Furnished One-Bedroom
For Sale
$314,900
20100 N 78TH Place 2014, Scottsdale, AZ 85255
Interior updates, included furnishings, in-unit laundry, and two separate parking options support a ready-to-use setup.
Property Size904 SF
Price / SF$348.34
Days on Market65
Property Features for 20100 N 78TH Place 2014
General Information
Standard status
Active
Size
904 SF
Total Parking Spaces
2
Property subtype
Apartment
Additional Details
Furnished
Yes
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,209
Amenities
heated pools and spas
fitness center
clubhouse
theater
billiards
concierge services
in-unit laundry
Building Details
Building Size
904 SF
Year Built
2001
Listing Agency:
Keller Williams Integrity First Realty
Listed By:
Judah Kelly
(202) 210-3380
Source:
Luxuryhomesdesertmountain
Added: Aug 14
Changed: Oct 15
Last Checked: Oct 16 at 5:30PM
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 Keller Williams Integrity First Realty
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Investment Insights
Based on property information with market context.
This 904-square-foot, one-bedroom residence was built in 2001 and is offered with furnishings, decor, and accessories. The open layout connects the kitchen with the living and dining areas. Kitchen features include white cabinetry, quartz counters, stainless steel appliances, and a tile backsplash; the bathroom has updated cabinetry, a quartz counter, and a tiled tub and shower surround. In-unit laundry and updated flooring are also included. Parking consists of a dedicated garage and an assigned covered space.
The home is within the gated Edge at Grayhawk community, where shared amenities include heated pools and spas, a fitness center, clubhouse, theater, billiards, and concierge services. The property is near golf, hiking and biking, dining, shopping, and entertainment, with access to Loop 101 and proximity to Mayo Clinic.
The home is within the gated Edge at Grayhawk community, where shared amenities include heated pools and spas, a fitness center, clubhouse, theater, billiards, and concierge services. The property is near golf, hiking and biking, dining, shopping, and entertainment, with access to Loop 101 and proximity to Mayo Clinic.
Key Highlights
- 904‑square‑foot one‑bedroom residence, built in 2001
- Furnishings, decor, and accessories included with the sale
- Dedicated garage plus one assigned covered parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,460
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,200
$209.2K
Cap Rate 7%
$149,429
$149.4K
Cap Rate 9%
$116,222
$116.2K
Market Conditions
NOI Build-Up for 904 SF
Gross rent
$19.9K $21.96/SF
− Vacancy
−$834 −$0.92/SF
EGI
$19.0K $21.04/SF
− OpEx
−$8.6K −$9.47/SF
NOI
$10.5K $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%
$209,200
Cap Rate 7%
$149,429
Cap Rate 9%
$116,222
Alternative Uses
Best Use
Apartment 5plus
$149.4K
$130.8K – $174.3K
NOI $10,460 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$296.8K
$259.7K – $346.2K
NOI $20,773 @ 7.0% cap · market cap 6.60%
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
413
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Interior updates, included furnishings, in-unit laundry, and two separate parking options support a ready-to-use setup.
Where is this residential income property located?
The property is located at 20100 N 78TH Place 2014 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: 904‑square‑foot one‑bedroom residence, built in 2001; Furnishings, decor, and accessories included with the sale; Dedicated garage plus one assigned covered parking space
