5335 E SHEA Boulevard 2060, Scottsdale, AZ 85254, Scottsdale, 85254 - 2 bed, 2 bath
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Scottsdale, AZ 85254
This Turnkey Investment Asset is listed at $358,000, positioned near its $342,769 Fair Market Value. As a proven income producer with a reliable tenant in place through February 2027, the property ensures immediate cash flow and operational stability for the incoming owner. The unit features a functional split-floor plan, Mountain Views, and a Condition Rating of 4, reflecting a well-maintained but dated interior with high rental demand. Located in a prime zip code, it offers access to the 9/10 rated Cherokee Elementary. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5335 E SHEA Boulevard 2060 Subject | $358,000* List Price | 2 | 2 | 1,076 | $319 | - |
A 5122 E SHEA Boulevard 1105 Sold | $295,900 List Price | 2 | 3 | 1,246 | 0.5 mi | |
B 5122 E SHEA Boulevard 2050 Active | $429,000 List Price | 2 | 2 | 1,086 | $395 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1993, this property is well-maintained but shows clear signs of its age. While it features some updates like granite countertops in the kitchen and bathrooms, the kitchen appliances are older white models rather than modern stainless steel, and the cabinetry and fixtures reflect a dated style. The flooring consists of older carpeting and the overall aesthetic has not undergone a full modern renovation within the last 15 years, placing it firmly in the fair category as a functional but dated unit.
Elementary School: Cherokee Elementary School (9/10).
The property is sold with a reliable tenant in place through February 2027, providing immediate and stable cash flow for investors without the need for initial leasing efforts.
Ideally situated in the high-demand 85254 zip code, the unit offers proximity to top-tier shopping, dining, and the highly-rated Scottsdale Unified School District.
Because the unit is tenant-occupied until early 2027, it is not suitable for buyers looking for a primary residence in the near term, limiting the potential buyer pool.
Built in 1993, the property may require upcoming capital improvements or modernizations to major systems and finishes to remain competitive with newer luxury developments.
Seller incentive for Investment property in Bella Terra - Tenant Occupied through Feb 2027 Discover a turnkey investment in the highly sought-after Bella Terra Condominiums. This desirable Palermo model offers a spacious 1,076 sq. ft. layout featuring 2 bedrooms and 2 full bathrooms, perfectly positioned in a prime Scottsdale location. This unit is a proven income producer, sold with a reliable tenant already in place through February 2027, providing immediate and stable cash flow for the savvy investor. Property Highlights: Interior Features: Functional split-floor plan with an inviting fireplace in the living area and a well-appointed kitchen. Community Amenities: Residents enjoy access to premium community facilities including a sparkling pool, spa, and fitness center. Prime Location: Ideally situated on Shea Blvd between 52nd and 56th Street. You are minutes away from top-tier shopping, dining, and the Scottsdale Unified School District (Cherokee Elementary, Cocopah Middle, and Chaparral High). Recent Data: 2025 taxes were $1,293, and the unit is well-maintained within a professionally managed community. Whether you are looking to expand your portfolio or secure a future residence in a high-demand zip code, this condo offers both stability and long-term appreciation potential.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 3.0 | 33% |
| Square foot | 1,076 | 1,958 | 11% |
| Lot Size | 1,070 | 1,304 | 33% |
| Price | $358.0K | $400.0K | 33% |
| Price per sq ft | $333 | $333 | 50% |
| Built year | 1993 | 1989 | 56% |
| HOA | $300 | $300 | 50% |
| Days on market | 113 | 1660 | 11% |
Mar 2, 2026
$358,000
Initial Listing