Two-Bedroom Residential Income
For Sale
$239,900
935 N GRANITE REEF Road 102, Scottsdale, AZ 85257
Updated finishes include granite kitchen counters and stainless steel appliances.
Property Size855 SF
Price / SF$280.58
Days on Market34
Property Features for 935 N GRANITE REEF Road 102
General Information
Standard status
Active
Size
855 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$784
Amenities
pool
guest parking
Building Details
Building Size
855 SF
Year Built
1985
Listing Agency:
Keller Williams Realty Sonoran Living
Listed By:
BVO Luxury Group · License #01428775
(833) 286-7653
Source:
Bvoluxury
Added: Sep 25
Changed: Oct 26
Last Checked: Oct 26 at 10:20AM
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 Keller Williams Realty Sonoran Living
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-level end unit in the Scottsdale Hacienda Community has two bedrooms, two bathrooms, and a one-car garage. The kitchen is equipped with granite countertops and stainless steel appliances, while new paint and carpet provide updated interior finishes. The unit was built in 1985 and measures 855 square feet.
Residents have access to a community pool, with guest parking nearby. The property is close to Old Town Scottsdale.
Residents have access to a community pool, with guest parking nearby. The property is close to Old Town Scottsdale.
Key Highlights
- Two bedrooms and two bathrooms
- 855 square feet with a one‑car garage
- Second‑level end unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,893
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,860
$197.9K
Cap Rate 7%
$141,329
$141.3K
Cap Rate 9%
$109,922
$109.9K
Market Conditions
NOI Build-Up for 855 SF
Gross rent
$18.8K $21.96/SF
− Vacancy
−$789 −$0.92/SF
EGI
$18.0K $21.04/SF
− OpEx
−$8.1K −$9.47/SF
NOI
$9.9K $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%
$197,860
Cap Rate 7%
$141,329
Cap Rate 9%
$109,922
Alternative Uses
Best Use
Apartment 5plus
$141.3K
$123.7K – $164.9K
NOI $9,893 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$280.7K
$245.6K – $327.5K
NOI $19,647 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
314
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
Frequently Asked Questions
What type of property is this?
Residential income property - Updated finishes include granite kitchen counters and stainless steel appliances.
Where is this residential income property located?
The property is located at 935 N GRANITE REEF Road 102 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; 855 square feet with a one‑car garage; Second‑level end unit
