7238 E BELLEVIEW (7240, 7302) Street, Scottsdale, AZ 85257
$3,420,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,420,000
Last Modified:
2/26/2025
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.
More Information MLS# 6361842
Contract Info
Ownership: Fee Simple
Current Price: $3,420,000
Sold Price: $3,420,000
Status: Closed
List Date: 2022-02-26
Location, Tax & Legal
Assessor's Map #: 38
Legal Description (Abbrev): LOT 164 NEW PAPAGO PARKWAY 9 MCR 008533
Assessor's Parcel #: 6
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Scottsdale
Census Tract: 218200
Taxes: 0
Legal: 3 Legals with 3 separate lots in package.
Marketing Name: Scottsdale SkySong 12
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
County Code: Maricopa
Subdivision: NEW PAPAGO PARKWAY 9
Assessor Number: 131-38-006-A
Tax Year: 2021
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 7020 SF/lot-21060 SF total
Flood Zone: No
Total # of Units: 12
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Year Built: 1962
Zoning: R-5
Legal Info
Range: 4E
Section: 2
Township: 1N
Lot Number: 164
Project Type
5 - 12 Units: 1
Other Type
Packaged Offering: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Other: 1
Sale Includes
Land & Building: 1
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 3420000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Electric: 1
Individual: 1
Heat Pump: 1
See Remarks: 1
Cooling
Electric: 1
Heat Pump: 1
Window/Wall Unit: 1
Individual: 1
See Remarks: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Patio/Balcony: 1
Security Light(s): 1
Other (See Remarks): 1
Interior Amenities
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Other (See Remarks): 1
Appliances Included
Free-Standing Range: 1
Refrigerator: 1
W/D Hookup: 1
Other: 1
Roads/Streets
Gravel: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Paved: 1
Other: 1
Electric
APS: 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Landscaping: 1
Other: 1
See Remarks: 1
New Financing
Owner May Carry: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Ln Type
Not Applicable: 1
Existing 1st Ln Trms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Ln Type
Not Applicable: 1
Existing 2nd Ln Trms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Ln Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Ln Trms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 9
Avg Rent: 0
Avg SqFt: 625
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 0
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Carryback
Loan Years: 2
Closing Cost Split: Normal - N
Payment Type: Interest Only
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
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 Amenities: Fire/Smoke Alarm(s); Mini Blinds; Other (See Remarks)
Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup; Other
Heating: Individual; Heat Pump; 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
Owner Pays: Water; 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 Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: 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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