Upgraded Two-Bedroom Income
For Sale
$215,000
7110 E CONTINENTAL Drive 2026, Scottsdale, AZ 85257
Updated unit with a private balcony, covered parking, and access to community amenities.
Property Size829 SF
Days on Market79
Property Features for 7110 E CONTINENTAL Drive 2026
General Information
Standard status
Active
Size
829 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$478
Building Details
Building Size
829 SF
Year Built
2007
Listing Agency:
Russ Lyon Sotheby's International Realty
Listed By:
Valantina Nissan · License #SA674016000
(623) 500-8585
Source:
Alexiabertsatos
Added: Jul 22
Changed: Oct 5
Last Checked: Oct 7 at 6:06PM
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 Russ Lyon Sotheby's International Realty
Investment Insights
Based on property information with market context.
This upgraded residential income property offers a two-bedroom, two-bathroom layout with black and stainless steel appliances, granite countertops, and a washer/dryer combination. The residence also includes a private balcony, covered parking, a walk-in closet, and a primary suite with a newly tiled shower. The property was built in 2007.
Community amenities include two swimming pools, a sports court, and laundry services. The residence is near ASU, Old Town Scottsdale, light rail, trails, and restaurants. With no neighbors directly in front or behind the unit, the setting provides added separation from surrounding residences.
Community amenities include two swimming pools, a sports court, and laundry services. The residence is near ASU, Old Town Scottsdale, light rail, trails, and restaurants. With no neighbors directly in front or behind the unit, the setting provides added separation from surrounding residences.
Key Highlights
- Two‑bedroom, two‑bathroom apartment with upgraded finishes
- Black and stainless steel appliances with granite countertops
- Private balcony and covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,592
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,840
$191.8K
Cap Rate 7%
$137,029
$137.0K
Cap Rate 9%
$106,578
$106.6K
Market Conditions
NOI Build-Up for 829 SF
Gross rent
$18.2K $21.96/SF
− Vacancy
−$765 −$0.92/SF
EGI
$17.4K $21.04/SF
− OpEx
−$7.8K −$9.47/SF
NOI
$9.6K $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%
$191,840
Cap Rate 7%
$137,029
Cap Rate 9%
$106,578
Alternative Uses
Best Use
Apartment 5plus
$137.0K
$119.9K – $159.9K
NOI $9,592 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$272.1K
$238.1K – $317.5K
NOI $19,050 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 85257, AZ
29,187
Population
16,392
Households
1.8
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,230
Density / Sq Mi
$79,828
Median Household Income
$54,580
Median Earnings
$1,812
Median Rent
$453,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated unit with a private balcony, covered parking, and access to community amenities.
Where is this residential income property located?
The property is located at 7110 E CONTINENTAL Drive 2026 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom apartment with upgraded finishes; Black and stainless steel appliances with granite countertops; Private balcony and covered parking
