12925 W GREENWAY Road 61, El Mirage, AZ 85335, El Mirage, 85335 - 2 bed, 2 bath
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El Mirage, AZ 85335
Analysis of 12925 W GREENWAY Road 61, El Mirage, AZ 85335 is currently available with a list price of $465,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the El Mirage Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This property was built in 2023, placing it well within the 'newly built' category. The interior features modern, high-quality finishes including stainless steel appliances, contemporary white cabinetry, recessed lighting, and wood-look laminate flooring throughout. Both the kitchens and bathrooms reflect current design standards with no signs of wear or deferred maintenance. All major systems, including HVAC and electrical, are virtually new and meet modern building codes.
Built in 2023, this property offers the significant advantage of modern building codes and contemporary finishes, resulting in lower immediate maintenance costs for the owner.
The property is fully leased with multiple revenue streams, including two residential units and five rented garages, providing an established income from day one.
Residents have access to premium community features including a pool, workout room, and playground, which enhances tenant retention and justifies competitive rental rates.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1200, living area = 1200.
With a $320 monthly association fee and nearly $9,000 in annual operating costs, investors must carefully monitor margins to ensure the net return meets their targets.
The 1-bedroom, 650-square-foot floor plans may restrict the potential tenant pool to individuals or couples, limiting appeal to larger families or those needing home office space.
Great opportunity for a buyer who wants to occupy a unit and rent the other units OR Investor for all in the Village at Greenway apartment complex. Has great community pool, playground, workout room, and on-site management. Conveniently located next to a school. Built in 2022. Currently fully leased. There are two leased units and 5 leased garages. K101 is 1 bedroom 1 bath, 650 SF at $1,050.00 per month, K102 is 1 bedroom, 1 bath, 650 sf at $1,050.00 per month. The 5 garages are each rented for $75 per month. Operating costs: $8,976.13. Managed by MAXX PM, but owner may self-manage if desired.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 5% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,609 | 15% |
| Lot Size | 1,200 | 5,397 | 1% |
| Price | $465.0K | $330.0K | 99% |
| Price per sq ft | $388 | $208 | 99% |
| Built year | 2023 | 2002 | 99% |
| HOA | $320 | $73 | 99% |
| Days on market | 202 | 2445 | 16% |
Oct 2, 2025
$465,000
Initial Listing