Furnished Residential Income
New
For Sale
$449,000
20100 N 78TH Place 2035, Scottsdale, AZ 85255
A furnished residence with loft space and access to shared pools, fitness facilities, and clubhouse amenities.
Property Size1,289 SF
Days on Market3
Property Features for 20100 N 78TH Place 2035
General Information
Standard status
Active
Size
1,289 SF
Total Parking Spaces
2
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA + loft
Multifamily Units
1
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$1,669
Amenities
two heated pools
spas
fitness center
clubhouse
chef demonstration kitchen
theater
wine lounge
billiards
hardwood floors
Building Details
Building Size
1,289 SF
Year Built
2001
Listing Agency:
My Home Group Real Estate
Listed By:
Julie Elaine Jarmiolowski · License #SA663654000
(602) 663-5256
Source:
Jcluxuryresidential
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 3:17PM
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 My Home Group Real Estate
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Investment Insights
Based on property information with market context.
Located at The Edge at Grayhawk, this furnished 2-bedroom, 2-bath residence includes a loft and two parking spaces. Interior features include hardwood floors, high ceilings, an open layout, and fresh paint. The property was built in 2001.
Community amenities include two heated pools, spas, a fitness center, clubhouse, demonstration kitchen, theater, wine lounge, and billiards. The residence is in Scottsdale, with Grayhawk Golf Club, DC Ranch, Kierland Commons, Scottsdale Quarter, hiking trails, dining, and shopping listed among nearby destinations.
Community amenities include two heated pools, spas, a fitness center, clubhouse, demonstration kitchen, theater, wine lounge, and billiards. The residence is in Scottsdale, with Grayhawk Golf Club, DC Ranch, Kierland Commons, Scottsdale Quarter, hiking trails, dining, and shopping listed among nearby destinations.
Key Highlights
- Furnished 2‑bedroom, 2‑bath residence with loft
- Two parking spaces
- Community features two heated pools, spas, a fitness center, clubhouse, theater, wine lounge, and billiards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,915
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,300
$298.3K
Cap Rate 7%
$213,071
$213.1K
Cap Rate 9%
$165,722
$165.7K
Market Conditions
NOI Build-Up for 1,289 SF
Gross rent
$28.3K $21.96/SF
− Vacancy
−$1.2K −$0.92/SF
EGI
$27.1K $21.04/SF
− OpEx
−$12.2K −$9.47/SF
NOI
$14.9K $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%
$298,300
Cap Rate 7%
$213,071
Cap Rate 9%
$165,722
Alternative Uses
Best Use
Apartment 5plus
$213.1K
$186.4K – $248.6K
NOI $14,915 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$423.1K
$370.3K – $493.7K
NOI $29,620 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
413
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 furnished residence with loft space and access to shared pools, fitness facilities, and clubhouse amenities.
Where is this residential income property located?
The property is located at 20100 N 78TH Place 2035 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Furnished 2‑bedroom, 2‑bath residence with loft; Two parking spaces; Community features two heated pools, spas, a fitness center, clubhouse, theater, wine lounge, and billiards
