Two-Bedroom
10115 E Mountain View Road #2062, Scottsdale, AZ 85258
For Sale
$379,000
This gated-community residence combines a private balcony with access to a clubhouse, fitness center, pool, and spa.
Property Size1,076 SF
Price / SF$352.23
Days on Market71
Property Features for 10115 E Mountain View Road #2062
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
clubhouse
fitness center
pool
spa
guest parking
fireplace
private balcony
water feature
3/4 Bath Master Bdrm
Full Bth Master Bdrm
Breakfast Bar
Granite Counters
Non-laminate Counter
High Speed Internet
Upstairs
Vaulted Ceiling(s)
Balcony
Storage
Building Details
Building Size
Year Built
Stories
Listing Agency:
HomeSmart
(602) 230-7600
Listed By:
Leon Ray
(602) 920-0176
Source:
Azhomeseekers
Added: Aug 31
Changed: Nov 7
Last Checked: Nov 9 at 12:04PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This 1,076-square-foot condominium has two bedrooms and two bathrooms, with an open layout and vaulted ceilings. Interior finishes include travertine tile, cherry cabinetry, granite counters, and stainless steel appliances; a fireplace anchors the living area. The unit also includes a private balcony overlooking a water feature and an oversized garage with additional storage. The washer, dryer, and air conditioning system have been replaced. Built in 1984, the residence is part of a gated community with a clubhouse, fitness center, pool, spa, and guest parking.
The property is at 10115 E Mountain View Road in Scottsdale. Shopping, restaurants, and cafés are described as minutes away.
The property is at 10115 E Mountain View Road in Scottsdale. Shopping, restaurants, and cafés are described as minutes away.
Key Highlights
- Two bedrooms and two bathrooms in 1,076 square feet
- Private balcony faces a community water feature
- Oversized garage provides additional storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,450
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,000
$249.0K
Cap Rate 7%
$177,857
$177.9K
Cap Rate 9%
$138,333
$138.3K
Market Conditions
NOI Build-Up for 1,076 SF
Gross rent
$23.6K $21.96/SF
− Vacancy
−$992 −$0.92/SF
EGI
$22.6K $21.04/SF
− OpEx
−$10.2K −$9.47/SF
NOI
$12.5K $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%
$249,000
Cap Rate 7%
$177,857
Cap Rate 9%
$138,333
Alternative Uses
Best Use
Apartment 5plus
$177.9K
$155.6K – $207.5K
NOI $12,450 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$353.2K
$309.1K – $412.1K
NOI $24,725 @ 7.0% cap · market cap 6.52%
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
1,039
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 - This gated-community residence combines a private balcony with access to a clubhouse, fitness center, pool, and spa.
Where is this residential income property located?
The property is located at 10115 E Mountain View Road #2062 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,076 square feet; Private balcony faces a community water feature; Oversized garage provides additional storage space
