Updated 2-Bedroom
For Sale
$290,000
7474 E EARLL Drive 112, Scottsdale, AZ 85251
Ground-level condominium with renovated interiors, in-unit laundry, and access to a heated community pool and spa.
Property Size861 SF
Days on Market216
Property Features for 7474 E EARLL Drive 112
General Information
Standard status
Active
Size
861 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$711
Amenities
heated community pool
spa
in-unit washer and dryer
Building Details
Building Size
861 SF
Year Built
1981
Listing Agency:
My Home Group Real Estate
Listed By:
Ian M Toner
(480) 577-3534
Source:
Alexiabertsatos
Added: Apr 2
Changed: Oct 31
Last Checked: Nov 1 at 3:20PM
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 My Home Group Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground-level condominium features two bedrooms and two full bathrooms within an open-concept living area. The interior has updated flooring, contemporary paint, modern cabinetry, stainless steel appliances, and granite countertops. A private washer and dryer are located inside the unit. The primary suite includes a walk-in closet and an ensuite bathroom with updated fixtures and custom tile work, while the second bedroom offers flexibility for guests or office use.
Community amenities include maintained grounds, a heated pool, and a spa. The property is located near Old Town Scottsdale, with Scottsdale Fashion Square, the Waterfront district, dining, nightlife, shopping, and golfing accessible by walking or trolley.
Community amenities include maintained grounds, a heated pool, and a spa. The property is located near Old Town Scottsdale, with Scottsdale Fashion Square, the Waterfront district, dining, nightlife, shopping, and golfing accessible by walking or trolley.
Key Highlights
- Ground‑level 2‑bedroom, 2‑bathroom condominium
- Updated flooring, paint, cabinetry, appliances, and granite countertops
- Private in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,962
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,240
$199.2K
Cap Rate 7%
$142,314
$142.3K
Cap Rate 9%
$110,689
$110.7K
Market Conditions
NOI Build-Up for 861 SF
Gross rent
$18.9K $21.96/SF
− Vacancy
−$794 −$0.92/SF
EGI
$18.1K $21.04/SF
− OpEx
−$8.2K −$9.47/SF
NOI
$10.0K $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%
$199,240
Cap Rate 7%
$142,314
Cap Rate 9%
$110,689
Alternative Uses
Best Use
Apartment 5plus
$142.3K
$124.5K – $166.0K
NOI $9,962 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$282.6K
$247.3K – $329.8K
NOI $19,785 @ 7.0% cap · market cap 6.82%
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
3,531
Businesses Nearby
Explore this area
Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level condominium with renovated interiors, in-unit laundry, and access to a heated community pool and spa.
Where is this residential income property located?
The property is located at 7474 E EARLL Drive 112 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Ground‑level 2‑bedroom, 2‑bathroom condominium; Updated flooring, paint, cabinetry, appliances, and granite countertops; Private in‑unit washer and dryer
