Residential Income Property with
For Sale
$294,000
Pending
7920 E Camelback Road #312, Scottsdale, AZ 85251
Updated kitchen and bathrooms complement a screened balcony with powered storm shutters.
Property Size1,369 SF
Days on Market211
Property Features for 7920 E Camelback Road #312
General Information
Standard status
Pending
Size
1,369 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
pool
hot tub
golf
wood shop
library
rec room
screened-in balcony
storage locker
Building Details
Building Size
1,369 SF
Year Built
1974
Stories
1
Listing Agency:
Realty ONE Group
Listed By:
Zachary Heene · License #SA681582000
(480) 315-1240
Source:
Paulchilds.kw
Added: Mar 21
Changed: Oct 16
Last Checked: Oct 16 at 5:32AM
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 Realty ONE Group
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Investment Insights
Based on property information with market context.
This 1974 residential property in Scottsdale Shadows has an updated kitchen and bathrooms, plus a screened balcony fitted with powered storm shutters. The unit includes a storage locker and a parking space in the garage. The HOA recently installed new boilers and air conditioning for the building; HOA coverage includes electricity for air conditioning and heat.
Community amenities include three pools, hot tubs, golf, a wood shop, a library, and a recreation room. The property is on E Camelback Road in Scottsdale, with Old Town Scottsdale, shopping, dining, spring training, and entertainment described as minutes away.
Community amenities include three pools, hot tubs, golf, a wood shop, a library, and a recreation room. The property is on E Camelback Road in Scottsdale, with Old Town Scottsdale, shopping, dining, spring training, and entertainment described as minutes away.
Key Highlights
- Updated kitchen and bathrooms
- Screened balcony with powered storm shutters
- Storage locker and garage parking space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,840
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,800
$316.8K
Cap Rate 7%
$226,286
$226.3K
Cap Rate 9%
$176,000
$176.0K
Market Conditions
NOI Build-Up for 1,369 SF
Gross rent
$30.1K $21.96/SF
− Vacancy
−$1.3K −$0.92/SF
EGI
$28.8K $21.04/SF
− OpEx
−$13.0K −$9.47/SF
NOI
$15.8K $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%
$316,800
Cap Rate 7%
$226,286
Cap Rate 9%
$176,000
Alternative Uses
Best Use
Apartment 5plus
$226.3K
$198.0K – $264.0K
NOI $15,840 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$449.4K
$393.2K – $524.3K
NOI $31,458 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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 bathrooms complement a screened balcony with powered storm shutters.
Where is this residential income property located?
The property is located at 7920 E Camelback Road #312 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $294,000.
What are key features of this property?
This property features: Updated kitchen and bathrooms; Screened balcony with powered storm shutters; Storage locker and garage parking space included
