$900,000
Scottsdale, AZ 85257
MLS# 7000820
Status: Pending
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Property Description
Located in the heart of a quiet, fully residential South Scottsdale neighborhood right by Old Town, 2614 N 72nd Place offers a rare boutique multifamily opportunity to buy a single-story triplex with an amazing unit mix. With 3-5% down, the property could also be purchased with a first-time home buyer's loan, allowing a buyer to live in an amazing location while saving a significant mortgage payment. Two identical triplexes available. 2,807 SF each, Amazing unit mix of (1) 3-bed/2-bath, (1) 2-bed/2-bath, and (2) 2-bed/1-bath units averaging ~936 SF. One of the most desirable mixes available in this submarket. Currently 100% leased with rents below market, the value-add upside is clear. No HOA, private walled patios with pergolas throughout, and 2+ parking spaces per unit.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $900,000
List Price: $900,000
Status: Pending
List Date: 2026-03-18
Location, Tax & Legal
Assessor's Map #: 29
Legal Description (Abbrev): JUANITA
Assessor's Parcel #: 78
Add'l Parcels: Yes
Tax Municipality: Scottsdale
Census Tract: 217900
Taxes: 2596
Legal: JUANITA ''Y'' OLMO FRONTIER PLACE LOT 16 BLK 4
Marketing Name: Scottsdale Apartment Home
House Number: 2614
Compass: N
Street Name: 72ND
St Suffix: Place
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85257
Zip4: 1476
Country: US
County Code: Maricopa
Subdivision: JUANITA ''Y'' OLMO FRONTIER PLACE
Assessor Number: 131-29-078
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 7
Lot Size Dimensions: TBD
Total # of Units: 3
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Elementary School: Pima Elementary School
High School: Coronado High School
Year Built: 1971
Zoning: R-5
Legal Info
Range: 4E
Section: 35
Township: 2N
Lot Number: 16
Project Type
Tri-Plex: 1
5 - 12 Units: 1
Construction
Wood Frame: 1
Adobe: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 6210
Annual Ins Exp: 5400
Annual Maint Exp: 6660
Annual Mgmt Exp: 5120
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 25986
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 102258
Pmt & Rate Info
Cap Rate: 4.24
Equity: 1800000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Other: 1
None: 1
Community Features
No Pool: 1
Heating
Forced Air: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Disposal: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Electric
APS: 1
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1412.5
Avg SqFt: 900
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1640
Avg SqFt: 1000
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Virgina & 72nd Pl
Geo Lat: 33.477184
Geo Lon: -111.925441
Status Change Info
Off Market Date: 2026-04-26
Under Contract Date: 2026-03-27
Income Expenses
Gross Annual Sch Inc: 107640
Net Operating Income: 76408
Property Features
Project Type: Tri-Plex; 5 - 12 Units
Construction: Wood Frame; Adobe
Const - Finish: Painted
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced
Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Disposal
Heating: Forced Air
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; SRP
Gas: SW Gas
Parking Features: On Street; >1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Other; None
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Orion Investment Real Estate
Last Updated: April - 26 - 2026
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