Two-Bedroom Residential Income
For Sale
$239,900
935 N GRANITE REEF Road #102, Scottsdale, AZ 85257
Updated kitchen finishes and a private garage serve this second-level condominium residence.
Property Size855 SF
Price / SF$280.58
Days on Market39
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
Amenities
community pool
guest parking
Building Details
Year Built
1985
Listing Agency:
Jamal Abdallah
(480) 273-9922
Listed By:
Omar Abdallah · License #SA644708000
(480) 370-9414
Source:
Kathrynthomas
Added: Sep 25
Changed: Nov 1
Last Checked: Nov 1 at 1:26AM
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 Jamal Abdallah
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Investment Insights
Based on property information with market context.
This second-level end-unit residence offers two bedrooms, two bathrooms, and a one-car garage. The kitchen has granite countertops and stainless steel appliances, while recent interior work includes new paint and carpet. The property contains 855 square feet and was built in 1985.
The home is in the Scottsdale Hacienda community, close to Old Town Scottsdale. A community pool and guest parking are steps from the unit.
The home is in the Scottsdale Hacienda community, close to Old Town Scottsdale. A community pool and guest parking are steps from the unit.
Key Highlights
- Two bedrooms and two bathrooms
- 855 square feet; built in 1985
- One‑car garage
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.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen finishes and a private garage serve this second-level condominium residence.
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; built in 1985; One‑car garage
