Two-Bedroom Condominium with
For Sale
$300,000
7820 E Camelback Road #311, Scottsdale, AZ 85251
Third-floor condo with a private balcony, elevator access, and a trash chute, featuring 2 bedrooms and 2 full bathrooms.
Property Size1,379 SF
Price / SF$217.55
Days on Market18
Property Features for 7820 E Camelback Road #311
General Information
Standard status
Active
Size
1,379 SF
Property subtype
Apartment
Amenities
three sparkling pools
tennis courts
nearby golf course
walking paths
art studio
ceramics studio
woodshop
game room
library
outdoor patios
community BBQ grills
access elevator
trash chute
Building Details
Building Size
1,379 SF
Year Built
1974
Listing Agency:
Keller Williams Arizona Realty
(602) 518-2293
Listed By:
Kelly Henderson · License #BR641663000
(602) 518-2293
Source:
Aznewhorizonrealty
Added: Jul 16
Changed: Jul 28
Last Checked: Jul 27 at 5:38AM
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 Keller Williams Arizona Realty
Investment Insights
Based on property information with market context.
Well-maintained 2-bedroom, 2-bath condominium in the Scottsdale Shadows community. The third-floor layout includes a bright living and dining area, a private balcony, and two full bathrooms for everyday convenience. Additional practicality is built in with elevator access and a trash chute, and the home is positioned for added privacy with no neighbor on one side.
Residents enjoy an extensive amenity set within Scottsdale Shadows, including three pools, tennis courts, walking paths, and a range of creative and social spaces such as an art studio, ceramics studio, woodshop, game room, and library. Outdoor gathering areas include patios and community BBQ grills, and there is also mention of a nearby golf course.
Location is positioned for easy access to Old Town Scottsdale, with walkable access to restaurants, boutique shopping, art galleries, and entertainment. The property is also described as being minutes from golf courses and spring training facilities.
Residents enjoy an extensive amenity set within Scottsdale Shadows, including three pools, tennis courts, walking paths, and a range of creative and social spaces such as an art studio, ceramics studio, woodshop, game room, and library. Outdoor gathering areas include patios and community BBQ grills, and there is also mention of a nearby golf course.
Location is positioned for easy access to Old Town Scottsdale, with walkable access to restaurants, boutique shopping, art galleries, and entertainment. The property is also described as being minutes from golf courses and spring training facilities.
Key Highlights
- 1974‑built 2‑bedroom, 2‑bath condominium in the Scottsdale Shadows community
- Third‑floor unit with private balcony
- Convenient elevator access and a trash chute
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.3k | $21.96 |
| − Vacancy | −$1.3k | −$0.92 |
| EGI | $29.0k | $21.04 |
| − OpEx | −$13.1k | −$9.47 |
| NOI | $16.0k | $11.57 |
1,379 SF · lease $21.96/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$452.7K
$396.1K – $528.1K
NOI $31,688 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,238
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
Properties on Market for Residential income properties in Scottsdale
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor condo with a private balcony, elevator access, and a trash chute, featuring 2 bedrooms and 2 full bathrooms.
Where is this residential income property located?
The property is located at 7820 E Camelback Road #311 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1974‑built 2‑bedroom, 2‑bath condominium in the Scottsdale Shadows community; Third‑floor unit with private balcony; Convenient elevator access and a trash chute
