Updated Residential Income
For Sale
$269,500
5995 N 78TH Street 2082, Scottsdale, AZ 85250
The gated Bella Vita community offers a pool, gym, and BBQ grills, with water included in HOA coverage.
Property Size664 SF
Days on Market14
Property Features for 5995 N 78TH Street 2082
General Information
Standard status
Active
Size
664 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$609
Amenities
gated community
water filtration system
in-unit washer/dryer
private patio
gym
pool
BBQ grills
Building Details
Building Size
664 SF
Year Built
1981
Listing Agency:
IFR Estate Brokers
Listed By:
Dave Leach
(480) 734-5522
Source:
Alexiabertsatos
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 26 at 10:54PM
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 IFR Estate Brokers
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Investment Insights
Based on property information with market context.
This Scottsdale condo in the gated Bella Vita community has updated interior paint, laminate flooring, and a refreshed kitchen with tile floors, new countertops, and a water filtration system. The unit includes a full-size washer and dryer. A tiled shower and matching bathroom floor complement the updated interior, while the bedroom has an accent wall and a new window. French doors connect the living room to a private patio.
HOA coverage includes water, gym access, a pool, and BBQ grills. Fashion Square and Old Town Scottsdale dining, shopping, and entertainment are minutes away. The property was built in 1981.
HOA coverage includes water, gym access, a pool, and BBQ grills. Fashion Square and Old Town Scottsdale dining, shopping, and entertainment are minutes away. The property was built in 1981.
Key Highlights
- Updated interior paint and laminate flooring
- Kitchen improvements include tile floors, new countertops, and a water filtration system
- Full‑size in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,683
Cap Rate
2.85%
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 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$218.0K
$190.7K – $254.3K
NOI $15,258 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
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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 - The gated Bella Vita community offers a pool, gym, and BBQ grills, with water included in HOA coverage.
Where is this residential income property located?
The property is located at 5995 N 78TH Street 2082 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $269,500.
What are key features of this property?
This property features: Updated interior paint and laminate flooring; Kitchen improvements include tile floors, new countertops, and a water filtration system; Full‑size in‑unit washer and dryer
