One-Bedroom Residential Income
For Sale
$305,000
9550 E THUNDERBIRD Road #243, Scottsdale, AZ 85260
The primary bathroom has been remodeled.
Property Size843 SF
Price / SF$361.80
Days on Market38
Property Features for 9550 E THUNDERBIRD Road #243
General Information
Standard status
Active
Size
843 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Building Details
Year Built
1996
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Sep 23
Changed: Oct 28
Last Checked: Oct 28 at 2:42PM
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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
Based on property information with market context.
This 843-square-foot residence in the Mira Vista community has one bedroom and one bathroom. The primary bathroom has been remodeled. Built in 1996, the property offers a compact residential layout.
Shopping, dining, golf courses, resorts, and entertainment are described as nearby. Loop 101 provides access to destinations across the Valley.
Shopping, dining, golf courses, resorts, and entertainment are described as nearby. Loop 101 provides access to destinations across the Valley.
Key Highlights
- 843‑square‑foot residence
- One bedroom and one bathroom
- Primary bathroom remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,754
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,080
$195.1K
Cap Rate 7%
$139,343
$139.3K
Cap Rate 9%
$108,378
$108.4K
Market Conditions
NOI Build-Up for 843 SF
Gross rent
$18.5K $21.96/SF
− Vacancy
−$778 −$0.92/SF
EGI
$17.7K $21.04/SF
− OpEx
−$8.0K −$9.47/SF
NOI
$9.8K $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%
$195,080
Cap Rate 7%
$139,343
Cap Rate 9%
$108,378
Alternative Uses
Best Use
Apartment 5plus
$139.3K
$121.9K – $162.6K
NOI $9,754 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$276.7K
$242.1K – $322.9K
NOI $19,371 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
Explore this area
Business Placement
Demographics for 85260, AZ
37,967
Population
21,072
Households
1.8
Avg Household Size
47
Median Age
59%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,674
Density / Sq Mi
$103,854
Median Household Income
$62,835
Median Earnings
$1,969
Median Rent
$637,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The primary bathroom has been remodeled.
Where is this residential income property located?
The property is located at 9550 E THUNDERBIRD Road #243 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 843‑square‑foot residence; One bedroom and one bathroom; Primary bathroom remodeled
