000 E POLK-Kinderman-Augusta Street, Scottsdale, AZ 85257 (MLS# 6854250)

000 E POLK-Kinderman-Augusta Street, Scottsdale, AZ 85257

$7,590,000
Property Type: Multiple Dwellings Status: Active
Current Price: $7,590,000 Last Modified: 9/10/2025

Description

2122-2124 W Augusta Ave, Phoenix, AZ 85021 (7 Units) ✔ Two fully occupied parcels✔ Stable Rental Income:* All units are fully occupied, ensuring consistent cash flow✔ Residential Loan Potential: Can be purchased using two residential loans, offering favorable financing options✔ Extensive Renovations: Recent upgrades to HVAC, plumbing, electrical, flooring, and more✔ Upgraded Appliances:** New stainless steel appliances in all units (fridge, range, microwave, dishwasher)✔ Modern Bathrooms:** New vanities, toilets, shower valves, and tubs installed✔ Energy Efficiency: Replaced windows with energy-efficient models and upgraded roofing✔ Interior Upgrades: Fresh paint, new flooring, and modernized kitchens with quartz

Supplements: 2122-2124 W Augusta Ave, Phoenix, AZ 85021 (7 Units)  Two fully occupied parcels Stable Rental Income:** All units are fully occupied, ensuring consistent cash flow Residential Loan Potential:** Can be purchased using two residential loans, offering favorable financing options Extensive Renovations:** Recent upgrades to HVAC, plumbing, electrical, flooring, and more Upgraded Appliances:** New stainless steel appliances in all units (fridge, range, microwave, dishwasher) Modern Bathrooms:** New vanities, toilets, shower valves, and tubs installed Energy Efficiency:** Replaced windows with energy-efficient models and upgraded roofing Interior Upgrades:** Fresh paint, new flooring, and modernized kitchens with quartz countertops Exterior Improvements:** Landscaped with gravel, artificial grass, and new wooden fences Prime Location:** Conveniently located near amenities, schools, and transportation hubs 7602 E Polk St, Scottsdale, AZ 85257 (6 units)  Fully Remodeled - Smooth stucco, tile backsplashes, and dual-pane windows Six Total Units - (4) 2BR/1BA and (2) 1BR/1BA layouts Private Patios & Storage for Each Unit In-Unit Laundry - New Stackable Washers/Dryers Excellent Zoning - R-5 Multifamily Residential Lot Size: 11,021 SF | Building: 4,140 SF Prime Location - Minutes from Old Town, Tempe, and major employers Surrounded by Development - New townhomes being built behind the property Parcel: 131-15-001-Y Scottsdale 85257 - One of the Valley's top-performing rental submarkets 306 & 312 E Kinderman Dr, Avondale, AZ 85323 (13 Units) 13 Total Units: Fully occupied with strong in-place income Major Capital Improvements: Nearly $1M in renovations including interiors, exteriors, systems, and finishes Dishwashers in Every Unit: A standout amenity that enhances rental appeal Stabilized and Turnkey: Minimal deferred maintenance with all units leased Strategic West Valley Location: Minutes from I-10, top employers, shopping, and entertainment High Rental Demand: Avondale continues to experience rapid population and economic growth Investor-Friendly Market: Surrounded by infrastructure projects and booming development Buyer to Verify All Facts and Figures During Due Diligence

More Information MLS# 6854250

Contract Info

Ownership: Fee Simple Current Price: $7,590,000 List Price: $7,590,000 Status: Active List Date: 2025-04-18

Location, Tax & Legal

Assessor's Map #: 15 Legal Description (Abbrev): BEG AT S4 COR SEC 2 TH N 522F E 40F TO POB TH E 1 10.235F S 100F W 110.235F TH N 100F TO POB Assessor's Parcel #: 1 Assessor Parcel Ltr: Y Add'l Parcels: Yes Tax Municipality: Scottsdale Census Tract: 218200 Taxes: 7320 Legal: BEG AT S4 COR SEC 2 TH N 522F E 40F TO POB TH E 1 10.235F S 100F W 110.235F TH N 100F TO POB Marketing Name: Portfolio 26 Units House Number: 000 Compass: E Street Name: POLK-Kinderman-Augusta St Suffix: Street City/Town Code: Scottsdale State/Province: AZ Zip Code: 85257 Zip4: 4642 County Code: Maricopa Assessor Number: 131-15-001-Y Tax Year: 2024

General Property Description

# of Buildings: 7 Uncvrd Parking Spcs: 35 Lot Size Dimensions: Irr Total # of Units: 26 Elementary School District: Scottsdale Unified District High School District: Scottsdale Unified District Year Built: 1986 Zoning: M-m

Legal Info

Range: 4E Section: 2 Township: 1N

Project Type

25 - 50 Units: 1

Construction

Block: 1 Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1 Foam: 1 Rolled: 1 Other: 1

Floors

Concrete: 1 Vinyl: 1 Ceramic Tile: 1

Sale Includes

Land & Building: 1 Personal Property: 1 Laundry Equipment: 1 Other (See Remarks): 1

Income & Expenses

Annual Elec Exp: 21400 Annual Ins Exp: 11968 Annual Landscape Exp: 4800 Annual Maint Exp: 4750 Annual Mgmt Exp: 20787 Annual Wtr/Swr Exp: 9639 Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 80664 Other Income: 19020 Vacancy Allowance: 0.05 Adjusted Gross Inc: 503823 Totl Mnth Rntal Inc: 42610

Pmt & Rate Info

Cap Rate: 5.94 Equity: 7590000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Supra: 1 See Private Remarks: 1

Community Features

No Pool: 1 Barbecue: 1 Other: 1 See Remarks: 1

Heating

Individual: 1 Heat Pump: 1 Other: 1

Cooling

Ceiling Fan(s): 1 Heat Pump: 1 Individual: 1 Other: 1

Tenant Pays

Electricity: 1 Cable TV: 1 Other (See Remarks): 1

Appliances Included

Free-Standing Range: 1 Refrigerator: 1 Dishwasher: 1 Disposal: 1 Trash Compactor: 1 Microwave: 1

Roads/Streets

Asphalt: 1 Curb(s) & Gutter(s): 1 Sidewalk(s): 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1 Master Meter: 1

Sewer

Sewer - Public: 1 Sewer-In & Connected: 1

Parking Features

Free: 1 >1 Space Per Unit: 1 Paved: 1

Electric

APS: 1 SRP: 1 Individual Meter: 1

Gas

Other (See Remarks): 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1 Other: 1 See Remarks: 1

New Financing

No Carry: 1

Reports/Disclosures

Seller Prop Disc Stm: 1 APOD/Backup Avaible: 1 Sch of Personal Prop: 1 None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Geo Lat: 33.452241 Geo Lon: -111.920397

Income Expenses

Gross Annual Sch Inc: 511320 Net Operating Income: 450789

Property Features

Project Type: 25 - 50 Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Foam; Rolled; Other Floors: Concrete; Vinyl; Ceramic Tile Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks) Community Features: No Pool; Barbecue; Other; See Remarks Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Trash Compactor; Microwave Heating: Individual; Heat Pump; Other Cooling: Ceiling Fan(s); Heat Pump; Individual; Other Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; SRP; Individual Meter Gas: Other (See Remarks) Parking Features: >1 Space Per Unit; Free; Paved Owner Pays: Water; Trash Collection; Landscaping; Other; See Remarks Tenant Pays: Electricity; Cable TV; Other (See Remarks) Source of Fincl Data: Owner Lockbox Type: Supra; See Private Remarks New Financing: No Carry Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: September - 10 - 2025
000 E POLK-Kinderman-Augusta Street, Scottsdale, AZ 85257- MLS# 6854250
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