Corner Residential Income
For Sale
$429,000
14000 N 94TH Street #2202, Scottsdale, AZ 85260
A refreshed corner residence features mountain views, a covered patio, and access to shared recreation and fitness amenities.
Property Size1,299 SF
Price / SF$330.25
Days on Market15
Property Features for 14000 N 94TH Street #2202
General Information
Standard status
Active
Size
1,299 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
separate laundry room
covered patio with storage
heated pools and spas
clubhouse
workout facility
gated entry
gated underground parking
community walking paths
beautiful landscaping
Building Details
Year Built
2002
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 28 at 4:37PM
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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
Based on property information with market context.
This 1,299-square-foot corner residence in the Bella Vista community was built in 2002. Interior features include wood-look flooring, granite countertops, stainless steel appliances, refreshed cabinetry, updated bathrooms, recessed lighting, and tall ceilings. The primary closet has been expanded, and the home also offers a separate laundry room and covered patio with storage. Mountain views are available from the primary bedroom and living room.
Community amenities include heated pools and spas, a clubhouse, workout facility, gated entry, gated underground parking, elevators, walking paths, and landscaped grounds. The property is described as having access to the Trolly, Kierland, Westward, golf, hiking, and dining.
Community amenities include heated pools and spas, a clubhouse, workout facility, gated entry, gated underground parking, elevators, walking paths, and landscaped grounds. The property is described as having access to the Trolly, Kierland, Westward, golf, hiking, and dining.
Key Highlights
- 1,299‑square‑foot corner residence in Bella Vista
- Built in 2002
- Mountain views from the primary bedroom and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,030
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,600
$300.6K
Cap Rate 7%
$214,714
$214.7K
Cap Rate 9%
$167,000
$167.0K
Market Conditions
NOI Build-Up for 1,299 SF
Gross rent
$28.5K $21.96/SF
− Vacancy
−$1.2K −$0.92/SF
EGI
$27.3K $21.04/SF
− OpEx
−$12.3K −$9.47/SF
NOI
$15.0K $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%
$300,600
Cap Rate 7%
$214,714
Cap Rate 9%
$167,000
Alternative Uses
Best Use
Apartment 5plus
$214.7K
$187.9K – $250.5K
NOI $15,030 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$426.4K
$373.1K – $497.5K
NOI $29,850 @ 7.0% cap · market cap 6.96%
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
986
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 - A refreshed corner residence features mountain views, a covered patio, and access to shared recreation and fitness amenities.
Where is this residential income property located?
The property is located at 14000 N 94TH Street #2202 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1,299‑square‑foot corner residence in Bella Vista; Built in 2002; Mountain views from the primary bedroom and living room
