Second-Floor
7430 E Chaparral Road #A223, Scottsdale, AZ 85250
For Sale
New
$209,900
The one-bedroom residence includes a private south-facing patio and access to shared recreation amenities.
Property Size697 SF
Price / SF$301.15
Days on Market4
Property Features for 7430 E Chaparral Road #A223
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
heated pools
spa
sauna
clubhouse
billiards
community gathering spaces
community laundry rooms
private patio
Full Bth Master Bdrm
High Speed Internet
Furnished(See Rmrks)
Balcony
Storage
Building Details
Building Size
Year Built
Stories
Listing Agency:
West USA Realty
(480) 948-5554
Listed By:
Angela R Wipperfurth
(602) 525-6410
Source:
Justsellingaz
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 4:06PM
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 West USA Realty
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Investment Insights
Based on property information with market context.
This 697-square-foot condominium is on the second floor and includes one bedroom, one bathroom, a galley kitchen, dining area, and living room. A private south-facing patio extends the living space, with views of community green space and Camelback Mountain. The unit has the option to add an in-unit washer and dryer; four community laundry rooms are also available.
Winfield Place has two heated pools, a spa, sauna, clubhouse, billiards, shared gathering areas, and landscaped grounds. Walking and biking routes along a nearby canal system are accessible from the community. The property is near Scottsdale Road and Chaparral Road, with Old Town Scottsdale, Scottsdale Fashion Square, and Chaparral Park among the nearby destinations. Built in 1975.
Winfield Place has two heated pools, a spa, sauna, clubhouse, billiards, shared gathering areas, and landscaped grounds. Walking and biking routes along a nearby canal system are accessible from the community. The property is near Scottsdale Road and Chaparral Road, with Old Town Scottsdale, Scottsdale Fashion Square, and Chaparral Park among the nearby destinations. Built in 1975.
Key Highlights
- 697‑square‑foot, one‑bedroom, one‑bathroom condominium
- Second‑floor unit with private south‑facing patio
- In‑unit washer and dryer installation option; four shared laundry rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,065
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,300
$161.3K
Cap Rate 7%
$115,214
$115.2K
Cap Rate 9%
$89,611
$89.6K
Market Conditions
NOI Build-Up for 697 SF
Gross rent
$15.3K $21.96/SF
− Vacancy
−$643 −$0.92/SF
EGI
$14.7K $21.04/SF
− OpEx
−$6.6K −$9.47/SF
NOI
$8.1K $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%
$161,300
Cap Rate 7%
$115,214
Cap Rate 9%
$89,611
Alternative Uses
Best Use
Apartment 5plus
$115.2K
$100.8K – $134.4K
NOI $8,065 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$228.8K
$200.2K – $266.9K
NOI $16,016 @ 7.0% cap · market cap 7.63%
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
1,814
Businesses Nearby
Explore this area
Business Placement
Demographics for 85250, AZ
16,501
Population
10,066
Households
1.6
Avg Household Size
48
Median Age
58%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
1,964
Density / Sq Mi
$89,133
Median Household Income
$65,984
Median Earnings
$1,762
Median Rent
$507,500
Median Home Value
Market
Properties on Market for Residential income properties in Scottsdale
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom residence includes a private south-facing patio and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 7430 E Chaparral Road #A223 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 697‑square‑foot, one‑bedroom, one‑bathroom condominium; Second‑floor unit with private south‑facing patio; In‑unit washer and dryer installation option; four shared laundry rooms
