2-Bedroom Residential Income
For Sale
$319,900
11011 N 92nd St #2091, Scottsdale, AZ 85260
Upstairs condominium with ensuite bedrooms, private balconies, and access to gated community amenities.
Property Size1,143 SF
Price / SF$279.88
Days on Market43
Property Features for 11011 N 92nd St #2091
General Information
Standard status
Active
Size
1,143 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
gated community
fireplace
private balconies
in-unit laundry
walk-in closets
clubhouse
fitness center
social hall
heated community pool
spa
pickleball courts
Building Details
Year Built
1987
Listing Agency:
Realty Executives Arizona Territory
(602) 755-8556
Listed By:
Cook & Associates Real Estate Advisors
(480) 442-9868
Source:
Viewarizonahomesforsale
Added: Sep 21
Changed: Nov 1
Last Checked: Nov 1 at 4:59AM
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 Realty Executives Arizona Territory
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Investment Insights
Based on property information with market context.
This 1,143-square-foot upstairs condominium in a gated community includes 2 bedrooms and 2 full bathrooms. Both bedrooms are ensuite and feature walk-in closets and balcony access. The interior offers vaulted ceilings, a fireplace, a galley kitchen opening to the great room, and an indoor laundry area with a full-size washer and dryer. Two balconies provide outdoor space, with the rear balcony also offering a storage closet. Recent improvements include carpeting, fixtures, ceiling fans, and HVAC equipment.
The property is located at 11011 N 92nd St #2091 in Scottsdale, Arizona, near HonorHealth and the Loop 101 Freeway. La Contessa amenities include a fitness center, social hall, heated pool, spa, pickleball courts, and clubhouse facilities with showers and dressing areas. The unit includes a covered one-car carport and open guest parking. Exterior painting and roof replacement have been completed, with related assessments paid.
The property is located at 11011 N 92nd St #2091 in Scottsdale, Arizona, near HonorHealth and the Loop 101 Freeway. La Contessa amenities include a fitness center, social hall, heated pool, spa, pickleball courts, and clubhouse facilities with showers and dressing areas. The unit includes a covered one-car carport and open guest parking. Exterior painting and roof replacement have been completed, with related assessments paid.
Key Highlights
- 2‑bedroom, 2‑bath upstairs condominium with 1,143 SF
- Two ensuite bedrooms with walk‑in closets and balcony access
- Two private balconies, including rear outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,225
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,500
$264.5K
Cap Rate 7%
$188,929
$188.9K
Cap Rate 9%
$146,944
$146.9K
Market Conditions
NOI Build-Up for 1,143 SF
Gross rent
$25.1K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$24.0K $21.04/SF
− OpEx
−$10.8K −$9.47/SF
NOI
$13.2K $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%
$264,500
Cap Rate 7%
$188,929
Cap Rate 9%
$146,944
Alternative Uses
Best Use
Apartment 5plus
$188.9K
$165.3K – $220.4K
NOI $13,225 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$375.2K
$328.3K – $437.8K
NOI $26,265 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,545
Businesses Nearby
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Business Placement
Demographics for 85260, AZ
37,967
Population
21,072
Households
1.8
Avg Household Size
47
Median Age
59%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,674
Density / Sq Mi
$103,854
Median Household Income
$62,835
Median Earnings
$1,969
Median Rent
$637,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Upstairs condominium with ensuite bedrooms, private balconies, and access to gated community amenities.
Where is this residential income property located?
The property is located at 11011 N 92nd St #2091 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath upstairs condominium with 1,143 SF; Two ensuite bedrooms with walk‑in closets and balcony access; Two private balconies, including rear outdoor storage
