Address
7320 E Belleview Street, Scottsdale, AZ
Price
$ 6,100,000
Property Attributes
  • MLS#6640573
  • TypePending
  • CountyMARICOPA
  • CityScottsdale
  • Zip85257
  • StyleMultiple Dwellings
  • Year Built1960
  • Taxes$ 5364
  • Price$ 6,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
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.

Price History
12/14/2023 Listed $6,100,000

General Features

Additional Parcels Y/N Yes
Attached Garage No
Cap Rate 6.0
Carport Y/N No
City Scottsdale
Community Features Other, Pool
Construction Materials See Remarks, Painted, Stucco
Cooling Electric, Ceiling Fan(s)
County Maricopa
Days on Market 95
Disclosures Other (See Remarks), None
Electric Other (See Remarks), SRP
Elementary School District Scottsdale Unified District
Garage Y/N No
Gross Income 464108.25
Heating Electric
High School District Scottsdale Unified District
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 0.0
Mobilehomeremainsyn No
Net Operating Income 365906.0
Open Parking Spaces 6.0
Operating Expense 5364.0
Ownerpays Gas, Trash Collection, Water, Sewer
Ownership Fee Simple
Percent Ownership Fee Simple
Property Type Multiple Dwellings
Rent Control Y/N No
Roof See Remarks
Senior Community No
Sewer Public Sewer
Standard Status Pending
Status Pending
Street Name Belleview
Tax Annual Amount 5364.0
Tax Lot 21
Tax Year 2022
Tenant Pays See Remarks, Electricity
Total Units 21
View Y/N No
Year Built 1960
Zoning R-5

Interior Features

Air Conditioning Y/N Yes
Electric On Property Y/N No
Flooring Other
Heating Y/N Yes
Street Suffix Street

Exterior Features

@odata.id https://replication.sparkapi.com/Version/2/Reso/OData/Property('20231207162747212048000000')
Covered Spaces 21.0
Crops Included Y/N No
Irrigation Water Rights Y/N No
Lot Dimensions unknown
Lot Size Acres 0.0
Lot Size Area 0.0
Number of Buildings 6
Open Parking Y/N No
Parking Features >1 Space Per Unit
Road Surface Type Asphalt
Spa No
Total Parking 27.0
Water Source City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 85257

Price
AVG $640K
$6.1M
Taxes
AVG $1,936
$5,364
Visits
AVG 89
226
Data Provided by Inside Real Estate®
Year Built
AVG 1975
1960

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