$3,420,000
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SOLD DATE : 04/21/2022
Key Details
Sold Price $3,420,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision New Papago Parkway 9
MLS Listing ID 6361842
Sold Date 04/21/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1962
Tax Year 2021
Lot Dimensions 7020 SF/lot-21060 SF total
Property Description
Sold 4/21/22 for $3,420,000 with Seller Financing. $285/unit and $427/sf. S. Scottsdale 12 unit package sale next to SkySong! Rare opportunity to acquire three identical four unit buildings that are
contiguous. 7238, 7240, and 7302 E. Belleview St (all 4 unit buildings) consist of 2668 SF/bldg (8004 total SF). Unit mix includes three large 1 bedroom units (625 /-SF) w/ a 2 bedroom unit (800 /- SF). R-5 MF zoning. 7020 SF lots (21060 total). Near the SkySong development .Just east of Scottsdale Rd/south of McDowell Rd near Old Town and ASU. Proforma rents 1's @ $1500/unit and 2's @ $2000/unit (in current condition). All copper plumbing & electric per seller. Value-add. All m-t-m leases with current actual rents averaging $925/unit. Waived financing offers preferred.
Location
State AZ
County Maricopa
Community New Papago Parkway 9
Zoning R-5
Direction East of Scottsdale on E. Belleview.
Interior
Heating See Remarks, Individual, Heat Pump, Electric
Cooling See Remarks, Window/Wall Unit, Electric, Heat Pump, Individual
Flooring Other, Ceramic Tile, Vinyl
Appliance Other (See Remarks), F/S Oven/Range, W/D Hookup
Exterior
Parking Features Other (See Remarks), Paved Parking, >1 Space Per Unit
Community Features Other
Roof Type Composition
Total Parking Spaces 5
Building
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction No
Schools
School District Scottsdale Unified District
Others
Senior Community No
Tax ID 131-38-006-A
Acceptable Financing Other (See Remarks), Owner May Carry
Listing Terms Other (See Remarks), Owner May Carry
Financing Carryback
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14201 N Hayden Rd Ste C4, Scottsdale, AZ, 85260, United States