Furnished Remodeled
For Sale
$190,000
6125 E INDIAN SCHOOL Road #113, Scottsdale, AZ 85251
Community amenities include two pools, a spa, covered parking, and landscaped grounds.
Property Size519 SF
Price / SF$366.09
Days on Market33
Property Features for 6125 E INDIAN SCHOOL Road #113
General Information
Standard status
Active
Size
519 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Highway Access
Yes
Multifamily Units
1
Amenities
2 pools
spa
lush landscaping
covered parking
private patio
Building Details
Year Built
1962
Year Renovated
2021
Listing Agency:
HomeSmart
Listed By:
Kim Panozzo · License #SA538315000
(480) 307-8326
Source:
Kathrynthomas
Added: Oct 1
Changed: Nov 1
Last Checked: Oct 31 at 10:17PM
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 519-square-foot condo was renovated down to the studs, with HVAC, electrical, and plumbing updates completed in 2021. Wood-look tile runs throughout. The kitchen has granite counters, a subway tile backsplash, stainless steel appliances, and breakfast bar seating; the remodeled bathroom includes custom tile flooring, a walk-in shower, and substantial cabinetry. Furniture and decor are included, and the unit has a private patio with remote-controlled shades overlooking green space.
Residents have access to two pools, a spa, landscaped grounds, and covered parking. The CAP Canal Trail is across the street, with Loop 101 and Loop 202 also noted as accessible routes.
Residents have access to two pools, a spa, landscaped grounds, and covered parking. The CAP Canal Trail is across the street, with Loop 101 and Loop 202 also noted as accessible routes.
Key Highlights
- 519‑square‑foot condo, renovated down to the studs
- 2021 updates to HVAC, electrical, and plumbing
- Kitchen with granite counters, stainless steel appliances, and breakfast bar seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,005
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,100
$120.1K
Cap Rate 7%
$85,786
$85.8K
Cap Rate 9%
$66,722
$66.7K
Market Conditions
NOI Build-Up for 519 SF
Gross rent
$11.4K $21.96/SF
− Vacancy
−$479 −$0.92/SF
EGI
$10.9K $21.04/SF
− OpEx
−$4.9K −$9.47/SF
NOI
$6.0K $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%
$120,100
Cap Rate 7%
$85,786
Cap Rate 9%
$66,722
Alternative Uses
Best Use
Apartment 5plus
$85.8K
$75.1K – $100.1K
NOI $6,005 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$170.4K
$149.1K – $198.8K
NOI $11,926 @ 7.0% cap · market cap 6.28%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
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 - Community amenities include two pools, a spa, covered parking, and landscaped grounds.
Where is this residential income property located?
The property is located at 6125 E INDIAN SCHOOL Road #113 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 519‑square‑foot condo, renovated down to the studs; 2021 updates to HVAC, electrical, and plumbing; Kitchen with granite counters, stainless steel appliances, and breakfast bar seating
