Furnished Residential Income
For Sale
$358,000
Pending
5335 E SHEA Boulevard 2005, Scottsdale, AZ 85254
Two-bedroom unit with an open layout, private balcony, granite countertops, and access to community amenities.
Property Size1,076 SF
Days on Market60
Property Features for 5335 E SHEA Boulevard 2005
General Information
Standard status
Pending
Size
1,076 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,316
Amenities
private balcony
heated pool
spa
fitness center
clubhouse
Building Details
Building Size
1,076 SF
Year Built
1993
Listing Agency:
HomeSmart
Listed By:
Janelle Johnstad
(602) 628-6205
Source:
Alexiabertsatos
Added: Sep 4
Changed: Nov 2
Last Checked: Nov 1 at 11:37AM
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 HomeSmart
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,070-square-foot residential income property in Scottsdale features a 2-bed, 2-bath split floor plan and conveys fully furnished. The interior includes an open living area with vaulted ceilings, large windows, and a private balcony. The kitchen is equipped with modern appliances, granite countertops, and substantial cabinetry. The primary bedroom has an en-suite bathroom and walk-in closet, while the second bathroom serves the additional bedroom and guests.
Built in 1993, the property is part of Bella Terra, which offers a heated pool, spa, fitness center, and clubhouse. Its address places the unit near shopping, dining, and outdoor amenities in the Paradise Valley area.
Built in 1993, the property is part of Bella Terra, which offers a heated pool, spa, fitness center, and clubhouse. Its address places the unit near shopping, dining, and outdoor amenities in the Paradise Valley area.
Key Highlights
- 2‑bed, 2‑bath split floor plan with 1,070 sqft of living space
- Fully furnished unit with private balcony
- Open living area with vaulted ceilings and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,381
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,620
$247.6K
Cap Rate 7%
$176,871
$176.9K
Cap Rate 9%
$137,567
$137.6K
Market Conditions
NOI Build-Up for 1,070 SF
Gross rent
$23.5K $21.96/SF
− Vacancy
−$987 −$0.92/SF
EGI
$22.5K $21.04/SF
− OpEx
−$10.1K −$9.47/SF
NOI
$12.4K $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%
$247,620
Cap Rate 7%
$176,871
Cap Rate 9%
$137,567
Alternative Uses
Best Use
Apartment 5plus
$176.9K
$154.8K – $206.4K
NOI $12,381 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$351.3K
$307.4K – $409.8K
NOI $24,588 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
629
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom unit with an open layout, private balcony, granite countertops, and access to community amenities.
Where is this residential income property located?
The property is located at 5335 E SHEA Boulevard 2005 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $358,000.
What are key features of this property?
This property features: 2‑bed, 2‑bath split floor plan with 1,070 sqft of living space; Fully furnished unit with private balcony; Open living area with vaulted ceilings and large windows
