Two-Bedroom Income
New
For Sale
$359,900
9355 N 91st St #214, Scottsdale, AZ 85258
Updated end-unit residence with three covered balconies and access to community recreation amenities.
Property Size1,125 SF
Price / SF$319.91
Days on Market2
Property Features for 9355 N 91st St #214
General Information
Standard status
Active
Size
1,125 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
covered balconies
pools
walking paths
tennis courts
pickleball courts
Building Details
Year Built
1982
Listing Agency:
Az Innovative Realty LLC
(916) 220-8524
Listed By:
The Crouch Group
(623) 294-9492
Source:
Crouchgroupaz
Added: Oct 16
Last Checked: Oct 16 at 7:58AM
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 Az Innovative Realty LLC
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Investment Insights
Based on property information with market context.
This 1,125-square-foot end-unit condominium has two bedrooms and two bathrooms. The eat-in kitchen includes granite countertops and stainless steel appliances, while recent interior work includes fresh paint and new carpet. A new water heater and ceiling fans are also in place. Three covered balconies provide outdoor space, with one off the great room and a private balcony for each bedroom.
Community amenities include pools, walking paths, tennis courts, and pickleball courts. The property is in McCormick Ranch, with access to the Indian Bend Wash Greenbelt and its 11+ mile paved multi-use path. Loop 101, Scottsdale dining and shopping, Scottsdale Shea Medical Center, and Salt River Fields are also nearby.
Community amenities include pools, walking paths, tennis courts, and pickleball courts. The property is in McCormick Ranch, with access to the Indian Bend Wash Greenbelt and its 11+ mile paved multi-use path. Loop 101, Scottsdale dining and shopping, Scottsdale Shea Medical Center, and Salt River Fields are also nearby.
Key Highlights
- Two bedrooms and two bathrooms in 1,125 square feet
- End‑unit condominium built in 1982
- Three covered balconies, including one off the great room and one for each bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,017
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,340
$260.3K
Cap Rate 7%
$185,957
$186.0K
Cap Rate 9%
$144,633
$144.6K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$24.7K $21.96/SF
− Vacancy
−$1.0K −$0.92/SF
EGI
$23.7K $21.04/SF
− OpEx
−$10.7K −$9.47/SF
NOI
$13.0K $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%
$260,340
Cap Rate 7%
$185,957
Cap Rate 9%
$144,633
Alternative Uses
Best Use
Apartment 5plus
$186.0K
$162.7K – $217.0K
NOI $13,017 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$369.3K
$323.1K – $430.9K
NOI $25,851 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,512
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated end-unit residence with three covered balconies and access to community recreation amenities.
Where is this residential income property located?
The property is located at 9355 N 91st St #214 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,125 square feet; End‑unit condominium built in 1982; Three covered balconies, including one off the great room and one for each bedroom
