End-Unit Residential Income
For Sale
$475,000
7027 N SCOTTSDALE Road #125, Paradise Valley, AZ 85253
The lower-level residence is part of a gated community with a pool and fitness center.
Property Size1,233 SF
Price / SF$385.24
Days on Market46
Property Features for 7027 N SCOTTSDALE Road #125
General Information
Standard status
Active
Size
1,233 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
gated entry
pool
fitness center
Building Details
Year Built
2004
Construction
Mediterranean-style
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Sep 17
Changed: Oct 31
Last Checked: Oct 31 at 2:17PM
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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
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This 1,233-square-foot lower-level end unit was built in 2004. The residence has tile flooring, multiple windows, a courtyard entry, and gated access. Community amenities include a pool and fitness center, with the unit also situated near the garage and mail center.
Located at 7027 N Scottsdale Road in Paradise Valley, the property is described as near a golf course.
Located at 7027 N Scottsdale Road in Paradise Valley, the property is described as near a golf course.
Key Highlights
- 1,233‑square‑foot lower‑level end unit
- Built in 2004
- Tile flooring and courtyard entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,916
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,320
$278.3K
Cap Rate 7%
$198,800
$198.8K
Cap Rate 9%
$154,622
$154.6K
Market Conditions
NOI Build-Up for 1,233 SF
Gross rent
$26.6K $21.60/SF
− Vacancy
−$1.3K −$1.08/SF
EGI
$25.3K $20.52/SF
− OpEx
−$11.4K −$9.23/SF
NOI
$13.9K $11.29/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,320
Cap Rate 7%
$198,800
Cap Rate 9%
$154,622
Alternative Uses
Best Use
Apartment 5plus
$198.8K
$174.0K – $231.9K
NOI $13,916 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$381.4K
$333.7K – $445.0K
NOI $26,698 @ 7.0% cap · market cap 5.62%
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
902
Businesses Nearby
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Business Placement
Demographics for 85253, AZ
17,358
Population
8,815
Households
2
Avg Household Size
53
Median Age
71%
College-Educated
98%
High-School Grad
18.1 sq mi
ZIP Area
959
Density / Sq Mi
$182,150
Median Household Income
$79,848
Median Earnings
$1,935
Median Rent
$2,000,001
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The lower-level residence is part of a gated community with a pool and fitness center.
Where is this residential income property located?
The property is located at 7027 N SCOTTSDALE Road #125 Paradise Valley, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,233‑square‑foot lower‑level end unit; Built in 2004; Tile flooring and courtyard entry
