Ground-Floor Residential Income
For Sale
$379,000
16801 N 94TH Street #1063, Scottsdale, AZ 85260
Two-bedroom condo offers split bedrooms, two full bathrooms, and a covered patio.
Property Size1,298 SF
Days on Market235
Property Features for 16801 N 94TH Street #1063
General Information
Standard status
Active
Size
1,298 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
gated community
community pool/spa
covered patio
in-unit washer/dryer
stainless steel appliances
Building Details
Building Size
1,298 SF
Year Built
2002
Stories
2
Listing Agency:
Realty ONE Group
Listed By:
Karen Speight
(602) 670-9244
Source:
Speropagos.kw
Added: Mar 14
Changed: Oct 30
Last Checked: Nov 3 at 3:08AM
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 Realty ONE Group
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Investment Insights
Based on property information with market context.
Built in 2002, this ground-floor condominium has 2 split bedrooms and 2 full bathrooms with no interior steps. The kitchen includes extensive cabinetry, a stacked washer and dryer, stainless steel appliances, and an eat-in nook, opening directly to a large great room. The primary suite features dual sinks, a walk-in closet, and sliding access to the covered patio.
The residence is within a gated community with walking access to a pool, spa, and McDowell Mountain Trails. Loop 101, restaurants, shops, WestWorld, Bell94 Sports Complex, the Ice Den, Mountainside Fitness, and 18 Degree Bar & Grill are located nearby. HOA rules prohibit leases shorter than 30 days.
The residence is within a gated community with walking access to a pool, spa, and McDowell Mountain Trails. Loop 101, restaurants, shops, WestWorld, Bell94 Sports Complex, the Ice Den, Mountainside Fitness, and 18 Degree Bar & Grill are located nearby. HOA rules prohibit leases shorter than 30 days.
Key Highlights
- Ground‑floor condo with no interior steps
- 2 split bedrooms and 2 full bathrooms
- Kitchen with stacked W/D, S/S appliances, cabinetry, and eat‑in nook
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,019
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,380
$300.4K
Cap Rate 7%
$214,557
$214.6K
Cap Rate 9%
$166,878
$166.9K
Market Conditions
NOI Build-Up for 1,298 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%
$300,380
Cap Rate 7%
$214,557
Cap Rate 9%
$166,878
Alternative Uses
Best Use
Apartment 5plus
$214.6K
$187.7K – $250.3K
NOI $15,019 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$426.1K
$372.8K – $497.1K
NOI $29,827 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Two-bedroom condo offers split bedrooms, two full bathrooms, and a covered patio.
Where is this residential income property located?
The property is located at 16801 N 94TH Street #1063 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Ground‑floor condo with no interior steps; 2 split bedrooms and 2 full bathrooms; Kitchen with stacked W/D, S/S appliances, cabinetry, and eat‑in nook
