$6,100,000
Scottsdale, AZ 85257
MLS# 6640573
1 / 19
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.
Details
Maps
Contract Info
Current Price: $6,100,000
List Price: $6,100,000
Status: Active
List Date: 2023-12-14
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 7320
Compass: E
Street Name: Belleview
St Suffix: Street
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85257
Country: USA
County Code: Maricopa
Assessor's Map #: 38
Assessor's Parcel #: 155
Add'l Parcels: Yes
Assessor Number: 131-38-155
Legal: to be provided at title
Tax Municipality: Scottsdale
Taxes: 5364
Tax Year: 2022
Marketing Name: Bella Villas Condominiums
General Property Description
Lot Size Dimensions: unknown
Year Built: 1960
Uncvrd Parking Spcs: 6
Total # of Units: 21
# of Buildings: 6
Zoning: R-5
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Geo Lat: 33.461793
Geo Lon: -111.922192
Status Change Info
Status Change Date: 2024-05-06
Legal Info
Lot Number: 21
Income & Expenses
Owner Association: No
Operating Exp: 5364
Gross Annual Sch Inc: 473940
Other Income: 14595
Vacancy Allowance: 0.05
Adjusted Gross Inc: 464108.25
Net Operating Income: 365906
Pmt & Rate Info
Cap Rate: 6
Equity: 6100000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1645
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 20
Avg Rent: 1850
Avg SqFt: 741
# Baths: 1
Property Features
Project Type: 13 - 24 Units
Construction: Other (See Remarks)
Const - Finish: Painted; Stucco
Roofing: Other (See Remarks)
Floors: Other
Sale Includes: Other (See Remarks)
Community Amenities: Pool; Other
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; Other (See Remarks)
Cooling: Ceiling Fan(s); Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP; Other (See Remarks)
Gas: SW Gas
Parking: >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Water; Gas; Trash Collection
Tenant Pays: Electric; Other (See Remarks)
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email
Lockbox Type: None
New Financing: Other (See Remarks)
Reports/Disclosures: None; Other (See Remarks)
Environmental: None
Supplements
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.
Listing Office: Munroe Multifamily
Last Updated: May - 06 - 2024
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