8787 E Mountain View Road 1014, Scottsdale, AZ 85258, Scottsdale, 85258 - 2 bed, 2 bath
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Scottsdale, AZ 85258
This Income-Generating Condominium represents a strategic Asset Acquisition for those seeking immediate cash flow in the Scottsdale market. Listed at $315,000, the property is positioned within the prestigious McCormick Ranch area, supported by a $290,392 Fair Market Value. While priced at a market premium, the Tenant in Place through February 2027 offers a rare turnkey solution for immediate income. The unit features a Fair Condition Rating with updated flooring and access to the elite Cochise Elementary School (9/10). This is a calculated opportunity for Buy-and-Hold Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8787 E Mountain View Road 1014 Subject | $315,000* List Price | 2 | 2 | 1,062 | $273 | - |
A 9125 E PURDUE Avenue 111 Sold | $225,900 List Price | 2 | 2 | 1,041 | 0.6 mi | |
B 9125 E PURDUE Avenue 111 Sold | $360,000 List Price | 2 | 2 | 1,045 | 0.6 mi | |
C 9355 N 91ST Street 108 Sold | $305,000 | 2 | 2 | 1,160 | $263 | 0.5 mi |
D 9600 N 96TH Street 202 Sold | $235,000 | 2 | 1 | 998 | $235 | 0.9 mi |
E 9600 N 96TH Street 135 Sold | $389,425 | 2 | 2 | 1,105 | $352 | 0.9 mi |
F 8787 E MOUNTAIN VIEW Road 2098 Active | $374,000 List Price | 2 | 2 | 1,053 | $355 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, the property has received some cosmetic updates such as newer wood-look flooring and neutral paint. However, the bathroom features dated oak cabinetry and laminate countertops, and the overall aesthetic reflects a renovation that is likely over 15 years old or partial in nature. While well-maintained and functional for a tenant, the fixtures and styles are aged and do not meet the criteria for a 'Good' or 'Excellent' rating.
Elementary School: Cochise Elementary School (9/10).
With a tenant in place through February 2027, this property offers a turnkey opportunity for investors seeking guaranteed cash flow and immediate ROI in a high-demand Scottsdale market.
Ideally situated near the 101 freeway and Shea Blvd, the property provides walking distance access to Mountain View Park and proximity to 18 miles of recreational trails and championship golf.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1062, other record lot size in square feet = 908. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1062, other record living area = 1005.
The long-term lease commitment through early 2027 effectively excludes buyers looking for a primary residence or immediate personal use of the property.
A two-bedroom unit with only 1.5 bathrooms may be viewed as a drawback for some residents compared to the standard two-full-bath configuration found in competing Scottsdale condominiums.
Tenant in place thru Feb 28, 2027 - IMMEDIATE INCOME. Remodeled 2 bed, 1 1/2 bath condo. Great Scottsdale location near Shea & 101. All appliances, Oak cabinets, Fireplace and breakfast bar. Walk-in closets in bedrooms. Community has 3 pools (1 heated) , heated spa, lighted tennis court and fitness center. Walking distance to Mountain View park, convenient to shopping and 101 freeway. AREA FEATURES * Two Championship golf courses at McCormick Ranch * Direct access to 18 miles of Rollerblading, Biking, Walking and Jogging trails. * Close to Scottsdale North Hospital *
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades PK-5 • 2.0 mi
Grades PK-6 • 4.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,062 | 1,083.5 | 50% |
| Lot Size | 1,062 | 857 | 61% |
| Price | $315.0K | $310.0K | 50% |
| Price per sq ft | $297 | $291 | 54% |
| Built year | 1985 | 1985 | 50% |
| HOA | $332 | $258 | 71% |
| Days on market | 31 | 1956 | 4% |
Mar 23, 2026
$315,000
Initial Listing