Two-Bedroom Residential Income
11011 N 92nd St #2091, Scottsdale, AZ 85260
For Sale
$319,900
Upstairs gated-community condo with ensuite bedrooms, private balconies, updated interiors, and access to pool, spa, fitness, and pickleball amenities.
Property Size1,143 SF
Price / SF$279.88
Days on Market55
Property Features for 11011 N 92nd St #2091
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
clubhouse
fitness center
pool
spa
pickleball courts
Building Details
Year Built
Listing Agency:
Homesmart
(602) 230-7600
Listed By:
The Crouch Group
(623) 294-9492
Source:
Crouchgroupaz
Added: Sep 21
Changed: Nov 12
Last Checked: Nov 12 at 7:08AM
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 1,143-square-foot upstairs condominium includes two bedrooms and two full bathrooms, with each bedroom offering an ensuite bath, walk-in closet, and balcony access. The living area features vaulted ceilings and a fireplace, while the galley kitchen connects to the great room. A full-size washer and dryer, interior storage, newer HVAC, updated fixtures, fresh carpeting, and ceiling fans add practical functionality. The unit also includes two private balconies, an outdoor storage closet, and a covered one-car carport.
Located at 11011 N 92nd St #2091 in Scottsdale, the residence is within the gated La Contessa community. Shared amenities include a heated pool and spa, clubhouse, fitness center, social hall, pickleball courts, and open guest parking. Exterior painting and roof replacement have been completed, with associated assessments paid. The property is near HonorHealth, the Loop 101 Freeway, shopping, dining, and everyday services.
Located at 11011 N 92nd St #2091 in Scottsdale, the residence is within the gated La Contessa community. Shared amenities include a heated pool and spa, clubhouse, fitness center, social hall, pickleball courts, and open guest parking. Exterior painting and roof replacement have been completed, with associated assessments paid. The property is near HonorHealth, the Loop 101 Freeway, shopping, dining, and everyday services.
Key Highlights
- Two‑bedroom, two‑bath upstairs condo with 1,143 square feet
- Two private balconies, including one shared by the living room and Bedroom 1
- Both bedrooms feature ensuite baths and walk‑in closets
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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Property Analytics
Who owns this building?
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Open Analytics
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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Market
Properties on Market for Residential income properties in Scottsdale
Frequently Asked Questions
What type of property is this?
Residential income property - Upstairs gated-community condo with ensuite bedrooms, private balconies, updated interiors, and access to pool, spa, fitness, and pickleball 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: Two‑bedroom, two‑bath upstairs condo with 1,143 square feet; Two private balconies, including one shared by the living room and Bedroom 1; Both bedrooms feature ensuite baths and walk‑in closets
