Two-Bedroom
New
For Sale
$342,500
16801 N 94th Street #2022, Scottsdale, AZ 85260
The private patio faces the community pool, adding an outdoor feature to this Scottsdale residence.
Property Size1,119 SF
Price / SF$306.08
Days on Market1
Property Features for 16801 N 94th Street #2022
General Information
Standard status
Active
Size
1,119 SF
Property subtype
Apartment
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,189
Amenities
private patio
community pool
Full Bth Master Bdrm
Double Vanity
Eat-in Kitchen
Laminate Counters
High Speed Internet
No Interior Steps
Building Details
Building Size
1,119 SF
Year Built
2001
Stories
2
Listing Agency:
RETSY
(602) 842-0000
Listed By:
Alex Smith · License #SA653775000
(480) 459-7111
Source:
Azonlinerealty
Added: Nov 2
Last Checked: Nov 2 at 1:54PM
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 RETSY
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Investment Insights
Based on property information with market context.
This 1,119-square-foot condominium in Salida del Sol has two bedrooms and two bathrooms, with a layout that includes a private patio. The residence was built in 2001, and the patio looks toward the community pool.
The property is located in Scottsdale, near shopping, dining, and golf. Its two-bedroom configuration and patio provide the defining features of the residence.
The property is located in Scottsdale, near shopping, dining, and golf. Its two-bedroom configuration and patio provide the defining features of the residence.
Key Highlights
- Two bedrooms and two bathrooms
- 1,119 square feet
- Private patio oriented toward the community pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,948
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,960
$259.0K
Cap Rate 7%
$184,971
$185.0K
Cap Rate 9%
$143,867
$143.9K
Market Conditions
NOI Build-Up for 1,119 SF
Gross rent
$24.6K $21.96/SF
− Vacancy
−$1.0K −$0.92/SF
EGI
$23.5K $21.04/SF
− OpEx
−$10.6K −$9.47/SF
NOI
$12.9K $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%
$258,960
Cap Rate 7%
$184,971
Cap Rate 9%
$143,867
Alternative Uses
Best Use
Apartment 5plus
$185.0K
$161.9K – $215.8K
NOI $12,948 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$367.3K
$321.4K – $428.6K
NOI $25,714 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
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 - The private patio faces the community pool, adding an outdoor feature to this Scottsdale residence.
Where is this residential income property located?
The property is located at 16801 N 94th Street #2022 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $342,500.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; 1,119 square feet; Private patio oriented toward the community pool
