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    1232 Hayden Rd Scottsdale, AZ 85257

    Sponsored
    For Sale
    $3,575,000

    11-unit apartment complex, high ROI potential.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11-unit apartment building in Scottsdale, Arizona presents a compelling value-add investment opportunity. Located at 1232 Hayden Rd, 85257, this property boasts a prime location in Maricopa County. The complex comprises five single-story buildings totaling approximately 5,709 net rentable square feet on a 20,000 square foot lot. Built in 1963 and extensively renovated in 2022, the property features 11 one-bedroom, one-bathroom units, each averaging approximately 519 square feet. Recent upgrades exceeding $40,000 include sheathing and roofing, exterior paint, patio supports, exterior storage doors, and stucco, fascia, and gable repairs. The property includes 16 parking spaces and is zoned for multifamily use. Currently generating a Net Operating Income (NOI) of $177,198, resulting in a 4.96% cap rate, the property is offered at $3,575,000, or $325,000 per unit. Current rents range from $1300 to $1550, significantly below market value, presenting a clear path to increase profitability. The provided financial information is based on a pro forma and assumes self-management. All information should be independently verified. This is a fee-simple ownership opportunity. The property's APN is 131-11-240. Don't miss this chance to acquire a well-located, value-add multifamily asset with significant upside potential.

    Property Features for 1232 Hayden Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,000 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1963/2022
    Buildings
    5
    Stories
    1
    Units
    11

    HighLights

    • $3,575,000 asking price for an 11‑unit apartment building in Scottsdale, AZ.
    • Value‑add opportunity with a 4.96% cap rate and $177,198 NOI.
    • 5,709 square feet of net rentable space in a 5,000‑6,000 square foot building.
    • Property features 11 units, 16 parking spaces, and sits on a 20,000 square foot lot.
    • Recently renovated in 2022 with upgrades exceeding $40,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hayden Park Apartments Apartment Complex

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.90913931492
    Latitude
    33.462010639933

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    FAQs

    What type of property is this?
    Multifamily property - 11-unit apartment complex, high ROI potential.
    Where is this multifamily property located?
    The property is located at 1232 Hayden Rd Scottsdale, AZ.
    What is the asking price?
    The asking price for this property is $3,575,000.
    What are key features of this property?
    This property features: $3,575,000 asking price for an 11-unit apartment building in Scottsdale, AZ.; Value-add opportunity with a 4.96% cap rate and $177,198 NOI.; 5,709 square feet of net rentable space in a 5,000-6,000 square foot building.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1232 Hayden Rd Scottsdale, AZ 85257
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