$3,420,000
7238 E BELLEVIEW (7240, 7302) StreetScottsdale, AZ 85257
MLS# 6361842
15 beds | 12 baths
1 / 30
Property DescriptionSold 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.
Details
Contract Info
Current Price: $3,420,000
List Price: $3,420,000
Status: Closed
List Date: 2022-02-26
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: Q37
House Number: 7238
Compass: E
Street Name: BELLEVIEW (7240, 7302)
St Suffix: Street
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85257
Zip4: 3432
Country: US
County Code: Maricopa
Subdivision: NEW PAPAGO PARKWAY 9
Assessor Number: 131-38-006-A
Tax Year: 2021
General Property Description
Lot Size Dimensions: 7020 SF/lot-21060 SF total
Year Built: 1962
Uncvrd Parking Spcs: 5
Total # of Units: 12
# of Buildings: 3
Zoning: R-5
Flood Zone: No
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Legal Info
Township: 1N
Range: 4E
Section: 2
Lot Number: 164
1 Bedroom Units
# 1 Bedroom Units: 9
Avg SqFt: 625
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg SqFt: 800
# Baths: 1
Structure
Bedrooms Total: 15
Bathrooms Total: 12
Sold Info
Loan Type: Carryback
Loan Years: 2
Payment Type: Interest Only
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Cross Street: Scottsdale Rd/McDowell
Directions: East of Scottsdale on E. Belleview.
Geo Lat: 33.461686
Geo Lon: -111.923906
Status Change Info
Off Market Date: 2022-03-25
Under Contract Date: 2022-03-14
Close of Escrow Date: 2022-04-21
Sold Price: $3,420,000
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Other
Sale Includes: Land & Building; Other (See Remarks)
Community Features: Other
Exterior Amenities: Desert Landscaping; Partially Fenced; Patio/Balcony; Security Light(s); Other (See Remarks)
Interior Features: Fire/Smoke Alarm(s); Mini Blinds; Other (See Remarks)
Appliances Included: Refrigerator; Free-Standing Range; W/D Hookup; Other
Heating: Heat Pump; Electric; Individual; See Remarks
Cooling: Electric; Heat Pump; Window/Wall Unit; Individual; See Remarks
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: Other (See Remarks)
Parking Features: >1 Space Per Unit; Paved; Other
Road Surface Type: Gravel
Owner Pays: Water; Sewer; Landscaping; Other; See Remarks
Tenant Pays: Electricity; Other (See Remarks)
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Owner May Carry; Other (See Remarks)
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: February - 26 - 2025
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