Residential Income Property with
10101 N Arabian Trail #2020, Scottsdale, AZ 85258
For Sale
New
$320,000
The one-bedroom residence includes a private balcony, fireplace, and access to community pools, a fitness center, and tennis courts.
Property Size819 SF
Price / SF$390.72
Days on Market4
Property Features for 10101 N Arabian Trail #2020
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
fitness center
tennis courts
3/4 Bath Master Bdrm
Pantry
Laminate Counters
High Speed Internet
No Interior Steps
Balcony
Building Details
Building Size
Year Built
Stories
Listing Agency:
Citiea
(480) 870-3119
Listed By:
Stacey Mayes · License AZ SA540709000
(480) 216-8154
Source:
Justsellingaz
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 5:03PM
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 Citiea
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Investment Insights
Based on property information with market context.
This 819-square-foot, one-bedroom condo was built in 1990 and includes a private one-car garage and balcony. Interior features include plantation shutters, a fireplace, ceiling fans, plank flooring, and an updated kitchen with stainless steel appliances, recessed lighting, and ample cabinetry. Improvements include a replacement HVAC system, refreshed bathroom with a glass shower door, new full-size washer and dryer, updated lighting, and interior paint.
The residence is in Casabella at McCormick Ranch in Scottsdale. Community amenities include pools, a fitness center, and tennis courts. Nearby area features include greenbelts and walking and biking trails, with shopping and dining in Scottsdale also noted.
The residence is in Casabella at McCormick Ranch in Scottsdale. Community amenities include pools, a fitness center, and tennis courts. Nearby area features include greenbelts and walking and biking trails, with shopping and dining in Scottsdale also noted.
Key Highlights
- One‑bedroom condo with 819 square feet
- Private one‑car garage and balcony
- HVAC system replaced; bathroom updated with glass shower door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,476
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,520
$189.5K
Cap Rate 7%
$135,371
$135.4K
Cap Rate 9%
$105,289
$105.3K
Market Conditions
NOI Build-Up for 819 SF
Gross rent
$18.0K $21.96/SF
− Vacancy
−$755 −$0.92/SF
EGI
$17.2K $21.04/SF
− OpEx
−$7.8K −$9.47/SF
NOI
$9.5K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,520
Cap Rate 7%
$135,371
Cap Rate 9%
$105,289
Alternative Uses
Best Use
Apartment 5plus
$135.4K
$118.5K – $157.9K
NOI $9,476 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$268.9K
$235.3K – $313.7K
NOI $18,820 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,898
Businesses Nearby
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Business Placement
Demographics for 85258, AZ
25,203
Population
15,566
Households
1.6
Avg Household Size
55
Median Age
63%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
2,447
Density / Sq Mi
$105,171
Median Household Income
$68,184
Median Earnings
$1,945
Median Rent
$744,600
Median Home Value
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Market
Properties on Market for Residential income properties in Scottsdale
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom residence includes a private balcony, fireplace, and access to community pools, a fitness center, and tennis courts.
Where is this residential income property located?
The property is located at 10101 N Arabian Trail #2020 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: One‑bedroom condo with 819 square feet; Private one‑car garage and balcony; HVAC system replaced; bathroom updated with glass shower door
