Two-Bedroom Residential Income
For Sale
$359,000
7436 E CHAPARRAL Road B219, Scottsdale, AZ 85250
The second-floor residence has a private balcony, new appliances, and access to shared recreation amenities.
Property Size1,002 SF
Price / SF$358.28
Days on Market226
Property Features for 7436 E CHAPARRAL Road B219
General Information
Standard status
Active
Size
1,002 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$925
Amenities
private balcony
covered parking
brand-new appliances
heated pools
spa/sauna
clubhouse
BBQ areas
lush landscaping
on-site management
Building Details
Building Size
1,002 SF
Year Built
1975
Listing Agency:
Realty ONE Group
Listed By:
Andrzej Niemyjski
(602) 384-4349
Source:
Bvoluxury
Added: Mar 19
Changed: Oct 26
Last Checked: Oct 26 at 11:28AM
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 Realty ONE Group
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Investment Insights
Based on property information with market context.
This 1,002-square-foot, second-floor condominium in Winfield Place has two bedrooms and two bathrooms. Built in 1975, the unit has an open layout, a private balcony, new appliances, and modern finishes. Covered parking is included.
Residents have access to two heated pools, a spa and sauna, a clubhouse, BBQ areas, and landscaped grounds. On-site management serves the community, and a canal path is directly accessible. Old Town, Fashion Square, dining, nightlife, spring training, and galleries are described as minutes away.
Residents have access to two heated pools, a spa and sauna, a clubhouse, BBQ areas, and landscaped grounds. On-site management serves the community, and a canal path is directly accessible. Old Town, Fashion Square, dining, nightlife, spring training, and galleries are described as minutes away.
Key Highlights
- Two bedrooms and two bathrooms in 1,002 square feet
- Second‑floor unit with a private balcony
- Covered parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,594
Cap Rate
3.23%
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 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$328.9K
$287.8K – $383.8K
NOI $23,025 @ 7.0% cap · market cap 6.41%
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
Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor residence has a private balcony, new appliances, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 7436 E CHAPARRAL Road B219 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,002 square feet; Second‑floor unit with a private balcony; Covered parking included
