Two-Bedroom Income
For Sale
$285,000
7494 E EARLL Drive 115, Scottsdale, AZ 85251
Condominium near Old Town, ASU, and the Honor Health Osborn employment center.
Property Size861 SF
Days on Market71
Property Features for 7494 E EARLL Drive 115
General Information
Standard status
Active
Size
861 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$717
Building Details
Building Size
861 SF
Year Built
1983
Listing Agency:
Civic Center Real Estate
Listed By:
Chris Bianco · License #BR641764000
(602) 291-2090
Source:
Alexiabertsatos
Added: Jul 30
Changed: Sep 27
Last Checked: Oct 7 at 5:10PM
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 Civic Center Real Estate
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium was built in 1983 and is presented as move-in ready. The property is positioned for several residential income strategies identified in the listing, including use as an investment property, vacation rental, or student rental associated with ASU.
The home is near Old Town dining and entertainment, with the Honor Health Osborn employment center located 2 blocks away. Major highways and airports are also accessible from the property. Its Scottsdale address places the residence within an established urban setting suited to both personal occupancy and rental use.
The home is near Old Town dining and entertainment, with the Honor Health Osborn employment center located 2 blocks away. Major highways and airports are also accessible from the property. Its Scottsdale address places the residence within an established urban setting suited to both personal occupancy and rental use.
Key Highlights
- Two‑bedroom, two‑bath condominium
- Built in 1983
- Located 2 blocks from Honor Health Osborn employment center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,962
Cap Rate
3.50%
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 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$282.6K
$247.3K – $329.8K
NOI $19,785 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium near Old Town, ASU, and the Honor Health Osborn employment center.
Where is this residential income property located?
The property is located at 7494 E EARLL Drive 115 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium; Built in 1983; Located 2 blocks from Honor Health Osborn employment center
