Ground-Level Residential Income
For Sale
$390,000
9460 N 92ND Street 109, Scottsdale, AZ 85258
Furniture is included with this remodeled residence, which has an open living and dining arrangement.
Property Size1,145 SF
Days on Market10
Property Features for 9460 N 92ND Street 109
General Information
Standard status
Active
Size
1,145 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$1,096
Building Details
Building Size
1,145 SF
Year Built
1984
Listing Agency:
Arizona Network Realty
Listed By:
Russell Diehl
(480) 695-5974
Source:
Alexiabertsatos
Added: Oct 21
Changed: Oct 30
Last Checked: Oct 28 at 5:53PM
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 Arizona Network Realty
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Investment Insights
Based on property information with market context.
This ground-floor residence contains two bedrooms and two bathrooms, with the bedrooms set apart from one another. The open great-room layout connects the living and dining areas, and a wood-burning fireplace anchors the living space. The kitchen has Shaker-style cabinetry, quartz counters, stainless steel appliances, and LED lighting. The home was remodeled in 2022, and furnishings are included. The primary suite has a walk-in closet, a dual-sink vanity, and a tiled shower with a glass enclosure, as well as access to the covered patio.
The property is in McCormick Ranch in Scottsdale, near Loop 101, shopping, restaurants, and everyday services. Community amenities include three swimming pools, tennis courts, and four pickleball courts; one pool and the tennis courts are close to the residence.
The property is in McCormick Ranch in Scottsdale, near Loop 101, shopping, restaurants, and everyday services. Community amenities include three swimming pools, tennis courts, and four pickleball courts; one pool and the tennis courts are close to the residence.
Key Highlights
- Two‑bedroom, two‑bathroom ground‑floor residence
- Remodeled in 2022; furnishings included
- Open great‑room plan with a wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,248
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,960
$265.0K
Cap Rate 7%
$189,257
$189.3K
Cap Rate 9%
$147,200
$147.2K
Market Conditions
NOI Build-Up for 1,145 SF
Gross rent
$25.1K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$24.1K $21.04/SF
− OpEx
−$10.8K −$9.47/SF
NOI
$13.2K $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%
$264,960
Cap Rate 7%
$189,257
Cap Rate 9%
$147,200
Alternative Uses
Best Use
Apartment 5plus
$189.3K
$165.6K – $220.8K
NOI $13,248 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$375.9K
$328.9K – $438.5K
NOI $26,311 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Residential income property - Furniture is included with this remodeled residence, which has an open living and dining arrangement.
Where is this residential income property located?
The property is located at 9460 N 92ND Street 109 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom ground‑floor residence; Remodeled in 2022; furnishings included; Open great‑room plan with a wood‑burning fireplace
