$9,250,000
Scottsdale, AZ 85251
MLS# 6382587
Status: Closed
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Property 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.
Details
Maps
Documents
Contract Info
Current Price: $9,250,000
Sold Price: $9,250,000
Status: Closed
List Date: 2022-04-12
Ownership: Fee Simple
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
Rent and Expenses Listing Office: Network Realty
Last Updated: October - 03 - 2022
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