Ground-Floor Short-Term Rental
For Sale
$320,000
Pending
7625 E CAMELBACK Road A105, Scottsdale, AZ 85251
Upgraded condo with covered and outdoor patios, plus a community pool, fitness center, hot tub, and BBQ grills.
Property Size1,140 SF
Days on Market58
Property Features for 7625 E CAMELBACK Road A105
General Information
Standard status
Pending
Size
1,140 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$611
Amenities
heated pool
hot tub
BBQ grills
fitness center
covered patio/sunroom
outdoor patio
Building Details
Building Size
1,140 SF
Year Built
1971
Listing Agency:
HomeSmart
Listed By:
Danielle Bradley
(480) 930-6612
Source:
Alexiabertsatos
Added: Aug 10
Changed: Oct 4
Last Checked: Oct 6 at 12:12AM
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
Investment Insights
Based on property information with market context.
This ground-floor condominium was built in 1971 and has an upgraded interior with two bedrooms, two full bathrooms, and a kitchen finished with granite countertops. The living area connects to a covered patio or sunroom, while sliding glass doors lead to a second outdoor patio. Furnishings may remain with the property, and short-term rentals are allowed.
Residents have access to a heated pool, hot tub, BBQ grills, and fitness center. The HOA covers heating and cooling, water, sewer, electricity, garbage, and basic cable. The property is in Old Town Scottsdale, within a short walk of dining, shopping, nightlife, and entertainment.
Residents have access to a heated pool, hot tub, BBQ grills, and fitness center. The HOA covers heating and cooling, water, sewer, electricity, garbage, and basic cable. The property is in Old Town Scottsdale, within a short walk of dining, shopping, nightlife, and entertainment.
Key Highlights
- Short‑term rentals allowed with furnishings eligible to remain
- Two bedrooms and two full bathrooms
- Upgraded kitchen with granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,191
Cap Rate
4.12%
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 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$374.2K
$327.5K – $436.6K
NOI $26,196 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Upgraded condo with covered and outdoor patios, plus a community pool, fitness center, hot tub, and BBQ grills.
Where is this short term rental property located?
The property is located at 7625 E CAMELBACK Road A105 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Short‑term rentals allowed with furnishings eligible to remain; Two bedrooms and two full bathrooms; Upgraded kitchen with granite countertops
