End-Unit Residential Income
7960 E CAMELBACK Road #109, Scottsdale, AZ 85251
For Sale
$255,000
Residents have access to pools, fitness and recreation facilities, while the HOA covers utilities and activities.
Property Size1,200 SF
Price / SF$212.50
Days on Market44
Property Features for 7960 E CAMELBACK Road #109
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Multifamily Units
Parking per Unit
Amenities
3 heated pools
gym
sauna
2 lit tennis courts
library
art room
business center
private 9-hole golf course
Building Details
Year Built
Listing Agency:
HomeSmart
(480) 443-7400
Listed By:
Debbie Trevino · License AZ SA666292000
(480) 522-7009
Source:
Kathrynthomas
Added: Oct 2
Changed: Nov 13
Last Checked: Nov 13 at 1:18PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This 1,200-square-foot end unit was built in 1974 and includes two bedrooms, a private patio with mountain views, and a storage closet. Interior features include porcelain tile flooring, a kitchen with Samsung stainless steel appliances, custom wood cabinetry, quartz counters, and a custom backsplash. The primary bedroom closet has built-in wardrobe storage. One underground secured parking stall is included, with the option to purchase a second.
Community facilities include three heated pools, a gym, sauna, two lighted tennis courts, a library, an art room, a business center, and a private nine-hole golf course. The HOA covers air conditioning, heat, water, trash, and activities.
Community facilities include three heated pools, a gym, sauna, two lighted tennis courts, a library, an art room, a business center, and a private nine-hole golf course. The HOA covers air conditioning, heat, water, trash, and activities.
Key Highlights
- 1200‑square‑foot end unit with two bedrooms
- Three heated pools and a private nine‑hole golf course
- Community gym, sauna, two lighted tennis courts, library, art room, and business center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,885
Cap Rate
5.45%
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 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$393.9K
$344.7K – $459.6K
NOI $27,575 @ 7.0% cap · market cap 10.81%
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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Market
Properties on Market for Residential income properties in Scottsdale
Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to pools, fitness and recreation facilities, while the HOA covers utilities and activities.
Where is this residential income property located?
The property is located at 7960 E CAMELBACK Road #109 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1200‑square‑foot end unit with two bedrooms; Three heated pools and a private nine‑hole golf course; Community gym, sauna, two lighted tennis courts, library, art room, and business center
