Remodeled Residential Income
New
For Sale
$289,000
7920 E Camelback Road E #409, Scottsdale, AZ 85251
Updated interiors include a quartz-counter kitchen, remodeled bathroom, and balcony.
Property Size930 SF
Price / SF$310.75
Days on Market2
Property Features for 7920 E Camelback Road E #409
General Information
Standard status
Active
Size
930 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$622
Amenities
balcony with views of Scottsdale
24-hour guard gated community
9-hole golf course
3 pools & spas (1 covered, 1 heated)
ramadas
clubhouse
art/ceramic studio
woodworking shop
Full Bth Master Bdrm
Eat-in Kitchen
Breakfast Bar
Kitchen Island
Quartz Countertops
9+ Flat Ceilings
Building Details
Building Size
930 SF
Year Built
1974
Stories
1
Listing Agency:
West USA Realty
(480) 893-0600
Listed By:
Geno Ross · License #SA624593000
(602) 751-2121
Source:
Jlberrycompany
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:10AM
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 West USA Realty
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Investment Insights
Based on property information with market context.
This 930-square-foot corner unit, built in 1974, has been remodeled with wood flooring, smooth ceilings, fresh paint, updated lighting and ceiling fans, and replaced outlets and thermostat. The kitchen pairs white shaker cabinetry and a mosaic backsplash with stainless steel appliances and quartz countertops. A large primary suite and remodeled bathroom complete the interior, with a balcony extending the living area outdoors.
The Scottsdale Shadows community is within walking distance of Scottsdale Fashion Square and offers a 24-hour guard-gated setting. Shared amenities include a 9-hole golf course, 3 pools and spas, ramadas, a clubhouse, an art and ceramic studio, and a woodworking shop.
The Scottsdale Shadows community is within walking distance of Scottsdale Fashion Square and offers a 24-hour guard-gated setting. Shared amenities include a 9-hole golf course, 3 pools and spas, ramadas, a clubhouse, an art and ceramic studio, and a woodworking shop.
Key Highlights
- 930‑square‑foot corner unit with remodeled interiors
- Kitchen with stainless steel appliances, white shaker cabinets, quartz countertops, and mosaic backsplash
- Balcony, large primary suite, and remodeled bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,761
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,220
$215.2K
Cap Rate 7%
$153,729
$153.7K
Cap Rate 9%
$119,567
$119.6K
Market Conditions
NOI Build-Up for 930 SF
Gross rent
$20.4K $21.96/SF
− Vacancy
−$858 −$0.92/SF
EGI
$19.6K $21.04/SF
− OpEx
−$8.8K −$9.47/SF
NOI
$10.8K $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%
$215,220
Cap Rate 7%
$153,729
Cap Rate 9%
$119,567
Alternative Uses
Best Use
Apartment 5plus
$153.7K
$134.5K – $179.4K
NOI $10,761 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$305.3K
$267.1K – $356.2K
NOI $21,371 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
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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 interiors include a quartz-counter kitchen, remodeled bathroom, and balcony.
Where is this residential income property located?
The property is located at 7920 E Camelback Road E #409 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 930‑square‑foot corner unit with remodeled interiors; Kitchen with stainless steel appliances, white shaker cabinets, quartz countertops, and mosaic backsplash; Balcony, large primary suite, and remodeled bathroom
