Two-Bedroom Short-Term
For Sale
$380,000
7625 E CAMELBACK Road S B227, Scottsdale, AZ 85251
Furnished income property with established short-term rental use, resort-style amenities, and utilities included through the HOA.
Property Size1,066 SF
Days on Market198
Property Features for 7625 E CAMELBACK Road S B227
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$573
Amenities
heated pools
Building Details
Building Size
1,066 SF
Year Built
1971
Listing Agency:
HomeSmart Realty
Listed By:
Katrina Nassar
(602) 410-2625
Source:
Jcluxuryresidential
Added: Apr 4
Changed: Oct 4
Last Checked: Oct 16 at 6:26PM
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 HomeSmart Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath property is currently operated as a short-term rental and has been maintained for guest comfort and hospitality. The home has been used as a vacation rental for four years, with bookings reported across all seasons. Guest-facing performance includes Superhost and Guest Favorite recognition for three consecutive years, along with a 4.92-star median rating.
The HOA fee includes all utilities and basic cable, while the community provides heated pools available year-round. Built in 1971, the property is being offered with its existing short-term rental operation and related booking presence.
The HOA fee includes all utilities and basic cable, while the community provides heated pools available year-round. Built in 1971, the property is being offered with its existing short-term rental operation and related booking presence.
Key Highlights
- Two‑bedroom, two‑bath short‑term rental property
- Operated as a short‑term rental for 4 years
- Superhost and Guest Favorite recognition for 3 consecutive years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,334
Cap Rate
3.25%
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 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$349.9K
$306.2K – $408.3K
NOI $24,496 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
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 - Furnished income property with established short-term rental use, resort-style amenities, and utilities included through the HOA.
Where is this short term rental property located?
The property is located at 7625 E CAMELBACK Road S B227 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath short‑term rental property; Operated as a short‑term rental for 4 years; Superhost and Guest Favorite recognition for 3 consecutive years
