7320 E Belleview Street, Scottsdale, AZ 85257

$6,100,000
List Price
$6,100,000
Status
PENDING
Days on Market
95
MLS#
6640573
City
Scottsdale
Year Built
1960

Property Description

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.

Additional Information

Taxes
$5,364
Net Operating Income
$365,906
Cap Rate
6
Units
21
Flooring
Other
Parking Features
>1 Space Per Unit
Construction
See Remarks, Painted, Stucco
Roofing
See Remarks
Cooling
Electric, Ceiling Fan(s)
Heating
Electric
Zoning
R-5
Community Features
Other, Pool
Electric
Other (See Remarks), SRP
Water
City Franchise
Sewer
Public Sewer
Tenant Pays
See Remarks, Electricity
New Financing
Other (See Remarks)
School District
Scottsdale Unified District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Munroe Multifamily.

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