Furnished Residential Income
6815 E 2nd Street #3, Scottsdale, AZ 85251
For Sale
New
$350,000
A renovated, furnished ground-floor unit combines a two-bedroom layout with updated interior finishes and community amenities.
Property Size900 SF
Price / SF$388.89
Days on Market4
Property Features for 6815 E 2nd Street #3
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
HOA Fee
Taxes and HOA fees
Annual Taxes
Amenities
heated pool
BBQ area
assigned parking
on-site laundry
Eat-in Kitchen
Non-laminate Counter
High Speed Internet
Master Downstairs
Built-in Barbecue
Building Details
Building Size
Year Built
Stories
Listing Agency:
The Brokery
Listed By:
Eric Avdee · License AZ SA653426000
(949) 202-9402
Source:
Justsellingaz
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 4:18PM
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 The Brokery
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 900-square-foot, ground-floor residential unit has two bedrooms and one bathroom. Built in 1958, it has been remodeled and is offered furnished. Updates include new windows and doors, luxury vinyl plank flooring, fresh paint, modern fixtures, and designer finishes. The kitchen features quartz countertops, stainless steel appliances, a custom island with a butcher-block surface, and cabinet storage.
The property is two blocks from the heart of Old Town Scottsdale. Dining, shopping, art galleries, nightlife, golf, hiking trails, and the Indian Bend Greenbelt are noted nearby. Community features include a heated pool, BBQ area, assigned parking, and on-site laundry.
The property is two blocks from the heart of Old Town Scottsdale. Dining, shopping, art galleries, nightlife, golf, hiking trails, and the Indian Bend Greenbelt are noted nearby. Community features include a heated pool, BBQ area, assigned parking, and on-site laundry.
Key Highlights
- 900‑square‑foot ground‑floor unit with two bedrooms and one bathroom
- Remodeled interior with quartz kitchen counters, stainless steel appliances, and a custom island
- Furnished unit with new windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,414
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,280
$208.3K
Cap Rate 7%
$148,771
$148.8K
Cap Rate 9%
$115,711
$115.7K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$19.8K $21.96/SF
− Vacancy
−$830 −$0.92/SF
EGI
$18.9K $21.04/SF
− OpEx
−$8.5K −$9.47/SF
NOI
$10.4K $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%
$208,280
Cap Rate 7%
$148,771
Cap Rate 9%
$115,711
Alternative Uses
Best Use
Apartment 5plus
$148.8K
$130.2K – $173.6K
NOI $10,414 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$295.4K
$258.5K – $344.7K
NOI $20,681 @ 7.0% cap · market cap 5.91%
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
Location Intelligence
Trade Area within ½ mile
4,382
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
Market
Properties on Market for Residential income properties in Scottsdale
Frequently Asked Questions
What type of property is this?
Residential income property - A renovated, furnished ground-floor unit combines a two-bedroom layout with updated interior finishes and community amenities.
Where is this residential income property located?
The property is located at 6815 E 2nd Street #3 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 900‑square‑foot ground‑floor unit with two bedrooms and one bathroom; Remodeled interior with quartz kitchen counters, stainless steel appliances, and a custom island; Furnished unit with new windows and doors
