Two-Bedroom Residential Income
For Sale
$353,000
20801 N 90TH Place 233, Scottsdale, AZ 85255
Upgraded condominium with tall ceilings, private garage, assigned carport, and access to extensive community amenities.
Property Size909 SF
Days on Market80
Property Features for 20801 N 90TH Place 233
General Information
Standard status
Active
Size
909 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$1,060
Building Details
Building Size
909 SF
Year Built
2000
Listing Agency:
The Agency
Listed By:
Chey Castro · License #SA583805000
(602) 570-2516
Source:
Jcluxuryresidential
Added: Aug 16
Changed: Oct 31
Last Checked: Nov 1 at 3:33PM
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 The Agency
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Investment Insights
Based on property information with market context.
This two-bedroom condominium offers 11-ft ceilings, abundant natural light, and recent updates that include a refrigerator, AC unit and condenser, and garbage disposal. Furniture is also available, and the residence includes a private garage plus an assigned carport. Built in 2000, the property is suited to full-time occupancy or use as a low-maintenance retreat.
The home is within walking distance of DC Ranch’s Market Street Village, with boutique shopping, dining, and community events nearby. Community amenities include 2 recreation centers, 2 fitness facilities, 3 pools, a spa, pickleball and tennis courts, grilling areas, and a media lounge with fireplace. Sonoran Desert walking and biking paths surround the community, while several golf courses are nearby.
The home is within walking distance of DC Ranch’s Market Street Village, with boutique shopping, dining, and community events nearby. Community amenities include 2 recreation centers, 2 fitness facilities, 3 pools, a spa, pickleball and tennis courts, grilling areas, and a media lounge with fireplace. Sonoran Desert walking and biking paths surround the community, while several golf courses are nearby.
Key Highlights
- Two‑bedroom condominium with 11‑ft ceilings and abundant natural light
- Recent refrigerator, AC unit and condenser, and garbage disposal upgrades
- Private garage and assigned carport included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,518
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,360
$210.4K
Cap Rate 7%
$150,257
$150.3K
Cap Rate 9%
$116,867
$116.9K
Market Conditions
NOI Build-Up for 909 SF
Gross rent
$20.0K $21.96/SF
− Vacancy
−$838 −$0.92/SF
EGI
$19.1K $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%
$210,360
Cap Rate 7%
$150,257
Cap Rate 9%
$116,867
Alternative Uses
Best Use
Apartment 5plus
$150.3K
$131.5K – $175.3K
NOI $10,518 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$298.4K
$261.1K – $348.1K
NOI $20,888 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
571
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 - Upgraded condominium with tall ceilings, private garage, assigned carport, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 20801 N 90TH Place 233 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $353,000.
What are key features of this property?
This property features: Two‑bedroom condominium with 11‑ft ceilings and abundant natural light; Recent refrigerator, AC unit and condenser, and garbage disposal upgrades; Private garage and assigned carport included
