Furnished Residential Income
For Sale
$372,500
7625 E CAMELBACK Road B147, Scottsdale, AZ 85251
The furnished condo includes access to a pool, spa, fitness center, and clubhouse.
Property Size1,140 SF
Price / SF$326.75
Days on Market117
Property Features for 7625 E CAMELBACK Road B147
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$613
Amenities
pool
spa
fitness center
clubhouse
landscaped grounds
Building Details
Building Size
1,140 SF
Year Built
1971
Listing Agency:
HomeSmart Lifestyles
Listed By:
Jill K Hairston
(480) 861-5557
Source:
Curiare
Added: Jul 9
Changed: Oct 26
Last Checked: Oct 31 at 12:30PM
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 Lifestyles
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,140-square-foot furnished condominium was built in 1971 and is located within Maya Condominiums. Community amenities include a pool, spa, fitness center, clubhouse, and landscaped grounds.
The property is minutes from Old Town Scottsdale, with shopping, dining, golf, parks, and entertainment in the surrounding area. HOA coverage includes electricity, air conditioning, heat, water, sewer, trash, roof, exterior building maintenance, and common-area amenities.
The property is minutes from Old Town Scottsdale, with shopping, dining, golf, parks, and entertainment in the surrounding area. HOA coverage includes electricity, air conditioning, heat, water, sewer, trash, roof, exterior building maintenance, and common-area amenities.
Key Highlights
- 1,140‑square‑foot furnished condominium
- HOA covers electricity, air conditioning, heat, water, sewer, and trash
- HOA also covers the roof, exterior building maintenance, and common‑area amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,191
Cap Rate
3.54%
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 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$374.2K
$327.5K – $436.6K
NOI $26,196 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Residential income property - The furnished condo includes access to a pool, spa, fitness center, and clubhouse.
Where is this residential income property located?
The property is located at 7625 E CAMELBACK Road B147 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $372,500.
What are key features of this property?
This property features: 1,140‑square‑foot furnished condominium; HOA covers electricity, air conditioning, heat, water, sewer, and trash; HOA also covers the roof, exterior building maintenance, and common‑area amenities
