$9,250,000
7550 E OSBORN Road E 1-10
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
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
IDX
Listing Office: Network Realty

Last Updated: October - 03 - 2022

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