Top-Floor Residential Income
For Sale
$485,000
Pending
14000 N 94th St #3201, Scottsdale, AZ 85260
Furnished two-bedroom condo with an office, vaulted ceilings, and extensive interior updates.
Property Size1,603 SF
Days on Market20
Property Features for 14000 N 94th St #3201
General Information
Standard status
Pending
Size
1,603 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA+office
Multifamily Units
1
Additional Details
Furnished
Yes
Building Details
Year Built
2002
Buildings
1
Listing Agency:
White Mountain Scenic Real Estate
(602) 615-5870
Listed By:
Thompson Shepherd Group
(480) 418-1838
Source:
Thompsonshepherdgroup
Added: Sep 18
Changed: Oct 7
Last Checked: Oct 7 at 12:09PM
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 White Mountain Scenic Real Estate
Investment Insights
Based on property information with market context.
This 1,603-square-foot, top-floor condominium includes two bedrooms, an office, two full bathrooms, and an open arrangement connecting the living room, dining area, kitchen, and den. Vaulted ceilings, one shared wall, and east, north, and west exposures define the interior, while the furnished residence is positioned for immediate occupancy. Improvements include stainless steel appliances, a combination washer and dryer, a replaced HVAC system, updated windows and sliding door, granite countertops, new faucets, refreshed bathroom lighting and mirrors, recent paint, and a refurbished patio deck.
Built in 2002, the property is located at 14000 N 94th St #3201 in Scottsdale. The community is minutes from WestWorld, multiple golf courses including TPC, and Scottsdale entertainment and dining destinations.
Built in 2002, the property is located at 14000 N 94th St #3201 in Scottsdale. The community is minutes from WestWorld, multiple golf courses including TPC, and Scottsdale entertainment and dining destinations.
Key Highlights
- 1,603‑square‑foot top‑floor condominium with two bedrooms, an office, and two full bathrooms
- East, north, and west exposures provide panoramic views
- Open living, dining, kitchen, and den layout with vaulted ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,548
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,960
$371.0K
Cap Rate 7%
$264,971
$265.0K
Cap Rate 9%
$206,089
$206.1K
Market Conditions
NOI Build-Up for 1,603 SF
Gross rent
$35.2K $21.96/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$33.7K $21.04/SF
− OpEx
−$15.2K −$9.47/SF
NOI
$18.5K $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%
$370,960
Cap Rate 7%
$264,971
Cap Rate 9%
$206,089
Alternative Uses
Best Use
Apartment 5plus
$265.0K
$231.9K – $309.1K
NOI $18,548 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$526.2K
$460.4K – $613.9K
NOI $36,835 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
986
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 - Furnished two-bedroom condo with an office, vaulted ceilings, and extensive interior updates.
Where is this residential income property located?
The property is located at 14000 N 94th St #3201 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1,603‑square‑foot top‑floor condominium with two bedrooms, an office, and two full bathrooms; East, north, and west exposures provide panoramic views; Open living, dining, kitchen, and den layout with vaulted ceilings
