: Oct 26
Last Checked: Oct 26 at 2:38PM
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 Keller Williams Realty Sonoran Living
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath residential unit includes ample closet space and additional storage on the balcony. Recent updates include window treatments, kitchen appliances, a water heater, paint, light fixtures, ceiling fans, toilets, and flooring; the kitchen tile is original. The building dates to 2004, and the unit includes one parking space.
Mountain views extend to the south. JCL hospital is minutes away. Access to the pool, gym, entry, and gates is secured by codes or fob.
Mountain views extend to the south. JCL hospital is minutes away. Access to the pool, gym, entry, and gates is secured by codes or fob.
Key Highlights
- Two bedrooms and two full baths
- 1,017 property size
- South‑facing mountain views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,862
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,240
$237.2K
Cap Rate 7%
$169,457
$169.5K
Cap Rate 9%
$131,800
$131.8K
Market Conditions
NOI Build-Up for 1,017 SF
Gross rent
$22.9K $22.56/SF
− Vacancy
−$1.4K −$1.35/SF
EGI
$21.6K $21.21/SF
− OpEx
−$9.7K −$9.54/SF
NOI
$11.9K $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%
$237,240
Cap Rate 7%
$169,457
Cap Rate 9%
$131,800
Alternative Uses
Best Use
Apartment 5plus
$169.5K
$148.3K – $197.7K
NOI $11,862 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.1K
$269.6K – $359.4K
NOI $21,564 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,430
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Coded or fob access is provided at the pool, gym, building entry, and gates.
Where is this residential income property located?
The property is located at 9820 N CENTRAL Avenue 132 Phoenix, AZ.
What is the asking price?
The asking price for this property is $257,999.
What are key features of this property?
This property features: Two bedrooms and two full baths; 1,017 property size; South‑facing mountain views
