Updated Residential Income
3500 N Hayden Road #1304, Scottsdale, AZ 85251
For Sale
New
$322,000
The remodeled interior includes an open great room, contemporary kitchen, balcony, and upgraded windows.
Property Size934 SF
Price / SF$344.75
Days on Market4
Property Features for 3500 N Hayden Road #1304
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Taxes and HOA fees
Annual Taxes
Amenities
balcony
Granite Counters
Non-laminate Counter
High Speed Internet
9+ Flat Ceilings
Balcony
Building Details
Building Size
Year Built
Stories
Listing Agency:
Keller Williams Realty Sonoran Living
(480) 948-3338
Listed By:
Ellen E Fankhanel
(480) 206-5127
Source:
Justsellingaz
Added: Nov 11
Last Checked: Nov 13 at 2:06PM
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 Keller Williams Realty Sonoran Living
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Investment Insights
Based on property information with market context.
This 2-bedroom, 1-bathroom condo was built in 1979 and has a remodeled interior with vinyl plank flooring, updated kitchen cabinetry, and energy-efficient windows. The open great room has ceilings over 9 feet and connects directly to a balcony.
The property is positioned alongside the 9th hole of Continental Golf Course, with views of Camelback Mountain. The address is 3500 N Hayden Road #1304 in Scottsdale.
The property is positioned alongside the 9th hole of Continental Golf Course, with views of Camelback Mountain. The address is 3500 N Hayden Road #1304 in Scottsdale.
Key Highlights
- 2‑bedroom, 1‑bathroom condo
- 934 property size
- Directly alongside the 9th hole of Continental Golf Course
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,807
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,140
$216.1K
Cap Rate 7%
$154,386
$154.4K
Cap Rate 9%
$120,078
$120.1K
Market Conditions
NOI Build-Up for 934 SF
Gross rent
$20.5K $21.96/SF
− Vacancy
−$861 −$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%
$216,140
Cap Rate 7%
$154,386
Cap Rate 9%
$120,078
Alternative Uses
Best Use
Apartment 5plus
$154.4K
$135.1K – $180.1K
NOI $10,807 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$306.6K
$268.3K – $357.7K
NOI $21,462 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,893
Businesses Nearby
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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
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Market
Properties on Market for Residential income properties in Scottsdale
Frequently Asked Questions
What type of property is this?
Residential income property - The remodeled interior includes an open great room, contemporary kitchen, balcony, and upgraded windows.
Where is this residential income property located?
The property is located at 3500 N Hayden Road #1304 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $322,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bathroom condo; 934 property size; Directly alongside the 9th hole of Continental Golf Course
