Furnished Short-Term Rental
6841 E 2ND Street 16, Scottsdale, AZ 85251
For Sale
$260,000
This one-bedroom, one-bath condo is furnished and currently operated as a short-term rental.
Property Size672 SF
Days on Market11
Property Features for 6841 E 2ND Street 16
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Cara Dankberg
(602) 448-4766
Source:
Alexiabertsatos
Added: Nov 3
Changed: Nov 10
Last Checked: Nov 12 at 6:03PM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1958, this furnished Scottsdale condo has one bedroom and one bath. It is equipped and currently operates as a short-term rental, with furnishings and equipment included in the sale.
The property is within walking distance of Old Town Scottsdale restaurants, bars, boutiques, art galleries, museums, and entertainment.
The property is within walking distance of Old Town Scottsdale restaurants, bars, boutiques, art galleries, museums, and entertainment.
Key Highlights
- One‑bedroom, one‑bath condo
- Furnished and equipped for short‑term rental use
- Currently operating as a short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,776
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,520
$155.5K
Cap Rate 7%
$111,086
$111.1K
Cap Rate 9%
$86,400
$86.4K
Market Conditions
NOI Build-Up for 672 SF
Gross rent
$14.8K $21.96/SF
− Vacancy
−$620 −$0.92/SF
EGI
$14.1K $21.04/SF
− OpEx
−$6.4K −$9.47/SF
NOI
$7.8K $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%
$155,520
Cap Rate 7%
$111,086
Cap Rate 9%
$86,400
Alternative Uses
Best Use
Apartment 5plus
$111.1K
$97.2K – $129.6K
NOI $7,776 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$220.6K
$193.0K – $257.4K
NOI $15,442 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property 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
Market
Properties on Market for Short term rental properties in Maricopa County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - This one-bedroom, one-bath condo is furnished and currently operated as a short-term rental.
Where is this short term rental property located?
The property is located at 6841 E 2ND Street 16 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condo; Furnished and equipped for short‑term rental use; Currently operating as a short‑term rental
