Furnished Short-Term Rental
New
For Sale
$375,000
7625 E Camelback Rd #A228, Scottsdale, AZ 85251
Two private ensuite baths and a covered patio accommodate guest stays or full-time residential use.
Property Size1,066 SF
Price / SF$351.78
Days on Market1
Property Features for 7625 E Camelback Rd #A228
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
covered patio
pool
spa
Building Details
Year Built
1971
Listing Agency:
Offerpad Brokerage, LLC
(480) 470-2210
Listed By:
Jeremy Jennings · License #SA684096000
(623) 986-6650
Source:
Theazliving
Added: Oct 30
Last Checked: Oct 30 at 2:09PM
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 Offerpad Brokerage, LLC
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Investment Insights
Based on property information with market context.
This 1,066-square-foot, two-bedroom condo was built in 1971 and is offered furnished. Both bedrooms have private ensuite bathrooms. The unit also features a covered patio with courtyard views toward the community pool and spa. Short-term rentals are permitted, and the condo can also serve as a full-time residence or seasonal home.
At 7625 E Camelback Rd in Scottsdale, the property is within walking distance of Scottsdale Fashion Square, Old Town dining and nightlife, and spring training. Miller Road provides nearby access. HOA coverage includes electricity, water, sewer, trash, and basic cable.
At 7625 E Camelback Rd in Scottsdale, the property is within walking distance of Scottsdale Fashion Square, Old Town dining and nightlife, and spring training. Miller Road provides nearby access. HOA coverage includes electricity, water, sewer, trash, and basic cable.
Key Highlights
- Furnished two‑bedroom condo with 1,066 square feet
- Short‑term rentals permitted
- Both bedrooms have private ensuite bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,334
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,680
$246.7K
Cap Rate 7%
$176,200
$176.2K
Cap Rate 9%
$137,044
$137.0K
Market Conditions
NOI Build-Up for 1,066 SF
Gross rent
$23.4K $21.96/SF
− Vacancy
−$983 −$0.92/SF
EGI
$22.4K $21.04/SF
− OpEx
−$10.1K −$9.47/SF
NOI
$12.3K $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%
$246,680
Cap Rate 7%
$176,200
Cap Rate 9%
$137,044
Alternative Uses
Best Use
Apartment 5plus
$176.2K
$154.2K – $205.6K
NOI $12,334 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$349.9K
$306.2K – $408.3K
NOI $24,496 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,231
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - Two private ensuite baths and a covered patio accommodate guest stays or full-time residential use.
Where is this short term rental property located?
The property is located at 7625 E Camelback Rd #A228 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Furnished two‑bedroom condo with 1,066 square feet; Short‑term rentals permitted; Both bedrooms have private ensuite bathrooms
