Updated Two-Bedroom
For Sale
$259,000
3002 N 70TH Street 222, Scottsdale, AZ 85251
No rental restrictions allow flexibility for personal occupancy or rental use near Old Town.
Property Size851 SF
Price / SF$304.35
Days on Market17
Property Features for 3002 N 70TH Street 222
General Information
Standard status
Active
Size
851 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$605
Building Details
Building Size
851 SF
Year Built
1979
Listing Agency:
The Brokery
Listed By:
Eric Avdee
(949) 202-9402
Source:
Curiare
Added: Oct 12
Changed: Oct 26
Last Checked: Oct 26 at 1:14PM
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 Brokery
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 851-square-foot condominium, built in 1979, has two bedrooms and one and a half bathrooms. New flooring extends through the great room and hallway, and the interior has been updated.
The Scottsdale property is minutes from Old Town and near restaurants, shops, nightlife, galleries, and entertainment. There are no rental restrictions, allowing for owner occupancy or rental use.
The Scottsdale property is minutes from Old Town and near restaurants, shops, nightlife, galleries, and entertainment. There are no rental restrictions, allowing for owner occupancy or rental use.
Key Highlights
- Two bedrooms and 1.5 bathrooms in 851 square feet
- New flooring in the great room and hallway
- No rental restrictions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,847
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,940
$196.9K
Cap Rate 7%
$140,671
$140.7K
Cap Rate 9%
$109,411
$109.4K
Market Conditions
NOI Build-Up for 851 SF
Gross rent
$18.7K $21.96/SF
− Vacancy
−$785 −$0.92/SF
EGI
$17.9K $21.04/SF
− OpEx
−$8.1K −$9.47/SF
NOI
$9.8K $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%
$196,940
Cap Rate 7%
$140,671
Cap Rate 9%
$109,411
Alternative Uses
Best Use
Apartment 5plus
$140.7K
$123.1K – $164.1K
NOI $9,847 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$279.4K
$244.4K – $325.9K
NOI $19,555 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,391
Businesses Nearby
Explore this area
Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - No rental restrictions allow flexibility for personal occupancy or rental use near Old Town.
Where is this residential income property located?
The property is located at 3002 N 70TH Street 222 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two bedrooms and 1.5 bathrooms in 851 square feet; New flooring in the great room and hallway; No rental restrictions
