Ground-Level Two-Bedroom
For Sale
$290,000
7474 E EARLL Drive #112, Scottsdale, AZ 85251
The unit has updated interiors, a private washer and dryer, 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
Amenities
heated community pool
spa
in-unit washer/dryer
Building Details
Building Size
861 SF
Year Built
1981
Stories
3
Listing Agency:
My Home Group Real Estate
Listed By:
Ian M Toner
(480) 577-3534
Source:
Southquest.kw
Added: Apr 2
Changed: Nov 2
Last Checked: Nov 3 at 3:04AM
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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Investment Insights
Based on property information with market context.
This ground-level condominium has two bedrooms and two bathrooms, with an open living area and an updated kitchen featuring granite countertops, cabinetry, and stainless steel appliances. The home also includes a private in-unit washer and dryer, a walk-in closet in the primary bedroom, and updated bathroom finishes. The building dates to 1981.
Community amenities include landscaped grounds, a heated pool, and a spa. The property is near Old Town Scottsdale, Scottsdale Fashion Square, and the Waterfront district, with those destinations described as accessible on foot or by trolley.
Community amenities include landscaped grounds, a heated pool, and a spa. The property is near Old Town Scottsdale, Scottsdale Fashion Square, and the Waterfront district, with those destinations described as accessible on foot or by trolley.
Key Highlights
- Ground‑level unit with 2 bedrooms and 2 bathrooms
- Built in 1981
- Updated kitchen with granite countertops and stainless steel appliances
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.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,531
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit has updated interiors, a private washer and dryer, 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 unit with 2 bedrooms and 2 bathrooms; Built in 1981; Updated kitchen with granite countertops and stainless steel appliances
