Three-Bedroom Residential Income
New
For Sale
$447,000
16801 N 94th Street #1005, Scottsdale, AZ 85260
Ground-level layout pairs a split-bedroom plan with an open living and kitchen area.
Property Size1,539 SF
Price / SF$290.45
Days on Market3
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
gated community
2 covered patios
Full Bth Master Bdrm
Double Vanity
Granite Counters
High Speed Internet
Master Downstairs
9+ Flat Ceilings
No Interior Steps
Furnished(See Rmrks)
Building Details
Building Size
1,539 SF
Year Built
2001
Stories
1
Listing Agency:
J L Berry Company
Listed By:
Judy Berry-Daw · License #BR008876000
(602) 380-5171
Source:
Jlberrycompany
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:13AM
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 J L Berry Company
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Investment Insights
Based on property information with market context.
This 1,539-square-foot, three-bedroom condo is on the ground level and has no interior steps. Its split-bedroom arrangement separates the sleeping areas, while the living room and kitchen share an open layout. Two covered patios extend the living space outdoors. The residence was built in 2001.
The gated community is near the McDowell Mountains, DC Ranch, and the McDowell Sonoran Preserve, with hiking and biking trails in the preserve. Scottsdale destinations named nearby include WestWorld, TPC Scottsdale, Loop 101, Kierland Commons, Salt River Fields, and Talking Stick Resort.
The gated community is near the McDowell Mountains, DC Ranch, and the McDowell Sonoran Preserve, with hiking and biking trails in the preserve. Scottsdale destinations named nearby include WestWorld, TPC Scottsdale, Loop 101, Kierland Commons, Salt River Fields, and Talking Stick Resort.
Key Highlights
- 1,539‑square‑foot condo with three bedrooms
- Ground‑level residence with no interior steps
- Split‑bedroom layout and open living and kitchen 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?
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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 layout pairs a split-bedroom plan with an open living and kitchen area.
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: 1,539‑square‑foot condo with three bedrooms; Ground‑level residence with no interior steps; Split‑bedroom layout and open living and kitchen area
