Top-Floor Two-Bedroom Residential
7840 E Camelback Road #509, Scottsdale, AZ 85251
For Sale
$285,000
An updated kitchen and enclosed air-conditioned patio complement the unit’s open living area and private balcony.
Property Size1,200 SF
Price / SF$237.50
Days on Market13
Property Features for 7840 E Camelback Road #509
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Sprinkler System
Taxes and HOA fees
Annual Taxes
Amenities
patio
balcony
Full Bth Master Bdrm
Double Vanity
Breakfast Bar
Kitchen Island
Granite Counters
High Speed Internet
No Interior Steps
Balcony
Building Details
Building Size
Year Built
Stories
Listing Agency:
DeLex Realty
(602) 910-3002
Listed By:
Joshua Moore
(623) 680-7056
Source:
Azhomeseekers
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 13 at 8:03PM
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 DeLex Realty
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Investment Insights
Based on property information with market context.
This 1,200-square-foot, two-bedroom top-floor end unit was built in 1981. Its open layout connects the living areas, while an enclosed, air-conditioned patio has windows that open. Wood-look flooring, fire sprinklers and abundant natural light are among the interior features. The kitchen includes stainless steel appliances, granite counters, a subway tile backsplash, ample cabinetry and a center island. The primary bedroom has two mirrored-door closets and an ensuite bathroom with dual sinks and an enclosed glass shower.
A balcony offers mountain views. The unit also has an enclosed patio, providing a separate space with operable windows.
A balcony offers mountain views. The unit also has an enclosed patio, providing a separate space with operable windows.
Key Highlights
- 1,200‑square‑foot, two‑bedroom top‑floor end unit
- End‑unit configuration with balcony and mountain views
- Enclosed, air‑conditioned patio with windows that open
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,885
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,700
$277.7K
Cap Rate 7%
$198,357
$198.4K
Cap Rate 9%
$154,278
$154.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$26.4K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$25.2K $21.04/SF
− OpEx
−$11.4K −$9.47/SF
NOI
$13.9K $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%
$277,700
Cap Rate 7%
$198,357
Cap Rate 9%
$154,278
Alternative Uses
Best Use
Apartment 5plus
$198.4K
$173.6K – $231.4K
NOI $13,885 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$393.9K
$344.7K – $459.6K
NOI $27,575 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,234
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
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Market
Properties on Market for Residential income properties in Scottsdale
Frequently Asked Questions
What type of property is this?
Residential income property - An updated kitchen and enclosed air-conditioned patio complement the unit’s open living area and private balcony.
Where is this residential income property located?
The property is located at 7840 E Camelback Road #509 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,200‑square‑foot, two‑bedroom top‑floor end unit; End‑unit configuration with balcony and mountain views; Enclosed, air‑conditioned patio with windows that open
