Two-Bedroom Cooperative
For Sale
$137,000
720 N 82ND Street E107, Scottsdale, AZ 85257
Ground-floor residence features a private covered patio and assigned covered parking.
Property Size773 SF
Price / SF$177.23
Days on Market468
Property Features for 720 N 82ND Street E107
General Information
Standard status
Active
Size
773 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$364
Amenities
laundry rooms
pools
sport court
picnic areas
play areas
Building Details
Building Size
773 SF
Year Built
1963
Listing Agency:
Keller Williams Realty Sonoran Living
Listed By:
BVO Luxury Group · License #01428775
(833) 286-7653
Source:
Bvoluxury
Added: Jul 18, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:00PM
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 Keller Williams Realty Sonoran Living
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Investment Insights
Based on property information with market context.
This 773-square-foot, ground-floor cooperative unit was built in 1963 and has two bedrooms and one bathroom. Updates include the kitchen, bathroom, flooring, doors, windows, and paint. The eat-in kitchen is equipped with a side-by-side refrigerator with ice and water, granite countertops, soft-close cabinetry, and a deep sink. A gated patio and covered parking are also included.
Ownership is cash-only, rentals are prohibited, and buyers complete board and credit approval. Membership is for life. The monthly cooperative charge covers taxes, water, termite service, roofs and buildings, repairs to the air-conditioning and heating units, water heater, and in-wall electrical and plumbing systems. Community amenities include 13 laundry rooms, 7 pools—2 heated—as well as a sport court, picnic areas, and play areas.
The property is near the 202 and 101 freeways, shopping, parks, a bus stop, and a free trolley.
Ownership is cash-only, rentals are prohibited, and buyers complete board and credit approval. Membership is for life. The monthly cooperative charge covers taxes, water, termite service, roofs and buildings, repairs to the air-conditioning and heating units, water heater, and in-wall electrical and plumbing systems. Community amenities include 13 laundry rooms, 7 pools—2 heated—as well as a sport court, picnic areas, and play areas.
The property is near the 202 and 101 freeways, shopping, parks, a bus stop, and a free trolley.
Key Highlights
- 773‑square‑foot, two‑bedroom, one‑bath cooperative unit
- Ground‑floor layout with private, gated covered patio and covered parking
- Kitchen updates include granite counters, soft‑close cabinets, deep sink, and side‑by‑side refrigerator with ice and water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,944
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,880
$178.9K
Cap Rate 7%
$127,771
$127.8K
Cap Rate 9%
$99,378
$99.4K
Market Conditions
NOI Build-Up for 773 SF
Gross rent
$17.0K $21.96/SF
− Vacancy
−$713 −$0.92/SF
EGI
$16.3K $21.04/SF
− OpEx
−$7.3K −$9.47/SF
NOI
$8.9K $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%
$178,880
Cap Rate 7%
$127,771
Cap Rate 9%
$99,378
Alternative Uses
Best Use
Apartment 5plus
$127.8K
$111.8K – $149.1K
NOI $8,944 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$253.8K
$222.0K – $296.1K
NOI $17,763 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
356
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 - Ground-floor residence features a private covered patio and assigned covered parking.
Where is this residential income property located?
The property is located at 720 N 82ND Street E107 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $137,000.
What are key features of this property?
This property features: 773‑square‑foot, two‑bedroom, one‑bath cooperative unit; Ground‑floor layout with private, gated covered patio and covered parking; Kitchen updates include granite counters, soft‑close cabinets, deep sink, and side‑by‑side refrigerator with ice and water
