Three-Bedroom Residential Income
For Sale
$447,000
16801 N 94TH Street 1005, Scottsdale, AZ 85260
Ground-level living provides step-free interior access and two covered patios.
Property Size1,539 SF
Days on Market20
Property Features for 16801 N 94TH Street 1005
General Information
Standard status
Active
Size
1,539 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,381
Amenities
covered patio
gated community
Building Details
Building Size
1,539 SF
Year Built
2001
Listing Agency:
HomeSmart
Listed By:
Tammy Haskell
(607) 426-1332
Source:
Jcluxuryresidential
Added: Oct 15
Changed: Oct 31
Last Checked: Nov 1 at 2:14PM
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 Scottsdale residence contains more than 1,500 square feet, with three bedrooms arranged in a split layout. The ground-floor unit has no interior steps, an open connection between the kitchen and living area, and two covered patios. The building dates to 2001. Furnishings are negotiable.
The gated community is near the McDowell Mountains and DC Ranch. Regional destinations cited include WestWorld, TPC Scottsdale, Loop 101, Kierland Commons, Salt River Fields and Talking Stick Resort. Hiking and biking trails in the McDowell Sonoran Preserve are also nearby.
The gated community is near the McDowell Mountains and DC Ranch. Regional destinations cited include WestWorld, TPC Scottsdale, Loop 101, Kierland Commons, Salt River Fields and Talking Stick Resort. Hiking and biking trails in the McDowell Sonoran Preserve are also nearby.
Key Highlights
- Three‑bedroom residence with more than 1,500 square feet
- Ground‑level unit with no interior steps
- Split‑bedroom arrangement and open kitchen‑to‑living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,807
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,140
$356.1K
Cap Rate 7%
$254,386
$254.4K
Cap Rate 9%
$197,856
$197.9K
Market Conditions
NOI Build-Up for 1,539 SF
Gross rent
$33.8K $21.96/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$32.4K $21.04/SF
− OpEx
−$14.6K −$9.47/SF
NOI
$17.8K $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%
$356,140
Cap Rate 7%
$254,386
Cap Rate 9%
$197,856
Alternative Uses
Best Use
Apartment 5plus
$254.4K
$222.6K – $296.8K
NOI $17,807 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$505.2K
$442.1K – $589.4K
NOI $35,365 @ 7.0% cap · market cap 7.91%
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
1,138
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 - Ground-level living provides step-free interior access and two covered patios.
Where is this residential income property located?
The property is located at 16801 N 94TH Street 1005 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $447,000.
What are key features of this property?
This property features: Three‑bedroom residence with more than 1,500 square feet; Ground‑level unit with no interior steps; Split‑bedroom arrangement and open kitchen‑to‑living area
