Two-Bedroom Residential
4850 E Desert Cove Avenue #330, Scottsdale, AZ 85254
For Sale
New
$335,000
The unit combines an updated kitchen, in-home laundry, assigned parking, and a private balcony.
Property Size1,059 SF
Price / SF$316.34
Days on Market4
Property Features for 4850 E Desert Cove Avenue #330
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
assigned parking
storage
balcony
pool
spa
fitness center
walking and biking paths
Full Bth Master Bdrm
Breakfast Bar
Pantry
Quartz Countertops
High Speed Internet
Balcony
Storage
Building Details
Building Size
Year Built
Stories
Listing Agency:
My Home Group Real Estate
(480) 685-2760
Listed By:
Daniel Brown · License AZ SA586198000
(480) 648-9234
Source:
Jlberrycompany
Added: Nov 11
Last Checked: Nov 13 at 6:48AM
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 My Home Group Real Estate
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Investment Insights
Based on property information with market context.
This 1,059-square-foot condominium, built in 1988, has two bedrooms, each with a full bathroom. The open layout includes a fireplace, a dining nook, and a kitchen updated with stainless steel appliances, quartz counters, a reverse osmosis system, and a breakfast bar. In-unit laundry, assigned parking, storage, and a balcony overlooking the courtyard and pool add practical features.
Key Highlights
- 1,059‑square‑foot condo with two bedrooms and two full bathrooms
- Updated kitchen with stainless steel appliances, quartz countertops, reverse osmosis system, and breakfast bar
- Balcony faces the courtyard and pool; community also has a pool, spa, and fitness center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,253
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,060
$245.1K
Cap Rate 7%
$175,043
$175.0K
Cap Rate 9%
$136,144
$136.1K
Market Conditions
NOI Build-Up for 1,059 SF
Gross rent
$23.3K $21.96/SF
− Vacancy
−$977 −$0.92/SF
EGI
$22.3K $21.04/SF
− OpEx
−$10.0K −$9.47/SF
NOI
$12.3K $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%
$245,060
Cap Rate 7%
$175,043
Cap Rate 9%
$136,144
Alternative Uses
Best Use
Apartment 5plus
$175.0K
$153.2K – $204.2K
NOI $12,253 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$347.6K
$304.2K – $405.6K
NOI $24,335 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,866
Businesses Nearby
Explore this area
Business Placement
Demographics for 85254, AZ
46,352
Population
21,469
Households
2.2
Avg Household Size
45
Median Age
60%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
3,383
Density / Sq Mi
$120,885
Median Household Income
$61,953
Median Earnings
$1,954
Median Rent
$701,900
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 - The unit combines an updated kitchen, in-home laundry, assigned parking, and a private balcony.
Where is this residential income property located?
The property is located at 4850 E Desert Cove Avenue #330 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,059‑square‑foot condo with two bedrooms and two full bathrooms; Updated kitchen with stainless steel appliances, quartz countertops, reverse osmosis system, and breakfast bar; Balcony faces the courtyard and pool; community also has a pool, spa, and fitness center
