Second-Floor Residential Income
For Sale
$135,000
8211 E GARFIELD Street J218, Scottsdale, AZ 85257
Updated cooperative residence with two bedrooms, a screened porch, and building services covered through monthly fees.
Property Size888 SF
Days on Market125
Property Features for 8211 E GARFIELD Street J218
General Information
Standard status
Active
Size
888 SF
Property subtype
Apartment
Building Details
Building Size
888 SF
Year Built
1964
Listing Agency:
United Southwest Realty
Listed By:
Gregory P Johnson · License #BR008487000
(602) 717-5115
Source:
Alexiabertsatos
Added: Jun 6
Changed: Oct 7
Last Checked: Oct 7 at 4:14PM
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 United Southwest Realty
Investment Insights
Based on property information with market context.
This second-floor end unit in Scottsdale East Homes Cooperative offers two bedrooms, one bathroom, substantial storage, and a screened-in porch. Recent improvements include new paint and flooring. The residence was built in 1964 and is offered for cash purchase only.
Monthly fees cover maintenance of the buildings and grounds, along with electrical, plumbing, and air-conditioning service. Water, sewer, and trash are also included. The property is located near Skysong, Scottsdale’s Greenbelt, and ASU at 8211 E Garfield Street, Unit J218, Scottsdale, Arizona 85257.
Monthly fees cover maintenance of the buildings and grounds, along with electrical, plumbing, and air-conditioning service. Water, sewer, and trash are also included. The property is located near Skysong, Scottsdale’s Greenbelt, and ASU at 8211 E Garfield Street, Unit J218, Scottsdale, Arizona 85257.
Key Highlights
- Second‑floor end unit in Scottsdale East Homes Cooperative
- Two bedrooms, one bathroom, storage, and a screened‑in porch
- New paint and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,275
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,500
$205.5K
Cap Rate 7%
$146,786
$146.8K
Cap Rate 9%
$114,167
$114.2K
Market Conditions
NOI Build-Up for 888 SF
Gross rent
$19.5K $21.96/SF
− Vacancy
−$819 −$0.92/SF
EGI
$18.7K $21.04/SF
− OpEx
−$8.4K −$9.47/SF
NOI
$10.3K $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%
$205,500
Cap Rate 7%
$146,786
Cap Rate 9%
$114,167
Alternative Uses
Best Use
Apartment 5plus
$146.8K
$128.4K – $171.3K
NOI $10,275 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$291.5K
$255.1K – $340.1K
NOI $20,405 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 85257, AZ
29,187
Population
16,392
Households
1.8
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,230
Density / Sq Mi
$79,828
Median Household Income
$54,580
Median Earnings
$1,812
Median Rent
$453,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated cooperative residence with two bedrooms, a screened porch, and building services covered through monthly fees.
Where is this residential income property located?
The property is located at 8211 E GARFIELD Street J218 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Second‑floor end unit in Scottsdale East Homes Cooperative; Two bedrooms, one bathroom, storage, and a screened‑in porch; New paint and flooring
