Ground-Level Residential Income
3500 N Hayden Road #1601, Scottsdale, AZ 85251
For Sale
$274,995
Updated kitchen and baths, in-unit laundry, and a private patio complement the ground-floor layout.
Property Size955 SF
Price / SF$287.95
Days on Market38
Property Features for 3500 N Hayden Road #1601
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
two heated pools
hot tubs
fitness center
private movie theater
in-unit washer/dryer
3/4 Bath Master Bdrm
Eat-in Kitchen
Pantry
Granite Counters
High Speed Internet
Master Downstairs
Building Details
Building Size
Year Built
Stories
Listing Agency:
Two Brothers Realty & Co
(602) 413-4753
Listed By:
Michael Ratzken · License AZ BR636869000
(480) 232-9990
Source:
Justsellingaz
Added: Oct 8
Changed: Nov 12
Last Checked: Nov 13 at 5:54PM
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 Two Brothers Realty & Co
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Investment Insights
Based on property information with market context.
This 955-square-foot, ground-level residence has two bedrooms and two bathrooms, plus an attached patio. The kitchen has new cabinetry, quartz countertops, and stainless steel appliances. Both bathrooms have been renovated, and the interior also features luxury vinyl plank flooring, fresh paint, and new baseboards. An in-unit washer and dryer are included.
Community amenities include two heated pools, hot tubs, a fitness center, and a private movie theater. The property was built in 1979. Seller financing may be considered; terms are subject to discussion.
Community amenities include two heated pools, hot tubs, a fitness center, and a private movie theater. The property was built in 1979. Seller financing may be considered; terms are subject to discussion.
Key Highlights
- 955‑square‑foot ground‑level residence with an attached patio
- Two bedrooms and two bathrooms
- Renovated kitchen with new cabinetry, quartz countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,050
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,000
$221.0K
Cap Rate 7%
$157,857
$157.9K
Cap Rate 9%
$122,778
$122.8K
Market Conditions
NOI Build-Up for 955 SF
Gross rent
$21.0K $21.96/SF
− Vacancy
−$881 −$0.92/SF
EGI
$20.1K $21.04/SF
− OpEx
−$9.0K −$9.47/SF
NOI
$11.1K $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%
$221,000
Cap Rate 7%
$157,857
Cap Rate 9%
$122,778
Alternative Uses
Best Use
Apartment 5plus
$157.9K
$138.1K – $184.2K
NOI $11,050 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$313.5K
$274.3K – $365.8K
NOI $21,945 @ 7.0% cap · market cap 7.98%
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 - Updated kitchen and baths, in-unit laundry, and a private patio complement the ground-floor layout.
Where is this residential income property located?
The property is located at 3500 N Hayden Road #1601 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $274,995.
What are key features of this property?
This property features: 955‑square‑foot ground‑level residence with an attached patio; Two bedrooms and two bathrooms; Renovated kitchen with new cabinetry, quartz countertops, and stainless steel appliances
