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7550 E Osborn Road, 1-10, Scottsdale, AZ 85251

$11,900,000
Status: Active
Current Price: $11,900,000 List Date: 5/17/2021 Last Modified: 11/28/2021

Description

Gorgeous Luxury Condos in Old Town Scottsdale adjacent to Scottsdale Stadium. Perfect for Airbnb that bring in up to $9000/month or $6000/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.

More Information MLS# 6237029

Contract Info

Current Price: $11,900,000 List Price: $11,900,000 Status: Active List Date: 2021-05-17 Ownership: Fee Simple

Location, Tax & Legal

Map Code/Grid: P37 House Number: 7550 Compass: E Street Name: Osborn St Suffix: Road Unit #: 1-10 City/Town Code: Scottsdale State/Province: AZ Zip Code: 85251 Country: USA County Code: Maricopa Assessor's Map #: 24 Assessor's Parcel #: 89 Add'l Parcels: Yes Assessor Number: 130-24-089 Legal: Miller Square Tax Municipality: Scottsdale Taxes: 28000 Tax Year: 2020 Marketing Name: Miller Square

General Property Description

Lot Size Dimensions: 300x600 Year Built: 2020 Uncvrd Parking Spcs: 2 Total # of Units: 10 # of Buildings: 1 Zoning: Condominium Elem School Dist #: 048 - Scottsdale Unified District High School Dist #: 048 - 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: 2021-07-08 UCB or CCBS: No

Legal Info

Lot Number: 1-10

Income & Expenses

Annual Elec Exp: 17350 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 Ownr Asoc Fee: 42000 Annual Other Expense: 2000 Operating Exp: 112379 Gross Annual Sch Inc: 678000 Adjusted Gross Inc: 678000 Net Operating Income: 590185

Pmt & Rate Info

Cap Rate: 4.96 Equity: 11900000

3 Bedrooms Units

# 3 Bedroom Units: 10 Avg Rent: 6500 Avg SqFt: 2000 # Baths: 3

Contact Info

List Agent Home Phn: 602-332-5812

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 Existing 1st Loan: Private New Financing: Conventional; Seller May Carry; 1031 Exchange Reports/Disclosures: Seller Prop Disc Stm Environmental: None
Listing Office: Network Realty
Last Updated: November - 28 - 2021
7550 E Osborn Road, 1-10, Scottsdale, AZ 85251- MLS# 6237029
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