Two-Bedroom Residential
9730 N 94th Place Unit 214, Scottsdale, AZ 85258
For Sale
$429,000
Split-bedroom layout pairs a primary suite with a separate guest bedroom and full bath.
Property Size1,202 SF
Days on Market12
Property Features for 9730 N 94th Place Unit 214
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered patio
pool
spa
mailbox
greenbelt pathways
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Sun Properties
Listed By:
John D Weil · License AZ SA660113000
(480) 387-2097
Source:
Jcluxuryresidential
Added: Nov 3
Changed: Nov 13
Last Checked: Nov 12 at 6:05PM
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 RE/MAX Sun Properties
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Investment Insights
Based on property information with market context.
This second-floor residential unit was built in 1992 and has two bedrooms and two full bathrooms. The kitchen features white cabinetry, quartz counters, and stainless steel appliances. A covered patio is accessed from the primary bedroom, whose bathroom includes a walk-in shower with a bench. The second bedroom and its bathroom are positioned separately from the primary suite.
Within the community, the unit is near parking, guest parking, a pool, a spa, the mailbox, and greenbelt paths. HonorHealth Scottsdale Shea Medical Center is half a mile away. McCormick Ranch lakes, golf courses, retail, dining, and outdoor recreation are also nearby.
Within the community, the unit is near parking, guest parking, a pool, a spa, the mailbox, and greenbelt paths. HonorHealth Scottsdale Shea Medical Center is half a mile away. McCormick Ranch lakes, golf courses, retail, dining, and outdoor recreation are also nearby.
Key Highlights
- Two bedrooms and two full bathrooms in a split‑bedroom layout
- Second‑floor unit with a covered patio accessible from the primary bedroom
- Kitchen with white cabinets, quartz countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,908
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,160
$278.2K
Cap Rate 7%
$198,686
$198.7K
Cap Rate 9%
$154,533
$154.5K
Market Conditions
NOI Build-Up for 1,202 SF
Gross rent
$26.4K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$25.3K $21.04/SF
− OpEx
−$11.4K −$9.47/SF
NOI
$13.9K $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%
$278,160
Cap Rate 7%
$198,686
Cap Rate 9%
$154,533
Alternative Uses
Best Use
Apartment 5plus
$198.7K
$173.9K – $231.8K
NOI $13,908 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$394.6K
$345.3K – $460.4K
NOI $27,621 @ 7.0% cap · market cap 6.44%
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
3,367
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
Market
Properties on Market for Residential income properties in Scottsdale
Frequently Asked Questions
What type of property is this?
Residential income property - Split-bedroom layout pairs a primary suite with a separate guest bedroom and full bath.
Where is this residential income property located?
The property is located at 9730 N 94th Place Unit 214 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in a split‑bedroom layout; Second‑floor unit with a covered patio accessible from the primary bedroom; Kitchen with white cabinets, quartz countertops, and stainless steel appliances
