Short-Term Rental
New
For Sale
$369,000
7625 E CAMELBACK Road B250, Scottsdale, AZ 85251
Furnished residence with grandfathered short-term rental status and access to community fitness and pool amenities.
Property Size1,140 SF
Days on Market5
Property Features for 7625 E CAMELBACK Road B250
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$613
Amenities
full gym
heated pools
covered parking
private storage locker
Building Details
Building Size
1,140 SF
Year Built
1971
Listing Agency:
West USA Realty
Listed By:
Brian Timpani · License #SA651416000
(480) 489-0746
Source:
Alexiabertsatos
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:13AM
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 West USA Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This furnished condominium has 2 bedrooms and 2 bathrooms, along with covered parking and a private storage locker. Built in 1971, the unit is among those in the community grandfathered for short-term rental use. The homeowners association covers utilities and common areas, and residents have access to a gym and heated pools.
Shopping, dining, spring training facilities, and Old Town Scottsdale are within walking distance. The unit has a north-south orientation within the community.
Shopping, dining, spring training facilities, and Old Town Scottsdale are within walking distance. The unit has a north-south orientation within the community.
Key Highlights
- 2‑bedroom, 2‑bath furnished condominium
- Grandfathered eligibility for short‑term rental use
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,191
Cap Rate
3.57%
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 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$374.2K
$327.5K – $436.6K
NOI $26,196 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished residence with grandfathered short-term rental status and access to community fitness and pool amenities.
Where is this short term rental property located?
The property is located at 7625 E CAMELBACK Road B250 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath furnished condominium; Grandfathered eligibility for short‑term rental use; Built in 1971
