Ground-Floor Residential Income
For Sale
$310,000
7625 E Camelback Road A114, Scottsdale, AZ 85251
Upgraded condominium residence with a private patio and stair-free entry.
Property Size752 SF
Days on Market55
Property Features for 7625 E Camelback Road A114
General Information
Standard status
Active
Size
752 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$341
Building Details
Building Size
752 SF
Year Built
1972
Listing Agency:
Tierra Antigua Realty, LLC
Listed By:
Jose Campillo
(520) 979-2267
Source:
Alexiabertsatos
Added: Aug 15
Changed: Oct 2
Last Checked: Oct 7 at 3:27PM
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 Tierra Antigua Realty, LLC
Investment Insights
Based on property information with market context.
This upgraded one-bedroom, one-bathroom residence is located on the ground floor of Maya Condominiums, with direct, stair-free access and a private patio. Interior improvements include smooth flat-textured walls, fresh paint, contemporary lighting, and updated ceiling fans. The remodeled bathroom features a custom walk-in shower with a tempered glass sliding door. In the kitchen, granite countertops, stainless steel appliances, and ample cabinetry connect to the living area in an open arrangement.
The residence faces Miller Road and is situated near Old Town Scottsdale dining, shopping, and nightlife. The condominium community was built in 1972.
The residence faces Miller Road and is situated near Old Town Scottsdale dining, shopping, and nightlife. The condominium community was built in 1972.
Key Highlights
- One‑bedroom, one‑bathroom condominium residence
- Ground‑floor position with stair‑free access
- Private ground‑level patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,701
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,020
$174.0K
Cap Rate 7%
$124,300
$124.3K
Cap Rate 9%
$96,678
$96.7K
Market Conditions
NOI Build-Up for 752 SF
Gross rent
$16.5K $21.96/SF
− Vacancy
−$694 −$0.92/SF
EGI
$15.8K $21.04/SF
− OpEx
−$7.1K −$9.47/SF
NOI
$8.7K $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%
$174,020
Cap Rate 7%
$124,300
Cap Rate 9%
$96,678
Alternative Uses
Best Use
Apartment 5plus
$124.3K
$108.8K – $145.0K
NOI $8,701 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$246.9K
$216.0K – $288.0K
NOI $17,280 @ 7.0% cap · market cap 5.57%
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Upgraded condominium residence with a private patio and stair-free entry.
Where is this residential income property located?
The property is located at 7625 E Camelback Road A114 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condominium residence; Ground‑floor position with stair‑free access; Private ground‑level patio
