No-Stairs Residential Income
For Sale
$259,900
5995 N 78th St #1066, Scottsdale, AZ 85250
One-level condo with practical interiors, covered outdoor space, and access to extensive Scottsdale recreation.
Property Size664 SF
Price / SF$391.42
Days on Market84
Property Features for 5995 N 78th St #1066
General Information
Standard status
Active
Size
664 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
saltwater pools
heated pool
spa
fitness center
clubhouse
Building Details
Year Built
1981
Listing Agency:
My Home Group Real Estate
(480) 685-2760
Listed By:
Jeremy Jennings · License #SA684096000
(623) 986-6650
Source:
Theazliving
Added: Jul 25
Changed: Oct 15
Last Checked: Oct 16 at 9:25AM
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 Bella Vita condo at 5995 N 78th St #1066 provides 664 square feet with one bedroom and one bathroom in a no-stairs layout. The interior includes wood flooring through the main living areas, bedroom carpeting updated in July 2026, a functional kitchen, stacked washer and dryer, and a walk-in closet. A covered patio adds outdoor space and extra storage.
Community amenities include two saltwater pools, including one heated pool, along with a spa, fitness center, and clubhouse. The property also offers direct access to the 11+ miles of the Scottsdale Greenbelt, with nearby bike trails, a dog park, Chaparral Park, Old Town, restaurants, shopping, nightlife, and outdoor recreation. Built in 1981, the condo combines a compact floor plan with on-site amenities and access to surrounding attractions.
Community amenities include two saltwater pools, including one heated pool, along with a spa, fitness center, and clubhouse. The property also offers direct access to the 11+ miles of the Scottsdale Greenbelt, with nearby bike trails, a dog park, Chaparral Park, Old Town, restaurants, shopping, nightlife, and outdoor recreation. Built in 1981, the condo combines a compact floor plan with on-site amenities and access to surrounding attractions.
Key Highlights
- 664 square feet with 1 bedroom and 1 bathroom
- No‑stairs layout at Bella Vita
- Bedroom carpet updated July 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,683
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,660
$153.7K
Cap Rate 7%
$109,757
$109.8K
Cap Rate 9%
$85,367
$85.4K
Market Conditions
NOI Build-Up for 664 SF
Gross rent
$14.6K $21.96/SF
− Vacancy
−$612 −$0.92/SF
EGI
$14.0K $21.04/SF
− OpEx
−$6.3K −$9.47/SF
NOI
$7.7K $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%
$153,660
Cap Rate 7%
$109,757
Cap Rate 9%
$85,367
Alternative Uses
Best Use
Apartment 5plus
$109.8K
$96.0K – $128.1K
NOI $7,683 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$218.0K
$190.7K – $254.3K
NOI $15,258 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Explore this area
Business Placement
Demographics for 85250, AZ
16,501
Population
10,066
Households
1.6
Avg Household Size
48
Median Age
58%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
1,964
Density / Sq Mi
$89,133
Median Household Income
$65,984
Median Earnings
$1,762
Median Rent
$507,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-level condo with practical interiors, covered outdoor space, and access to extensive Scottsdale recreation.
Where is this residential income property located?
The property is located at 5995 N 78th St #1066 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 664 square feet with 1 bedroom and 1 bathroom; No‑stairs layout at Bella Vita; Bedroom carpet updated July 2026
