Updated One-Bedroom
For Sale
$170,000
3313 N 68TH Street #244, Scottsdale, AZ 85251
Gated community residence includes assigned carport parking and access to a pool and barbecue area.
Property Size649 SF
Price / SF$261.94
Days on Market17
Property Features for 3313 N 68TH Street #244
General Information
Standard status
Active
Size
649 SF
Property subtype
Apartment
Additional Details
Utilities to Site
Yes
Multifamily Units
1
Amenities
gated community
pool
BBQ area
assigned carport parking
washer/dryer hookup
Building Details
Year Built
1971
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Oct 16
Changed: Nov 1
Last Checked: Nov 1 at 3:16AM
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 Berkshire Hathaway Homeservices Arizona Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This updated one-bedroom, one-bathroom residence offers 649 square feet in a gated community. The kitchen has a farmhouse sink and a new refrigerator, and a hookup accommodates a stackable washer and dryer. Assigned carport parking is included.
Community amenities include a pool and barbecue area. The HOA covers utilities other than phone and internet. The property was built in 1971 and is located near shops and dining in Scottsdale.
Community amenities include a pool and barbecue area. The HOA covers utilities other than phone and internet. The property was built in 1971 and is located near shops and dining in Scottsdale.
Key Highlights
- 649‑square‑foot, one‑bedroom, one‑bathroom residence
- Updated kitchen with farmhouse sink and new refrigerator
- Hookup added for a stackable washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,509
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,180
$150.2K
Cap Rate 7%
$107,271
$107.3K
Cap Rate 9%
$83,433
$83.4K
Market Conditions
NOI Build-Up for 649 SF
Gross rent
$14.3K $21.96/SF
− Vacancy
−$599 −$0.92/SF
EGI
$13.7K $21.04/SF
− OpEx
−$6.1K −$9.47/SF
NOI
$7.5K $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%
$150,180
Cap Rate 7%
$107,271
Cap Rate 9%
$83,433
Alternative Uses
Best Use
Apartment 5plus
$107.3K
$93.9K – $125.2K
NOI $7,509 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$213.0K
$186.4K – $248.6K
NOI $14,913 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,344
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 - Gated community residence includes assigned carport parking and access to a pool and barbecue area.
Where is this residential income property located?
The property is located at 3313 N 68TH Street #244 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 649‑square‑foot, one‑bedroom, one‑bathroom residence; Updated kitchen with farmhouse sink and new refrigerator; Hookup added for a stackable washer and dryer
