Short-Term Rental Unit with Covered
For Sale
$235,000
7625 E CAMELBACK Road A311, Scottsdale, AZ 85251
Open-plan accommodations include a private covered outdoor area and access to shared recreation and fitness amenities.
Property Size752 SF
Days on Market13
Property Features for 7625 E CAMELBACK Road A311
General Information
Standard status
Active
Size
752 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$405
Amenities
private covered outdoor space
heated pool
spa
fitness room
community lounge
Building Details
Building Size
752 SF
Year Built
1971
Listing Agency:
Two Brothers Realty & Co
Listed By:
Gregory Klei
(602) 410-5537
Source:
Alexiabertsatos
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 27 at 1:31AM
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 Two Brothers Realty & Co
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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 short-term rental property is an open-layout unit built in 1971, with a private covered outdoor space. Residents and guests have access to a heated pool, spa, fitness room, and community lounge. The property is approved for short-term rentals.
Located in Scottsdale, the unit is across the street from Sprouts Farmers Market, coffee shops, and restaurants. Downtown Scottsdale’s Entertainment District, galleries, and Fashion Square mall are within walking distance.
The HOA covers heating and cooling, water, sewer, electricity, garbage, and basic cable.
Located in Scottsdale, the unit is across the street from Sprouts Farmers Market, coffee shops, and restaurants. Downtown Scottsdale’s Entertainment District, galleries, and Fashion Square mall are within walking distance.
The HOA covers heating and cooling, water, sewer, electricity, garbage, and basic cable.
Key Highlights
- Short‑term rental approval
- Private covered outdoor space and open layout
- Community amenities include a heated pool, spa, fitness room, and lounge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,701
Cap Rate
3.70%
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 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$246.9K
$216.0K – $288.0K
NOI $17,280 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Short term rental property - Open-plan accommodations include a private covered outdoor area and access to shared recreation and fitness amenities.
Where is this short term rental property located?
The property is located at 7625 E CAMELBACK Road A311 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Short‑term rental approval; Private covered outdoor space and open layout; Community amenities include a heated pool, spa, fitness room, and lounge
