1935 E Joy Ranch Rd - Specialty FOR SALE


Phoenix, AZ 85086- North Gateway
$1,399,000 USD
602-809-2890
1935 E Joy Ranch Rd, Phoenix, AZ for Sale
$1,399,000 USD
Specialty - FOR SALE
1/64
null | Request Cap Rate

Apr '26


1935 E Joy Ranch Rd
Phoenix, AZ 85086
North Gateway


OVERVIEW

Price reduction from $1,499,000. An income property or owner user, all on a 90,823 Sq Ft lot* *The 3,375 Sq Ft Main House is the most architecturally interesting home and floor plan you have ever seen and has four bedrooms 2.5 baths on three levels and is occupied by the owner* *There is a relaxing Pool and Patio plus an 839 Sq Ft Guest Quarters that at one time was a garage and is leased at $1,850/Month lease ending October 2026* *The third structure is a massive 5,095 Sq Ft metal garage/workshop with office, bath and double RV configured doors on the front side. This workshop is currently rented to a cabinet shop at $4,200/Month (plus $650/Month utilities) under a lease ending October 2026* *An owner has three choices: 1) own the property as an income producing property with the following rent projections - house will rent for $3,000/Month - the guest house will rent for $2,000/Month- and the garage/workshop will rent for $5,600/Month - total projected rents $10,600/Month or $127,200/Year* * The expenses are Insurance $3,200, R. E. Taxes $5,390, Maintenance $2,800, Utilities $12,000 and 5% vacancy $6,360 - $29,500/Year. NOI $97,700. Projected Cap Rate 7%: 2) Live in the home and rent the guest house and rent the garage/workshop; 3) Live in a very interesting home with guest house and have a great garage/workshop.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

-

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,823 SF

ZONING

R-43

APN/PARCEL ID

211-69-132C

ASK ABOUT THIS PROPERTY

Jim McCabeFathom Realty EliteMore Info
602-809-2890

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Jim McCabeFathom Realty EliteMore Info
602-809-2890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.