Residential Income
For Sale
$585,000
19700 N 76TH Street #2115, Scottsdale, AZ 85255
A gated Scottsdale residence permits rentals, with the HOA covering roof, exterior maintenance, and water.
Property Size1,843 SF
Price / SF$317.42
Days on Market21
Property Features for 19700 N 76TH Street #2115
General Information
Standard status
Active
Size
1,843 SF
Property subtype
Apartment
Amenities
gated community
community pool & spa areas
fitness facility
Building Details
Year Built
2003
Listing Agency:
Arizona Best Real Estate
(602) 993-0024
Listed By:
Apryle Borst · License #SA687682000
(602) 574-1496
Source:
Mezateam
Added: Oct 12
Changed: Oct 30
Last Checked: Oct 30 at 2:10AM
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 Arizona Best Real Estate
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Investment Insights
Based on property information with market context.
Built in 2003, this residence is within the gated Villages at Grayhawk community. Rentals are permitted, and the HOA covers the roof, exterior maintenance, and water.
Residents have access to three community pool and spa areas and a fitness facility. Nearby recreation includes parks with tennis, basketball, sand volleyball, sports fields, playgrounds, and a dog park; golf, trails, shopping, dining, and everyday services are also close by.
Residents have access to three community pool and spa areas and a fitness facility. Nearby recreation includes parks with tennis, basketball, sand volleyball, sports fields, playgrounds, and a dog park; golf, trails, shopping, dining, and everyday services are also close by.
Key Highlights
- Gated Villages at Grayhawk community in Scottsdale
- Built in 2003
- Rentals are permitted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,325
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,500
$426.5K
Cap Rate 7%
$304,643
$304.6K
Cap Rate 9%
$236,944
$236.9K
Market Conditions
NOI Build-Up for 1,843 SF
Gross rent
$40.5K $21.96/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$38.8K $21.04/SF
− OpEx
−$17.4K −$9.47/SF
NOI
$21.3K $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%
$426,500
Cap Rate 7%
$304,643
Cap Rate 9%
$236,944
Alternative Uses
Best Use
Apartment 5plus
$304.6K
$266.6K – $355.4K
NOI $21,325 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$605.0K
$529.4K – $705.8K
NOI $42,350 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
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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 - A gated Scottsdale residence permits rentals, with the HOA covering roof, exterior maintenance, and water.
Where is this residential income property located?
The property is located at 19700 N 76TH Street #2115 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Gated Villages at Grayhawk community in Scottsdale; Built in 2003; Rentals are permitted
