$9,250,000
Scottsdale, AZ 85251
MLS# 6382587
Status: Closed
1 / 56
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
Documents
Contract Info
Ownership: Fee Simple
Current Price: $9,250,000
Sold Price: $9,250,000
Status: Closed
List Date: 2022-04-12
Location, Tax & Legal
Unit #: 1-10
Assessor's Map #: 24
Legal Description (Abbrev): LOT 1002 MILLER SQUARE CONDOMINIUM MCR 132807
Assessor's Parcel #: 90
Add'l Parcels: Yes
Tax Municipality: Scottsdale
Census Tract: 217201
Taxes: 2727
Legal: LOT 1002 MILLER SQUARE CONDOMINIUM MCR 132807
Marketing Name: Miller Square
Map Code/Grid: P37
House Number: 7550
Compass: E
Street Name: OSBORN
St Suffix: Road
St Dir Sfx: E
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
County Code: Maricopa
Subdivision: MILLER SQUARE CONDOMINIUM
Assessor Number: 130-24-090
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 300x600
Total # of Units: 10
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Year Built: 2019
Zoning: Condominium
Legal Info
Range: 4E
Section: 26
Township: 2N
Lot Number: 1002
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Concrete: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 0
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: 0
Annual Other Expense: 2000
Operating Exp: 27756
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 629400
Pmt & Rate Info
Cap Rate: 5.84
Equity: 10000000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Heated Pool(s): 1
Heating
Natural Gas: 1
Cooling
Heat Pump: 1
Exterior Amenities
Landscape Water System: 1
Interior Features
Unfurnished: 1
Elevator(s): 1
Tenant Pays
None: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Built-In Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Electric: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Owner May Carry: 1
1031 Exchange: 1
Existing 1st Loan
Private: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-332-5812
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 10
Avg Rent: 6500
Avg SqFt: 2000
# Baths: 3
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
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
Off Market Date: 2022-09-13
Under Contract Date: 2022-09-13
Close of Escrow Date: 2022-09-30
Sold Price: $9,250,000
Income Expenses
Gross Annual Sch Inc: 629400
Net Operating Income: 583707
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Concrete
Sale Includes: Building(s) Only
Community Features: Heated Pool(s)
Exterior Amenities: Landscape Water System
Interior Features: Unfurnished; Elevator(s)
Appliances Included: Built-In Range; Dishwasher; Disposal; Microwave; W/D Hookup
Heating: Natural Gas
Cooling: Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Garage
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection; Landscaping
Tenant Pays: None
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Private
New Financing: Conventional; Owner May Carry; 1031 Exchange
Environmental: None
Rent and Expenses 
Listing Office: Network Realty
Last Updated: October - 03 - 2022
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