Two-Bedroom Residential Income
For Sale
$400,000
11011 N 92ND Street 1157, Scottsdale, AZ 85260
Second-floor unit in a gated community with updated appliances, in-unit laundry, and access to shared recreational amenities.
Property Size1,143 SF
Days on Market192
Property Features for 11011 N 92ND Street 1157
General Information
Standard status
Active
Size
1,143 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,208
Amenities
community pool
exercise area
gated community
fireplace
walk-out balcony
Building Details
Building Size
1,143 SF
Year Built
1985
Listing Agency:
EveryPlace
Listed By:
George Laughton · License #SA579470000
(623) 256-6510
Source:
Alexiabertsatos
Added: Mar 31
Changed: Oct 4
Last Checked: Oct 7 at 4:00PM
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 EveryPlace
Investment Insights
Based on property information with market context.
This second-floor residential income property offers two bedrooms and two baths within a gated community. The main living area includes a fireplace and opens to a walk-out balcony, while the primary bedroom also has balcony access, a walk-in closet, and a separate exit. The kitchen features newer stainless steel appliances, and a newer washer and dryer are included with the unit.
Community amenities include a pool and exercise area located steps from the residence. The property is near US 101, restaurants, shopping, and parks. Built in 1987, the unit combines a two-bedroom layout with in-unit appliances and outdoor living space.
Community amenities include a pool and exercise area located steps from the residence. The property is near US 101, restaurants, shopping, and parks. Built in 1987, the unit combines a two-bedroom layout with in-unit appliances and outdoor living space.
Key Highlights
- Two‑bedroom, two‑bath second‑floor unit
- Newer kitchen with stainless steel appliances
- Newer washer and dryer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,225
Cap Rate
3.31%
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 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$375.2K
$328.3K – $437.8K
NOI $26,265 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,545
Businesses Nearby
Explore this area
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 - Second-floor unit in a gated community with updated appliances, in-unit laundry, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 11011 N 92ND Street 1157 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath second‑floor unit; Newer kitchen with stainless steel appliances; Newer washer and dryer included
