Furnished Short-Term Rental
New
For Sale
$385,000
7625 E CAMELBACK Road B420, Scottsdale, AZ 85251
Renovated and fully equipped, the residence has a pool view and a large tiled balcony.
Property Size1,140 SF
Days on Market5
Property Features for 7625 E CAMELBACK Road B420
General Information
Standard status
Active
Size
1,140 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$613
Amenities
heated pool
spa
clubhouse
fitness center
balcony
Building Details
Building Size
1,140 SF
Year Built
1971
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Alexander J Mariconda
(480) 767-3619
Source:
Jcluxuryresidential
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 7:55PM
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 Realty Executives Arizona Territory
Investment Insights
Based on property information with market context.
This renovated condo is offered with furnishings and housewares. Interior features include white shaker cabinetry, wood-look tile flooring, granite surfaces, black stainless appliances, and tiled showers. The unit is on the top floor of an elevator-equipped building and includes a large tiled balcony with a view of the pool. The property was built in 1971.
Located in Old Town Scottsdale, the development includes a heated pool and spa, clubhouse, and fitness center. The HOA fee covers cable, electricity, heating and cooling, water, and common-area maintenance. The source information states there are no HOA limits on rentals.
Located in Old Town Scottsdale, the development includes a heated pool and spa, clubhouse, and fitness center. The HOA fee covers cable, electricity, heating and cooling, water, and common-area maintenance. The source information states there are no HOA limits on rentals.
Key Highlights
- Furnished condo includes housewares
- Top‑floor unit in an elevator building with a pool view
- Renovated interior with wood‑look tile, granite surfaces, and black stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,191
Cap Rate
3.43%
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 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$374.2K
$327.5K – $436.6K
NOI $26,196 @ 7.0% cap · market cap 6.80%
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
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Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated and fully equipped, the residence has a pool view and a large tiled balcony.
Where is this short term rental property located?
The property is located at 7625 E CAMELBACK Road B420 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Furnished condo includes housewares; Top‑floor unit in an elevator building with a pool view; Renovated interior with wood‑look tile, granite surfaces, and black stainless appliances
