Residential Income Property with
4701 N 68TH Street 236, Scottsdale, AZ 85251
For Sale
$275,000
The condo combines owner-owned land with updated interior finishes and a covered outdoor space.
Property Size1,120 SF
Days on Market9
Property Features for 4701 N 68TH Street 236
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
Building Details
Building Size
Year Built
Listing Agency:
Arizona Best Real Estate
Listed By:
Robert Adler · License AZ BR561622000
(602) 684-4126
Source:
Alexiabertsatos
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 12 at 5:06PM
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 Arizona Best Real Estate
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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.
Built in 1964, this condominium has a remodeled kitchen with granite countertops and white cabinetry, updated bathrooms, and raised hallway ceilings. A covered patio overlooks the landscaped grounds and community pool. The land is owned with the unit, and rental restrictions are not stated to apply.
The property is in Old Town Scottsdale. The HOA includes electricity, and a special assessment is scheduled to conclude in 2029.
The property is in Old Town Scottsdale. The HOA includes electricity, and a special assessment is scheduled to conclude in 2029.
Key Highlights
- Unit ownership includes the land; no land lease
- No rental restrictions
- Remodeled kitchen with granite countertops and white cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,959
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,180
$259.2K
Cap Rate 7%
$185,129
$185.1K
Cap Rate 9%
$143,989
$144.0K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$24.6K $21.96/SF
− Vacancy
−$1.0K −$0.92/SF
EGI
$23.6K $21.04/SF
− OpEx
−$10.6K −$9.47/SF
NOI
$13.0K $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%
$259,180
Cap Rate 7%
$185,129
Cap Rate 9%
$143,989
Alternative Uses
Best Use
Apartment 5plus
$185.1K
$162.0K – $216.0K
NOI $12,959 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$367.7K
$321.7K – $429.0K
NOI $25,737 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,613
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 condo combines owner-owned land with updated interior finishes and a covered outdoor space.
Where is this residential income property located?
The property is located at 4701 N 68TH Street 236 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Unit ownership includes the land; no land lease; No rental restrictions; Remodeled kitchen with granite countertops and white cabinetry
