Ground-Floor Residential Income
For Sale
$395,000
7850 E CAMELBACK Road 111, Scottsdale, AZ 85251
A remodeled two-bedroom residence pairs in-unit laundry with access to extensive community recreation and services.
Property Size1,560 SF
Days on Market8
Property Features for 7850 E CAMELBACK Road 111
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Apartment
Units
Multifamily Units
1
Individually Metered Utilities
electricity
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$1,149
Amenities
in-unit laundry
covered patio
heated pools
Jacuzzis
outdoor barbecues
tennis courts
executive golf course
fitness centers
library
business center
art studio
ceramics & glass studio
wood-working shop
social lounge
manned guard gate
Building Details
Building Size
1,560 SF
Year Built
1980
Year Renovated
2020
Listing Agency:
The Brokery
Listed By:
Kristen White
(602) 653-5000
Source:
Alexiabertsatos
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 28 at 3:36PM
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 The Brokery
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 ground-floor, two-bedroom, two-bathroom condo was remodeled in 2020 and has an expanded kitchen with quartz counters, contemporary cabinetry, upgraded appliances, and added storage. Tile flooring, dual-pane windows, a sliding glass door installed in 2022, and a private covered patio are among its features. The primary suite includes a walk-in closet and updated bathroom; the second bathroom has a tub-and-shower combination. A full-size stackable washer and dryer are in the unit, with an additional owner storage room on the same floor.
Scottsdale Shadows is a gated community with three heated pools, two Jacuzzis, tennis courts, and a nine-hole executive golf course. Additional shared facilities include fitness centers, a sauna, library, business center, art and craft studios, and a social lounge. The HOA covers air conditioning, heat, water, garbage pickup, and access to community amenities; residents pay for electricity used by the in-unit air handler and outlets, as well as any desired internet or telecommunications service.
Scottsdale Shadows is a gated community with three heated pools, two Jacuzzis, tennis courts, and a nine-hole executive golf course. Additional shared facilities include fitness centers, a sauna, library, business center, art and craft studios, and a social lounge. The HOA covers air conditioning, heat, water, garbage pickup, and access to community amenities; residents pay for electricity used by the in-unit air handler and outlets, as well as any desired internet or telecommunications service.
Key Highlights
- Two bedrooms and two bathrooms in a ground‑floor condo remodeled in 2020
- Kitchen features quartz counters, upgraded appliances, an eat‑at bar, and added storage
- Covered patio faces south and looks toward landscaped grounds and Camelback Mountain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,050
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,000
$361.0K
Cap Rate 7%
$257,857
$257.9K
Cap Rate 9%
$200,556
$200.6K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$34.3K $21.96/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$32.8K $21.04/SF
− OpEx
−$14.8K −$9.47/SF
NOI
$18.1K $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%
$361,000
Cap Rate 7%
$257,857
Cap Rate 9%
$200,556
Alternative Uses
Best Use
Apartment 5plus
$257.9K
$225.6K – $300.8K
NOI $18,050 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$512.1K
$448.1K – $597.5K
NOI $35,847 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A remodeled two-bedroom residence pairs in-unit laundry with access to extensive community recreation and services.
Where is this residential income property located?
The property is located at 7850 E CAMELBACK Road 111 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in a ground‑floor condo remodeled in 2020; Kitchen features quartz counters, upgraded appliances, an eat‑at bar, and added storage; Covered patio faces south and looks toward landscaped grounds and Camelback Mountain
