7550 E OSBORN Road E, 1-10, Scottsdale, AZ 85251
$9,250,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$9,250,000
Last Modified:
10/03/2022
Description
Gorgeous Luxury Condos in Old Town Scottsdale adjacent to Scottsdale Stadium. Perfect for Airbnb that bring in up to $9000/month or $4500-$6500\month for long term rentals. Whole complex is for sale. Each unit has 3 bed, 3.5 bath, 2 car garage, and a private elevator. community pool. Tile or wood floors. Thermador appliances. Ring doorbells. Tesla chargers. Large granite slabs in the kitchens and tons of custom cabinetry.
More Information MLS# 6382587
Contract Info
Current Price: $9,250,000
Sold Price: $9,250,000
Status: Closed
List Date: 2022-04-12
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: $
Location, Tax & Legal
Map Code/Grid: P37
House Number: 7550
Compass: E
Street Name: OSBORN
St Suffix: Road
St Dir Sfx: E
Unit #: 1-10
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 1002 MILLER SQUARE CONDOMINIUM MCR 132807
Subdivision: MILLER SQUARE CONDOMINIUM
Assessor's Map #: 24
Assessor's Parcel #: 90
Add'l Parcels: Yes
Assessor Number: 130-24-090
Legal: LOT 1002 MILLER SQUARE CONDOMINIUM MCR 132807
Census Tract: 217201
Tax Municipality: Scottsdale
Taxes: 2727
Tax Year: 2021
Marketing Name: Miller Square
General Property Description
Lot Size Dimensions: 300x600
Year Built: 2019
Uncvrd Parking Spcs: 2
Total # of Units: 10
# of Buildings: 1
Zoning: Condominium
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Cross Street: Miller and Osborn
Directions: Northwest Corner of Miller and Osborn
Geo Lat: 33.487907
Geo Lon: -111.917875
Status Change Info
Status Change Date: 2022-10-01
Off Market Date: 2022-09-13
Under Contract Date: 2022-09-13
Close of Escrow Date: 2022-09-30
Sold Price: $9,250,000
Legal Info
Township: 2N
Range: 4E
Section: 26
Lot Number: 1002
Income & Expenses
Annual Gas Exp: 2000
Annual Ins Exp: 11529
Annual Landscape Exp: 3600
Annual Trash Exp: 2400
Annual Wtr/Swr Exp: 3500
Owner Association: Yes
Annual Other Expense: 2000
Operating Exp: 27756
Gross Annual Sch Inc: 629400
Adjusted Gross Inc: 629400
Net Operating Income: 583707
Pmt & Rate Info
Cap Rate: 5.84
Equity: 10000000
3 Bedrooms Units
# 3 Bedroom Units: 10
Avg Rent: 6500
Avg SqFt: 2000
# Baths: 3
Contact Info
List Agent Home Phn: 602-332-5812
Sold Info
Loan Type: Cash
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Concrete
Sale Includes: Building(s) Only
Community Amenities: Heated Pool(s)
Exterior Amenities: Landscape Wtr System
Interior Amenities: Unfurnished; Elevator(s)
Appliances Included: BI Oven/Range; Dishwasher; Disposal; Microwave; W/D Hookup
Heating: Natural Gas
Cooling: Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Garage
Roads/Streets: Asphalt
Owner Pays: Water; Electric; Trash Collection; Landscaping
Tenant Pays: None
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Private
New Financing: Conventional; Seller May Carry; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Documents
Rent and Expenses ›Listing Office: Network Realty
Last Updated: October - 03 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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