Updated Residential Income
For Sale
$269,500
5995 N 78TH Street #2082, Scottsdale, AZ 85250
A private patio, in-unit laundry, and access to community amenities add practical features to this gated Scottsdale property.
Property Size664 SF
Price / SF$405.87
Days on Market18
Property Features for 5995 N 78TH Street #2082
General Information
Standard status
Active
Size
664 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
gated community
gym
pool
BBQ grills
in-unit washer and dryer
Building Details
Year Built
1981
Listing Agency:
IFR Estate Brokers
Listed By:
Dave Leach · License #BR580284000
(480) 734-5522
Source:
Kathrynthomas
Added: Oct 15
Changed: Oct 29
Last Checked: Nov 1 at 2:47AM
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 664-square-foot condo has laminate flooring, a refreshed kitchen with tile flooring and new countertops, and an in-unit water filtration system. A full-size washer and dryer are also included. The bathroom features tiled flooring and a tiled shower, while the bedroom has an accent wall and a new window. French doors connect the living room to a private patio.
The condo is in the gated Bella Vita community in Scottsdale. HOA-covered amenities include water, a gym, a pool, and BBQ grills. Fashion Square and Old Town Scottsdale dining, shopping, and entertainment are minutes away. The building was constructed in 1981.
The condo is in the gated Bella Vita community in Scottsdale. HOA-covered amenities include water, a gym, a pool, and BBQ grills. Fashion Square and Old Town Scottsdale dining, shopping, and entertainment are minutes away. The building was constructed in 1981.
Key Highlights
- 664‑square‑foot condo in the gated Bella Vita community
- Private patio accessed through French doors from the living room
- 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
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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 - A private patio, in-unit laundry, and access to community amenities add practical features to this gated Scottsdale property.
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: 664‑square‑foot condo in the gated Bella Vita community; Private patio accessed through French doors from the living room; Full‑size in‑unit washer and dryer
