Remodeled Residential Income
For Sale
$300,000
20100 N 78TH Place #2207, Scottsdale, AZ 85255
The second-floor home has a private patio, a walk-in closet, and updated interior finishes.
Property Size798 SF
Days on Market43
Property Features for 20100 N 78TH Place #2207
General Information
Standard status
Active
Size
798 SF
Property subtype
Apartment
Building Details
Building Size
798 SF
Year Built
2001
Stories
3
Listing Agency:
Russ Lyon Sotheby's International Realty
Listed By:
Alan M Zieder
(602) 692-7200
Source:
Vwolpert.kw
Added: Sep 4
Changed: Oct 15
Last Checked: Oct 16 at 5:51AM
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 Russ Lyon Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This second-floor residential income unit has one bedroom and one bathroom, with a private patio accessible from the bedroom. Interior updates include quartz counters, stainless steel appliances, refinished cabinets, new fixtures, fresh paint, and vinyl flooring. The building dates to 2001.
The unit is near the clubhouse and pool, with access to fitness centers, theaters, concierge service, and resident events. Kierland Commons and Scottsdale Quarter are nearby, as is the 101.
The unit is near the clubhouse and pool, with access to fitness centers, theaters, concierge service, and resident events. Kierland Commons and Scottsdale Quarter are nearby, as is the 101.
Key Highlights
- One‑bedroom, one‑bathroom residence on the second floor
- Renovated interior includes quartz counters, stainless appliances, refinished cabinets, new fixtures, fresh paint, and vinyl flooring
- Bedroom has walk‑in closet and access to a private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,233
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,660
$184.7K
Cap Rate 7%
$131,900
$131.9K
Cap Rate 9%
$102,589
$102.6K
Market Conditions
NOI Build-Up for 798 SF
Gross rent
$17.5K $21.96/SF
− Vacancy
−$736 −$0.92/SF
EGI
$16.8K $21.04/SF
− OpEx
−$7.6K −$9.47/SF
NOI
$9.2K $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%
$184,660
Cap Rate 7%
$131,900
Cap Rate 9%
$102,589
Alternative Uses
Best Use
Apartment 5plus
$131.9K
$115.4K – $153.9K
NOI $9,233 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$262.0K
$229.2K – $305.6K
NOI $18,337 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor home has a private patio, a walk-in closet, and updated interior finishes.
Where is this residential income property located?
The property is located at 20100 N 78TH Place #2207 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom residence on the second floor; Renovated interior includes quartz counters, stainless appliances, refinished cabinets, new fixtures, fresh paint, and vinyl flooring; Bedroom has walk‑in closet and access to a private patio
