Remodeled Residential Income
For Sale
$225,000
3314 N 68TH Street N 211, Scottsdale, AZ 85251
Two-bedroom condominium with updated finishes, private bathrooms, and access to community recreation amenities.
Property Size932 SF
Days on Market140
Property Features for 3314 N 68TH Street N 211
General Information
Standard status
Active
Size
932 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$764
Amenities
balcony
recreation center
pool
Building Details
Building Size
932 SF
Year Built
1971
Listing Agency:
My Home Group Real Estate
Listed By:
Jill Stadum
(480) 231-0983
Source:
Alexiabertsatos
Added: Jun 17
Changed: Oct 31
Last Checked: Nov 1 at 1:18PM
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.
This remodeled residential income property is a two-bedroom condominium built in 1971. The open great room connects to a covered balcony, while the kitchen features quartz countertops, a matching backsplash, slab cabinetry, stainless-steel appliances, and a breakfast bar. Both bedrooms include carpeting, walk-in closets, and private bathrooms. LED recessed lighting, updated flooring, baseboards, and countertops add to the interior improvements.
The property is located at 3314 N 68TH Street N 211 in Scottsdale, Arizona. Community amenities include a recreation center, swimming pool, and maintained common areas. The covered balcony provides neighborhood views and additional outdoor space.
The property is located at 3314 N 68TH Street N 211 in Scottsdale, Arizona. Community amenities include a recreation center, swimming pool, and maintained common areas. The covered balcony provides neighborhood views and additional outdoor space.
Key Highlights
- Remodeled two‑bedroom condominium built in 1971
- Quartz countertops, backsplash, slab cabinetry, and stainless‑steel appliances
- Great room layout with covered balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,784
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,680
$215.7K
Cap Rate 7%
$154,057
$154.1K
Cap Rate 9%
$119,822
$119.8K
Market Conditions
NOI Build-Up for 932 SF
Gross rent
$20.5K $21.96/SF
− Vacancy
−$860 −$0.92/SF
EGI
$19.6K $21.04/SF
− OpEx
−$8.8K −$9.47/SF
NOI
$10.8K $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%
$215,680
Cap Rate 7%
$154,057
Cap Rate 9%
$119,822
Alternative Uses
Best Use
Apartment 5plus
$154.1K
$134.8K – $179.7K
NOI $10,784 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$305.9K
$267.7K – $356.9K
NOI $21,416 @ 7.0% cap · market cap 9.52%
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
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 - Two-bedroom condominium with updated finishes, private bathrooms, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 3314 N 68TH Street N 211 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Remodeled two‑bedroom condominium built in 1971; Quartz countertops, backsplash, slab cabinetry, and stainless‑steel appliances; Great room layout with covered balcony
