Furnished Residential Income
For Sale
$324,900
14145 N 92ND Street 2077, Scottsdale, AZ 85260
Remodeled condominium with furnished interiors, split-bedroom placement, wood flooring, and a fireplace.
Property Size1,034 SF
Days on Market48
Property Features for 14145 N 92ND Street 2077
General Information
Standard status
Active
Size
1,034 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$952
Building Details
Building Size
1,034 SF
Year Built
1988
Listing Agency:
Real Broker
(561) 269-9525
Listed By:
Sophia J Willets · License #BR64886600
(561) 269-9525
Source:
Alexiabertsatos
Added: Jun 26
Changed: Aug 9
Last Checked: Aug 11 at 12:28PM
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
Investment Insights
Based on property information with market context.
This remodeled condominium at Allison Condominiums is offered fully furnished and features a two-bedroom, two-bathroom layout. The interior combines wood flooring with warm finishes and a fireplace, creating a comfortable residential setting. Bedroom placement is split between levels, with one bedroom on the main floor and the other upstairs.
Built in 1988, the residence also includes access to resort-style amenities as part of the condominium setting. Its furnished condition and flexible bedroom arrangement support a range of residential income property strategies, while also accommodating owner occupancy.
Built in 1988, the residence also includes access to resort-style amenities as part of the condominium setting. Its furnished condition and flexible bedroom arrangement support a range of residential income property strategies, while also accommodating owner occupancy.
Key Highlights
- Fully furnished, remodeled condominium at Allison Condominiums
- Two‑bedroom, two‑bathroom floor plan
- Split‑bedroom arrangement with one bedroom on each level
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,964
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,280
$239.3K
Cap Rate 7%
$170,914
$170.9K
Cap Rate 9%
$132,933
$132.9K
Market Conditions
NOI Build-Up for 1,034 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.7K $21.96/SF
− Vacancy
−$954 −$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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,280
Cap Rate 7%
$170,914
Cap Rate 9%
$132,933
Alternative Uses
Best Use
Apartment 5plus
$170.9K
$149.6K – $199.4K
NOI $11,964 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$339.4K
$297.0K – $396.0K
NOI $23,760 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,842
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Remodeled condominium with furnished interiors, split-bedroom placement, wood flooring, and a fireplace.
Where is this residential income property located?
The property is located at 14145 N 92ND Street 2077 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Fully furnished, remodeled condominium at Allison Condominiums; Two‑bedroom, two‑bathroom floor plan; Split‑bedroom arrangement with one bedroom on each level
