Ground-Floor Residential Income
For Sale
$329,900
7920 E CAMELBACK Road E 501, Scottsdale, AZ 85251
Updated kitchen and bathroom, a large patio, underground parking, and access to multiple recreational amenities.
Property Size1,332 SF
Days on Market120
Property Features for 7920 E CAMELBACK Road E 501
General Information
Standard status
Active
Size
1,332 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$918
Amenities
pool
mini golf course
library
wood working/art studio
Building Details
Building Size
1,332 SF
Year Built
1974
Listing Agency:
My Home Group Real Estate
Listed By:
Patrick Lee Kaiser · License #SA669017000
(602) 768-2767
Source:
Alexiabertsatos
Added: Jul 7
Changed: Nov 2
Last Checked: Nov 1 at 2:42PM
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 My Home Group Real Estate
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Investment Insights
Based on property information with market context.
Unit 102 is a ground-floor residential income property in a complex built in 1974. The residence includes an updated kitchen and bathroom, large rooms, and a sizable patio. Underground parking is also provided.
Property amenities include three pools, a mini-golf course, a library, and a woodworking and art studio. The unit is located at 7920 E Camelback Road in Scottsdale, with the pool and recreational areas positioned near the residence.
Property amenities include three pools, a mini-golf course, a library, and a woodworking and art studio. The unit is located at 7920 E Camelback Road in Scottsdale, with the pool and recreational areas positioned near the residence.
Key Highlights
- Ground‑floor Unit 102 at 7920 E Camelback Road
- Updated kitchen and bathroom
- Three pools within the complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,412
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,240
$308.2K
Cap Rate 7%
$220,171
$220.2K
Cap Rate 9%
$171,244
$171.2K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$29.3K $21.96/SF
− Vacancy
−$1.2K −$0.92/SF
EGI
$28.0K $21.04/SF
− OpEx
−$12.6K −$9.47/SF
NOI
$15.4K $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%
$308,240
Cap Rate 7%
$220,171
Cap Rate 9%
$171,244
Alternative Uses
Best Use
Apartment 5plus
$220.2K
$192.7K – $256.9K
NOI $15,412 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$437.3K
$382.6K – $510.1K
NOI $30,608 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen and bathroom, a large patio, underground parking, and access to multiple recreational amenities.
Where is this residential income property located?
The property is located at 7920 E CAMELBACK Road E 501 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Ground‑floor Unit 102 at 7920 E Camelback Road; Updated kitchen and bathroom; Three pools within the complex
