Updated Residential Income
For Sale
$119,000
720 N 82ND Street E208, Scottsdale, AZ 85257
An enclosed balcony and adaptable den/office space complement refreshed interiors and an eat-in kitchen.
Property Size853 SF
Price / SF$139.51
Days on Market305
Property Features for 720 N 82ND Street E208
General Information
Standard status
Active
Size
853 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
HOA Fee
$364
Multifamily Units
1
Amenities
laundry
pool
sport court
picnic area
play area
Building Details
Building Size
853 SF
Year Built
1962
Listing Agency:
West USA Realty
Listed By:
Janice G Galvin · License #BR021759000
(602) 432-8298
Source:
Arizonaproperrealestate
Added: Jan 2
Changed: Oct 29
Last Checked: Oct 31 at 5:25AM
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 West USA Realty
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Investment Insights
Based on property information with market context.
This 853-square-foot residential property, built in 1962, has two bedrooms and an enclosed balcony that can serve as den or office space. The interior includes new carpet in the bedrooms and living area, tile flooring at the entry, an updated full bathroom, and an eat-in kitchen. The property is in a cooperative community with no rentals permitted and cash-only purchases. A monthly fee covers taxes, blanket insurance, water, garbage, and repairs to specified building systems and equipment.
Community amenities include seven pools, 13 laundry rooms, a sport court, picnic areas, and play areas. The unit is near parking, an upstairs laundry room, the pool, and mail facilities. Nearby transportation options include bus service and the Scottsdale Trolley, with shopping, parks, and schools also in the surrounding area. The property is near the 101 and 202 freeways.
Community amenities include seven pools, 13 laundry rooms, a sport court, picnic areas, and play areas. The unit is near parking, an upstairs laundry room, the pool, and mail facilities. Nearby transportation options include bus service and the Scottsdale Trolley, with shopping, parks, and schools also in the surrounding area. The property is near the 101 and 202 freeways.
Key Highlights
- Two bedrooms and 853 square feet
- Enclosed balcony with den or office use
- New carpet in bedrooms and living area; tile entry flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,870
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,400
$197.4K
Cap Rate 7%
$141,000
$141.0K
Cap Rate 9%
$109,667
$109.7K
Market Conditions
NOI Build-Up for 853 SF
Gross rent
$18.7K $21.96/SF
− Vacancy
−$787 −$0.92/SF
EGI
$17.9K $21.04/SF
− OpEx
−$8.1K −$9.47/SF
NOI
$9.9K $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%
$197,400
Cap Rate 7%
$141,000
Cap Rate 9%
$109,667
Alternative Uses
Best Use
Apartment 5plus
$141.0K
$123.4K – $164.5K
NOI $9,870 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$280.0K
$245.0K – $326.7K
NOI $19,601 @ 7.0% cap · market cap 16.47%
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 - An enclosed balcony and adaptable den/office space complement refreshed interiors and an eat-in kitchen.
Where is this residential income property located?
The property is located at 720 N 82ND Street E208 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: Two bedrooms and 853 square feet; Enclosed balcony with den or office use; New carpet in bedrooms and living area; tile entry flooring
