Residential Income Property with
For Sale
$699,000
19700 N 76th St #1119, Scottsdale, AZ 85255
Updated ground-floor condominium with an open layout, covered patio, and access to extensive community amenities.
Property Size1,729 SF
Price / SF$404.28
Days on Market81
Property Features for 19700 N 76th St #1119
General Information
Standard status
Active
Size
1,729 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
pool
hot tub
fitness center
walking paths
Building Details
Year Built
2003
Listing Agency:
Homesmart
(602) 230-7600
Listed By:
House of AZ
(602) 353-7034
Source:
Houseofarizona
Added: Jul 28
Changed: Oct 16
Last Checked: Oct 16 at 8:22AM
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 updated ground-floor condominium at The Villages at Grayhawk provides 1,729 square feet with 2 bedrooms, 2 bathrooms, and a den. The interior includes hardwood floors, plantation shutters, a gas fireplace, and an open living arrangement. The kitchen has white cabinetry, quartz countertops, stainless steel appliances, a gas range, subway tile backsplash, and refreshed lighting and hardware. A covered patio faces the community’s desert landscaping, while the primary suite includes an en-suite bathroom with dual vanities, marble flooring, a walk-in shower, and a private water closet. The property also includes a large laundry room with added storage.
Built in 2003, the condominium is located at 19700 N 76th St #1119 in Scottsdale. Community amenities include three pools, two hot tubs, two fitness centers, walking paths, and landscaped green spaces. Grayhawk Golf Club, Scottsdale Quarter, Kierland Commons, TPC Scottsdale, Loop 101, dining, shopping, hiking, and entertainment are all identified as nearby destinations.
Built in 2003, the condominium is located at 19700 N 76th St #1119 in Scottsdale. Community amenities include three pools, two hot tubs, two fitness centers, walking paths, and landscaped green spaces. Grayhawk Golf Club, Scottsdale Quarter, Kierland Commons, TPC Scottsdale, Loop 101, dining, shopping, hiking, and entertainment are all identified as nearby destinations.
Key Highlights
- 1,729‑SF ground‑floor condominium with 2 bedrooms, 2 bathrooms, and a den
- Updated kitchen with quartz counters, stainless steel appliances, gas range, and subway tile backsplash
- Primary suite offers dual vanities, marble flooring, walk‑in shower, and private water closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,006
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,120
$400.1K
Cap Rate 7%
$285,800
$285.8K
Cap Rate 9%
$222,289
$222.3K
Market Conditions
NOI Build-Up for 1,729 SF
Gross rent
$38.0K $21.96/SF
− Vacancy
−$1.6K −$0.92/SF
EGI
$36.4K $21.04/SF
− OpEx
−$16.4K −$9.47/SF
NOI
$20.0K $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%
$400,120
Cap Rate 7%
$285,800
Cap Rate 9%
$222,289
Alternative Uses
Best Use
Apartment 5plus
$285.8K
$250.1K – $333.4K
NOI $20,006 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$567.6K
$496.6K – $662.2K
NOI $39,731 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 85255, AZ
44,976
Population
23,016
Households
2
Avg Household Size
51
Median Age
68%
College-Educated
98%
High-School Grad
88.2 sq mi
ZIP Area
510
Density / Sq Mi
$143,567
Median Household Income
$93,339
Median Earnings
$2,401
Median Rent
$975,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated ground-floor condominium with an open layout, covered patio, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 19700 N 76th St #1119 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,729‑SF ground‑floor condominium with 2 bedrooms, 2 bathrooms, and a den; Updated kitchen with quartz counters, stainless steel appliances, gas range, and subway tile backsplash; Primary suite offers dual vanities, marble flooring, walk‑in shower, and private water closet
