Residential Income Property with
For Sale
$260,000
15095 N THOMPSON PEAK Parkway 1068, Scottsdale, AZ 85260
Ground-level, two-bedroom residence includes in-unit laundry and a fireplace in the primary suite.
Property Size924 SF
Price / SF$281.39
Days on Market15
Property Features for 15095 N THOMPSON PEAK Parkway 1068
General Information
Standard status
Active
Size
924 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
rehab opportunity
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$903
Amenities
in-unit laundry
two covered patios
fireplace
pool
spa
fitness center
clubhouse
Building Details
Building Size
924 SF
Year Built
1995
Listing Agency:
HomeSmart
Listed By:
Sarah Wiltshire
(480) 652-2501
Source:
Bvoluxury
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 26 at 3:38PM
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 924-square-foot, ground-floor residence was built in 1995 and has two bedrooms, one bathroom, and an open floor plan. Interior features include granite kitchen counters, in-unit laundry, and a fireplace in the primary suite; two covered patios extend the living area. The property is offered as-is, with the sale subject to court approval.
The community has two pools and spas, a fitness center, a clubhouse, and landscaped grounds. Short-term rentals are allowed subject to HOA requirements. Loop 101, McDowell Mountain Preserve, WestWorld, TPC Scottsdale, golf, hiking, shopping, and dining are described as minutes away.
The community has two pools and spas, a fitness center, a clubhouse, and landscaped grounds. Short-term rentals are allowed subject to HOA requirements. Loop 101, McDowell Mountain Preserve, WestWorld, TPC Scottsdale, golf, hiking, shopping, and dining are described as minutes away.
Key Highlights
- 924‑square‑foot, ground‑floor residence with 2 bedrooms and 1 bathroom
- Open floor plan, granite kitchen counters, and in‑unit laundry
- Two covered patios and a fireplace in the primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,691
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,820
$213.8K
Cap Rate 7%
$152,729
$152.7K
Cap Rate 9%
$118,789
$118.8K
Market Conditions
NOI Build-Up for 924 SF
Gross rent
$20.3K $21.96/SF
− Vacancy
−$852 −$0.92/SF
EGI
$19.4K $21.04/SF
− OpEx
−$8.7K −$9.47/SF
NOI
$10.7K $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%
$213,820
Cap Rate 7%
$152,729
Cap Rate 9%
$118,789
Alternative Uses
Best Use
Apartment 5plus
$152.7K
$133.6K – $178.2K
NOI $10,691 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$303.3K
$265.4K – $353.9K
NOI $21,233 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,019
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level, two-bedroom residence includes in-unit laundry and a fireplace in the primary suite.
Where is this residential income property located?
The property is located at 15095 N THOMPSON PEAK Parkway 1068 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 924‑square‑foot, ground‑floor residence with 2 bedrooms and 1 bathroom; Open floor plan, granite kitchen counters, and in‑unit laundry; Two covered patios and a fireplace in the primary suite
