Two-Bedroom
New
For Sale
$325,000
11375 E SAHUARO Drive 1041, Scottsdale, AZ 85259
Ground-level residence with an east-facing patio and assigned covered parking.
Property Size1,037 SF
Days on Market4
Property Features for 11375 E SAHUARO Drive 1041
General Information
Standard status
Active
Size
1,037 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$890
Amenities
heated pool
spa
ramada area
gas BBQ grills
community fitness center
steam room
billiards/lounge area
Building Details
Building Size
1,037 SF
Year Built
1996
Listing Agency:
Real Broker
Listed By:
Len Smith
(480) 748-1313
Source:
Alexiabertsatos
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 25 at 2:36AM
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 Real Broker
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Investment Insights
Based on property information with market context.
Built in 1996, this ground-level condominium has two bedrooms and two bathrooms in an open-concept layout. The bedrooms are split, and each has a walk-in closet. An east-facing patio and assigned covered parking are included; the HVAC system has been updated.
Community amenities include a heated pool and spa, fitness center, steam room, billiards and lounge area, ramada, and gas grills. The landscaped grounds are in North Scottsdale, with dining, shopping, golf, and nightlife options nearby.
Community amenities include a heated pool and spa, fitness center, steam room, billiards and lounge area, ramada, and gas grills. The landscaped grounds are in North Scottsdale, with dining, shopping, golf, and nightlife options nearby.
Key Highlights
- Two bedrooms and two bathrooms in a split‑bedroom layout
- Ground‑level residence with an east‑facing patio
- Walk‑in closet in each bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,999
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,980
$240.0K
Cap Rate 7%
$171,414
$171.4K
Cap Rate 9%
$133,322
$133.3K
Market Conditions
NOI Build-Up for 1,037 SF
Gross rent
$22.8K $21.96/SF
− Vacancy
−$956 −$0.92/SF
EGI
$21.8K $21.04/SF
− OpEx
−$9.8K −$9.47/SF
NOI
$12.0K $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%
$239,980
Cap Rate 7%
$171,414
Cap Rate 9%
$133,322
Alternative Uses
Best Use
Apartment 5plus
$171.4K
$150.0K – $200.0K
NOI $11,999 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$340.4K
$297.9K – $397.2K
NOI $23,829 @ 7.0% cap · market cap 7.33%
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
768
Businesses Nearby
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Business Placement
Demographics for 85259, AZ
22,548
Population
10,864
Households
2.1
Avg Household Size
51
Median Age
69%
College-Educated
99%
High-School Grad
20.7 sq mi
ZIP Area
1,089
Density / Sq Mi
$145,574
Median Household Income
$80,502
Median Earnings
$1,769
Median Rent
$956,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level residence with an east-facing patio and assigned covered parking.
Where is this residential income property located?
The property is located at 11375 E SAHUARO Drive 1041 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in a split‑bedroom layout; Ground‑level residence with an east‑facing patio; Walk‑in closet in each bedroom
