Loft-Style Residential Income
3600 N Hayden Road #3402, Scottsdale, AZ 85251
For Sale
New
$289,900
One bedroom plus an upstairs loft, with community pools, fitness facilities, and covered parking.
Property Size962 SF
Price / SF$301.35
Days on Market4
Property Features for 3600 N Hayden Road #3402
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
resort-style pools
fitness center
media room
community center
Eat-in Kitchen
Non-laminate Counter
Quartz Countertops
High Speed Internet
Balcony
Building Details
Building Size
Year Built
Stories
Listing Agency:
Apex Residential
(602) 290-4663
Listed By:
Angela Covey · License AZ BR531684000
(602) 677-9038
Source:
Beavercreekrealty
Added: Nov 11
Changed: Nov 12
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 Apex Residential
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Investment Insights
Based on property information with market context.
This 962-square-foot corner residence has one bedroom and an upstairs loft, with an open living area, updated flooring and countertops, stainless steel appliances, and a wood-burning fireplace. Other features include crown molding, a large balcony, a brand-new HVAC system, a newer water heater, and an in-unit washer and dryer. The property was built in 1979.
The balcony faces a courtyard with a fountain, and Continental Golf Course is nearby. Greenbelt paths provide routes for walking, biking, and jogging. Community amenities include two pools, a fitness center, media room, community center, and covered parking. Groceries, restaurants, and entertainment are within walking distance; Old Town Scottsdale and the named local events and golf venues are a short drive away.
The balcony faces a courtyard with a fountain, and Continental Golf Course is nearby. Greenbelt paths provide routes for walking, biking, and jogging. Community amenities include two pools, a fitness center, media room, community center, and covered parking. Groceries, restaurants, and entertainment are within walking distance; Old Town Scottsdale and the named local events and golf venues are a short drive away.
Key Highlights
- 962‑square‑foot corner residence with one bedroom and an upstairs loft
- Balcony overlooks a courtyard with a fountain
- Updated flooring and countertops; stainless steel appliances and wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,131
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,620
$222.6K
Cap Rate 7%
$159,014
$159.0K
Cap Rate 9%
$123,678
$123.7K
Market Conditions
NOI Build-Up for 962 SF
Gross rent
$21.1K $21.96/SF
− Vacancy
−$887 −$0.92/SF
EGI
$20.2K $21.04/SF
− OpEx
−$9.1K −$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%
$222,620
Cap Rate 7%
$159,014
Cap Rate 9%
$123,678
Alternative Uses
Best Use
Apartment 5plus
$159.0K
$139.1K – $185.5K
NOI $11,131 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$315.8K
$276.3K – $368.4K
NOI $22,106 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,155
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
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Frequently Asked Questions
What type of property is this?
Residential income property - One bedroom plus an upstairs loft, with community pools, fitness facilities, and covered parking.
Where is this residential income property located?
The property is located at 3600 N Hayden Road #3402 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 962‑square‑foot corner residence with one bedroom and an upstairs loft; Balcony overlooks a courtyard with a fountain; Updated flooring and countertops; stainless steel appliances and wood‑burning fireplace
