Ground-Level Income
For Sale
$370,000
7625 E CAMELBACK Road 151A, Scottsdale, AZ 85251
Updated condominium residence with a patio, pool access, and a new chiller/mini split system.
Property Size1,140 SF
Days on Market195
Property Features for 7625 E CAMELBACK Road 151A
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$613
Building Details
Building Size
1,140 SF
Year Built
1971
Listing Agency:
Barrett Real Estate
Listed By:
Virginia Braden
(480) 390-9362
Source:
Jcluxuryresidential
Added: Apr 23
Changed: Oct 31
Last Checked: Nov 3 at 12:18PM
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 Barrett Real Estate
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Investment Insights
Based on property information with market context.
Located within Maya Condominiums, this ground-level residential income property offers an open interior with recent flooring improvements and a new chiller/mini split system. Direct access to a private patio extends the living area outdoors, while the community includes a pool and landscaped grounds.
The residence is positioned in Scottsdale near Old Town, Scottsdale Fashion Square, restaurants, nightlife, and Chaparral Park. Built in 1971, the property is presented as suitable for full-time occupancy, a vacation residence, or rental use.
The residence is positioned in Scottsdale near Old Town, Scottsdale Fashion Square, restaurants, nightlife, and Chaparral Park. Built in 1971, the property is presented as suitable for full-time occupancy, a vacation residence, or rental use.
Key Highlights
- Ground‑level residence in Maya Condominiums
- New flooring and new chiller/mini split system
- Direct access to a private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,191
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,820
$263.8K
Cap Rate 7%
$188,443
$188.4K
Cap Rate 9%
$146,567
$146.6K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$25.0K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$24.0K $21.04/SF
− OpEx
−$10.8K −$9.47/SF
NOI
$13.2K $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%
$263,820
Cap Rate 7%
$188,443
Cap Rate 9%
$146,567
Alternative Uses
Best Use
Apartment 5plus
$188.4K
$164.9K – $219.9K
NOI $13,191 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$374.2K
$327.5K – $436.6K
NOI $26,196 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,231
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 - Updated condominium residence with a patio, pool access, and a new chiller/mini split system.
Where is this residential income property located?
The property is located at 7625 E CAMELBACK Road 151A Scottsdale, AZ.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Ground‑level residence in Maya Condominiums; New flooring and new chiller/mini split system; Direct access to a private patio
