7320 E Belleview Street Scottsdale, AZ $ 6,100,000
7320 E Belleview Street
$ 6,100,000
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7320 E Belleview Street

Scottsdale, AZ, 85257
$ 6,100,000
Baths0.0

Monthly Estimate*

$ 40,542

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Studio

Multi-Family Home for sale in Scottsdale, AZ

for $6,100,000. This home was built in 1960.

Bella Villas is a 21-unit garden style community located one block southeast of Scottsdale Rd & McDowell and is adjacent to SkySong, the ASU Scottsdale Innovation Center. The seller's existing first position debt is available for assumption upon approval from the lender. The property uniquely offers both townhome style (two-story) and patio-home style (one-story) units with each unit possessing its own tax parcel number allowing for individual consumer sales as a possible exit strategy for the future owner. Twenty of the units are two-bedroom floorplans and the remaining unit is a one-bedroom floorplan. The townhome units enjoy private backyards and second story balconies. The patio-home units enjoy private front patios and private backyards. Thirteen of the units have been recently renovated with modern interiors and include shaker cabinets, quartz countertops, stainless steel appliance packages, wood plank vinyl flooring, new fans, faucets, fixtures, remodeled bathrooms and in-suite laundry. Each unit is individually metered for electricity and enjoys its own water heater. Tenants enjoy covered parking, resort style swimming pool and a community laundry facility is also available. Assumable debt is available. Bella Villas is conveniently located near Old Town Scottsdale, Fashion Square Mall, and enjoys easy access to the 101 and 202 Freeways and is just a short drive to Sky Harbor International Airport, the Arizona State University Main Campus (ranked most innovative University in the U.S.), the Marina Heights (the largest office development in Arizona history) and the Novus Innovation Corridor both located in north Tempe adjacent to Arizona State University. The property is 100% leased.

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Multi-Family Active

Price

$ 6,100,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,364

Style

Multiple Dwellings

Year Built

1960

Town/City

Scottsdale

County/Region

Maricopa

MLS | Web ID

6640573

Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric Ceiling Fan(s)
Roof See Remarks
Zoning R-5
Construction Materials See Remarks Painted Stucco
Year Built 1960
Electric Other (See Remarks) SRP
Tenant Pays See Remarks Electricity
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 464108.25
Community Features Other Pool
County Maricopa
Net Operating Income 365906.0
Operating Expense 5364.0
Property Type Multiple Dwellings
Attached Garage N
Garage Y/N N
Status Active
City Scottsdale
Buyer Agent Compensation 1.00
Disclosures Other (See Remarks) None
View Y/N N
High School District Scottsdale Unified District
Open Parking Spaces 6.0
Total Units 21
Lot Size Square Feet 0.0
Carport Y/N N
Street Name Belleview
Tax Annual Amount 5364.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 115
Standard Status Active
Elementary School District Scottsdale Unified District
Tax Lot 21
Cap Rate 6.0
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community N
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Interior
Flooring Other
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 27.0
Lot Size Area 0.0
Number of Buildings 6
Spa N
Lot Dimensions unknown
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 21.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 7320
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* Excluded Features
List By
Munroe Multifamily

Broker

royce@munroemultifamily.com

Email

Affordability Calculator

$40,989
Per Month
99%
1%
0%
Monthly Principal & Interest
$40,542
Monthly Property Taxes
$447
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327690 Elementary School
4327324 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/14/2023$6,100,000 Listed Price

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7320 E Belleview Street, Scottsdale, AZ, 85257 is a Multi-Family Home for sale at $6,100,000. 7320 E Belleview Street is a studio with 0.0 baths and was built in 1960. The property's zip code is 85257 which is in Scottsdale, AZ