Updated Studio Income
For Sale
$189,000
6125 E Indian School Rd #Apt 171, Scottsdale, AZ 85251
First-floor studio with a private patio, renovated finishes, and in-suite laundry in a landscaped community with two pools.
Property Size519 SF
Price / SF$364.16
Days on Market55
Property Features for 6125 E Indian School Rd #Apt 171
General Information
Standard status
Active
Size
519 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x studio
Multifamily Units
1
Amenities
patio
in-unit washer/dryer
courtyard
pool
Building Details
Year Built
1962
Listing Agency:
Red Fox Real Estate
(520) 431-8828
Listed By:
arrt of Real Estate / Amelia Goudeau
(602) 460-5545
Source:
Arrtofrealestate
Added: Sep 9
Changed: Nov 1
Last Checked: Nov 1 at 4:58AM
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 Red Fox Real Estate
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Investment Insights
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This 519-square-foot first-floor studio residential income property was built in 1962 and has been updated with ceramic wood-look tile flooring, a large walk-in shower, and concrete kitchen countertops with a bar overhang. Stainless steel appliances include a new gas range, while the in-suite washer and dryer add convenience. The layout incorporates indoor-outdoor living through a spacious patio with garage-door closure and a barn door that can separate the living and bedroom areas.
The patio opens to a landscaped community courtyard with mature plantings and two pools. The property is located at 6125 E Indian School Rd, Apt 171, in Scottsdale, Arizona, near Old Town, Arcadia, Herberger Park, and the canal path.
The patio opens to a landscaped community courtyard with mature plantings and two pools. The property is located at 6125 E Indian School Rd, Apt 171, in Scottsdale, Arizona, near Old Town, Arcadia, Herberger Park, and the canal path.
Key Highlights
- 519 SF first‑floor studio built in 1962
- Updated interior with ceramic wood‑look tile and a large walk‑in shower
- Concrete kitchen counters with bar overhang and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,005
Cap Rate
3.18%
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 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$170.4K
$149.1K – $198.8K
NOI $11,926 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor studio with a private patio, renovated finishes, and in-suite laundry in a landscaped community with two pools.
Where is this residential income property located?
The property is located at 6125 E Indian School Rd #Apt 171 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 519 SF first‑floor studio built in 1962; Updated interior with ceramic wood‑look tile and a large walk‑in shower; Concrete kitchen counters with bar overhang and stainless steel appliances
