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Scottsdale Apartment Buildings for Sale
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Apartment Buildings For Sale in Scottsdale
Scottsdale, located in the eastern part of Maricopa County within the Phoenix area, is an ideal place for CRE investments. This city is experiencing significant population growth and is strategically positioned near Phoenix, the Tonto National Forest, the McDowell Mountains, and the Salt River, providing a unique combination of natural beauty, educational opportunities, and infrastructure. Its transportation network, including Scottsdale Municipal Airport and close to major highways like Loop 101, makes it attractive to investors. The city’s economy thrives on tourism, retail, and healthcare, and it offers a variety of nightlife and cultural amenities, such as the Scottsdale Arts District and various annual events, making apartment buildings an excellent investment to meet the needs of its residents.
Apartment buildings in Scottsdale are in demand due to the city’s growth, appealing to a broad demographic from young professionals to retirees. The presence of attractions such as Old Town Scottsdale, Scottsdale Fashion Square, and many art galleries and studios adds to its appeal for potential residents. With 9 listings, the market showcases a range of opportunities. Beyond apartment buildings, Scottsdale’s real estate includes retail spaces in busy locations like Scottsdale Fashion Square, shopping centers with shopping, dining, and entertainment, and office spaces near major transport routes and business centers. Residential income homes in Scottsdale’s neighborhoods offer unique investment opportunities. These property types, combined with the city’s thriving economy and rich culture, highlight Scottsdale’s appeal as a destination for real estate investment. For those looking to invest in a "like-kind" property for a 1031 exchange, Scottsdale could have the right property for you.
Learn About Apartment Buildings For Sale in Scottsdale
What factors should I consider when searching for apartment buildings for sale in Scottsdale, AZ?
When evaluating apartment buildings for sale in Scottsdale, AZ, it's essential to consider key aspects that impact both the value and operational success of the investment.
- The local economy's strength and the role of tourism, retail, and healthcare sectors in driving demand for rental properties.
- Proximity to essential infrastructure like the Scottsdale Municipal Airport, major freeways like Loop 101, and public transportation options to enhance tenant accessibility.
- The property's location within Scottsdale, ensuring visibility and convenience to attract potential residents, factoring in nearby amenities such as Scottsdale Fashion Square, Kierland Commons, and outdoor attractions.
How much does it cost to buy an apartment building in Scottsdale?
The cost to buy apartment buildings in Scottsdale varies, reflecting the diverse market and property sizes available. The average price per square foot is approximately $461, with an average size of 9,628 SF.
What is the largest apartment building available to buy in Scottsdale?
The largest apartment building available for sale in Scottsdale spans 37,236 SF.
Why is Scottsdale an ideal location for apartment buildings for sale?
Scottsdale's robust economy, fueled by tourism and retail, along with a well-developed transportation network and a high demand for residential options, make it an attractive market for apartment buildings.
Size Summary For Scottsdale Apartment Buildings
| Apartment Building Size | Square Feet |
|---|---|
| Maximum | 37,236 SF |
| Average | 9,628 SF |
| Minimum | 1,567 SF |
Cap Rate for Scottsdale Apartment Buildings
| Apartment Building Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 9.66% |
| Average | 5.79% |
| Minimum | 4.65% |
Prices for Scottsdale Apartment Buildings
| Apartment Building Price | Price Per SF |
|---|---|
| Maximum | $560 Per SF |
| Average | $461 Per SF |
| Minimum | $367 Per SF |
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