First-Floor Residential Income
4600 N 68th Street 371, Scottsdale, AZ 85251
For Sale
$245,000
The unit includes a new AC system and access to a covered parking space.
Property Size702 SF
Price / SF$349
Days on Market181
Property Features for 4600 N 68th Street 371
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
air conditioning
covered parking
Building Details
Building Size
Year Built
Listing Agency:
Realty ONE Group
Listed By:
Garrett Sullivan
(480) 717-2802
Source:
Curiare
Added: May 18
Changed: Nov 7
Last Checked: Nov 13 at 2:12PM
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 Realty ONE Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 702-square-foot, first-floor residential income unit was built in 1974. The property has a new AC unit, a bathroom with a high-end vanity, and backyard access to a covered parking spot. Pets are allowed, and installation of an in-unit washer and dryer is permitted.
The unit is in Old Town Scottsdale, with access to dining, nightlife, golf, shopping, and entertainment.
The unit is in Old Town Scottsdale, with access to dining, nightlife, golf, shopping, and entertainment.
Key Highlights
- 702‑square‑foot first‑floor unit
- New AC unit
- Backyard access to a covered parking spot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,123
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,460
$162.5K
Cap Rate 7%
$116,043
$116.0K
Cap Rate 9%
$90,256
$90.3K
Market Conditions
NOI Build-Up for 702 SF
Gross rent
$15.4K $21.96/SF
− Vacancy
−$647 −$0.92/SF
EGI
$14.8K $21.04/SF
− OpEx
−$6.6K −$9.47/SF
NOI
$8.1K $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%
$162,460
Cap Rate 7%
$116,043
Cap Rate 9%
$90,256
Alternative Uses
Best Use
Apartment 5plus
$116.0K
$101.5K – $135.4K
NOI $8,123 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$230.4K
$201.6K – $268.9K
NOI $16,131 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
3,396
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
Market
Properties on Market for Residential income properties in Scottsdale
Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes a new AC system and access to a covered parking space.
Where is this residential income property located?
The property is located at 4600 N 68th Street 371 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 702‑square‑foot first‑floor unit; New AC unit; Backyard access to a covered parking spot
