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8805 S 51ST ST 2, Phoenix, AZ 85044 8805 S 51st St 1 Unit Apartment Building $603,921 CAD ($603,921 CAD/Unit) 5.46% Cap Rate Phoenix, AZ 85044

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INVESTMENT HIGHLIGHTS

  • Robust rental demand
  • Privacy
  • On the golf course

EXECUTIVE SUMMARY

Pristine & immaculate 2 bed, 3 bath, 1 car garage townhome is move-in ready & located in desirable Pointe South Mountain, right on the golf course! Property boasts an abundance of privacy w/ private gated yard. The townhome is nicely painted & features new flooring, high ceilings, & large windows with stunning views & fireplace for added comfort & ambiance. The master bedroom suite is spacious & offers a private balcony. Additionally, bonus area that can be utilized as an office. All newer appliances are included, water, sewer & garbage services are also included in the rent. Residents will have access to community amenities such as a heated pool, walking & biking paths, an open park, & a golf course. Property is currently leased to 4/08/26.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $41,355 $6.45
Other Income - -
Vacancy Loss - -
Effective Gross Income $41,355 $6.45
Taxes $2,632 $0.41
Operating Expenses $6,203 $0.97
Total Expenses $8,835 $1.38
Net Operating Income $32,520 $5.07

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $41,355
Annual Per SF $6.45
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $41,355
Annual Per SF $6.45
Taxes (CAD)
Annual $2,632
Annual Per SF $0.41
Operating Expenses (CAD)
Annual $6,203
Annual Per SF $0.97
Total Expenses (CAD)
Annual $8,835
Annual Per SF $1.38
Net Operating Income (CAD)
Annual $32,520
Annual Per SF $5.07

PROPERTY FACTS

Price $603,921 CAD
Price Per Unit $603,921 CAD
Sale Type Investment
Cap Rate 5.46%
Sale Conditions
Ground Lease (Leasehold)
  • Ground Lease (Leased Fee)
Gross Rent Multiplier 14.35
No. Units 1
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.45 AC
Building Size 6,409 SF
Average Occupancy 100%
No. Stories 2
Year Built 1993
Zoning (04-02) RENTAL RESIDENTIA - Residential

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Crown Molding
  • Double Vanities
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Vaulted Ceiling
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Range
  • Views
  • Walk-In Closets
  • Yard
  • Breakfast Nook
  • Dining Room
  • Double Pane Windows
  • Island Kitchen
  • Lawn
  • Pantry
  • Patio
  • Warming Drawer
  • Large Bedrooms

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Public Transportation
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
301-13-799
Land Assessment
$69 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$69 CAD (2025)
Annual Taxes
$2,632 CAD ($0.41 CAD/SF)
Tax Year
2024
  • Listing ID: 36954892

  • Date on Market: 2025-07-28

  • Last Updated:

  • Address: 8805 S 51st St, Phoenix, AZ 85044

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