Two-Bedroom
4120 N 78TH Street 214, Scottsdale, AZ 85251
For Sale
$324,900
Interior finishes include luxury vinyl plank flooring, granite surfaces, recessed lighting, and updated bathroom fixtures.
Property Size1,010 SF
Price / SF$321.68
Days on Market61
Property Features for 4120 N 78TH Street 214
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
swimming pool
spa
BBQ area
fire pit
Building Details
Building Size
Year Built
Listing Agency:
Homie
Listed By:
Carole Hewitt · License AZ SA564422000
(602) 320-1102
Source:
Curiare
Added: Sep 10
Changed: Nov 8
Last Checked: Nov 8 at 4:31PM
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 Homie
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Investment Insights
Based on property information with market context.
This 1,010-square-foot condominium in Indian Terrace has two bedrooms and two bathrooms. Interior details include crown molding, luxury vinyl plank flooring, granite countertops in the kitchen and bathrooms, raised vanities, brushed-nickel hardware, upgraded fixtures, and recessed lighting. The residence was built in 1981.
Community amenities include a swimming pool, spa, barbecue area, and fire pit. The property is in Old Town Scottsdale, near restaurants, art galleries, shopping, entertainment, and Spring Training. Sprouts is about half a mile away, and a Whole Foods is planned within walking distance.
Community amenities include a swimming pool, spa, barbecue area, and fire pit. The property is in Old Town Scottsdale, near restaurants, art galleries, shopping, entertainment, and Spring Training. Sprouts is about half a mile away, and a Whole Foods is planned within walking distance.
Key Highlights
- Two bedrooms and two bathrooms in 1,010 square feet
- Interior finishes include crown molding, luxury vinyl plank flooring, granite countertops, and recessed lighting
- Indian Terrace community has a pool, spa, BBQ area, and fire pit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,686
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,720
$233.7K
Cap Rate 7%
$166,943
$166.9K
Cap Rate 9%
$129,844
$129.8K
Market Conditions
NOI Build-Up for 1,010 SF
Gross rent
$22.2K $21.96/SF
− Vacancy
−$932 −$0.92/SF
EGI
$21.2K $21.04/SF
− OpEx
−$9.6K −$9.47/SF
NOI
$11.7K $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%
$233,720
Cap Rate 7%
$166,943
Cap Rate 9%
$129,844
Alternative Uses
Best Use
Apartment 5plus
$166.9K
$146.1K – $194.8K
NOI $11,686 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$331.6K
$290.1K – $386.8K
NOI $23,209 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,945
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
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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 - Interior finishes include luxury vinyl plank flooring, granite surfaces, recessed lighting, and updated bathroom fixtures.
Where is this residential income property located?
The property is located at 4120 N 78TH Street 214 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,010 square feet; Interior finishes include crown molding, luxury vinyl plank flooring, granite countertops, and recessed lighting; Indian Terrace community has a pool, spa, BBQ area, and fire pit
