Updated Two-Bedroom
7430 E CHAPARRAL Road A242, Scottsdale, AZ 85250
For Sale
$310,000
Community amenities include two pools, landscaped grounds, barbecue areas, ramadas and a clubhouse with game spaces.
Property Size1,002 SF
Price / SF$309.38
Days on Market34
Property Features for 7430 E CHAPARRAL Road A242
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
two community pools
lush landscaped grounds
BBQ areas
ramadas
clubhouse with pool table room and game room
Building Details
Building Size
Year Built
Listing Agency:
CPA Advantage Realty, LLC
Listed By:
Chris Anthony Castillo
(480) 694-1350
Source:
Inspiredrealestatelife
Added: Oct 7
Changed: Nov 9
Last Checked: Nov 9 at 1:42PM
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 CPA Advantage Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,002-square-foot condominium has two bedrooms and two bathrooms. Improvements include luxury vinyl plank flooring, fresh paint, smoothed ceilings, modern baseboards, updated ceiling fans and new door hardware. Plantation shutters are installed throughout. The primary bathroom has white shaker cabinetry and a fully tiled shower, while the kitchen features white cabinetry and an updated finish, along with a stainless-steel refrigerator. Living and dining areas connect to a private balcony overlooking a water fountain.
The Winfield Place community includes two pools, landscaped grounds, barbecue areas, ramadas and a clubhouse with a pool table room and game room. The property is along the Scottsdale canal, with direct access to walking and biking paths leading to Old Town Scottsdale. Shopping, dining and entertainment are described as minutes away.
The Winfield Place community includes two pools, landscaped grounds, barbecue areas, ramadas and a clubhouse with a pool table room and game room. The property is along the Scottsdale canal, with direct access to walking and biking paths leading to Old Town Scottsdale. Shopping, dining and entertainment are described as minutes away.
Key Highlights
- 1,002‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Private balcony overlooking a water fountain
- Two community pools, landscaped grounds, barbecue areas and ramadas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,594
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,880
$231.9K
Cap Rate 7%
$165,629
$165.6K
Cap Rate 9%
$128,822
$128.8K
Market Conditions
NOI Build-Up for 1,002 SF
Gross rent
$22.0K $21.96/SF
− Vacancy
−$924 −$0.92/SF
EGI
$21.1K $21.04/SF
− OpEx
−$9.5K −$9.47/SF
NOI
$11.6K $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%
$231,880
Cap Rate 7%
$165,629
Cap Rate 9%
$128,822
Alternative Uses
Best Use
Apartment 5plus
$165.6K
$144.9K – $193.2K
NOI $11,594 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$328.9K
$287.8K – $383.8K
NOI $23,025 @ 7.0% cap · market cap 7.43%
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 - Community amenities include two pools, landscaped grounds, barbecue areas, ramadas and a clubhouse with game spaces.
Where is this residential income property located?
The property is located at 7430 E CHAPARRAL Road A242 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,002‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Private balcony overlooking a water fountain; Two community pools, landscaped grounds, barbecue areas and ramadas
