Residential Income Property with
For Sale
$260,000
8787 E MOUNTAIN VIEW Road #1068, Scottsdale, AZ 85258
The one-bedroom, one-bath layout includes wood flooring, a fireplace, and access to shared recreational amenities.
Property Size812 SF
Price / SF$320.20
Days on Market18
Property Features for 8787 E MOUNTAIN VIEW Road #1068
General Information
Standard status
Active
Size
812 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
fireplace
tennis/pickleball court
exercise facility
pool/spa
sauna
recreation center
community BBQ w/ firepit
grass common area
Building Details
Year Built
1985
Listing Agency:
West USA Realty
(602) 942-4200
Listed By:
Louisa M Ward · License #BR504164000
(602) 769-6699
Source:
Kathrynthomas
Added: Oct 13
Changed: Oct 29
Last Checked: Oct 28 at 2:53PM
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 812-square-foot, ground-level condo has one bedroom and one bathroom. Interior features include wood flooring, fresh paint, a fireplace, and a private patio. Built in 1985, the unit is part of a community with a tennis and pickleball court, fitness facility, pool and spa, sauna, recreation center, barbecue area with firepit, and shared lawn space.
Key Highlights
- 812‑square‑foot, one‑bedroom, one‑bathroom condo
- Ground‑level unit with a private patio
- Wood flooring and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,395
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,900
$187.9K
Cap Rate 7%
$134,214
$134.2K
Cap Rate 9%
$104,389
$104.4K
Market Conditions
NOI Build-Up for 812 SF
Gross rent
$17.8K $21.96/SF
− Vacancy
−$749 −$0.92/SF
EGI
$17.1K $21.04/SF
− OpEx
−$7.7K −$9.47/SF
NOI
$9.4K $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%
$187,900
Cap Rate 7%
$134,214
Cap Rate 9%
$104,389
Alternative Uses
Best Use
Apartment 5plus
$134.2K
$117.4K – $156.6K
NOI $9,395 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$266.6K
$233.2K – $311.0K
NOI $18,659 @ 7.0% cap · market cap 7.18%
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
2,152
Businesses Nearby
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Business Placement
Demographics for 85258, AZ
25,203
Population
15,566
Households
1.6
Avg Household Size
55
Median Age
63%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
2,447
Density / Sq Mi
$105,171
Median Household Income
$68,184
Median Earnings
$1,945
Median Rent
$744,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom, one-bath layout includes wood flooring, a fireplace, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 8787 E MOUNTAIN VIEW Road #1068 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 812‑square‑foot, one‑bedroom, one‑bathroom condo; Ground‑level unit with a private patio; Wood flooring and a fireplace
