000 E POLK-Kinderman-Augusta Street, Scottsdale, AZ 85257 (MLS# 6854250)

000 E POLK-Kinderman-Augusta Street, Scottsdale, AZ 85257

$7,990,000

Property Type: Multiple Dwellings Status: Active

Current Price: $7,990,000 Last Modified: 5/05/2025

Description

2122-2124 W Augusta Ave, Phoenix, AZ 85021 (7 Units) ✔ Two fully occupied parcels✔ Stable Rental Income:** All units are fully occupied, ensuring consistent cash flow✔ Residential Loan Potential:** Can be purchased using two residential loans, offering favorable financing options✔ Extensive Renovations:** Recent upgrades to HVAC, plumbing, electrical, flooring, and more✔ Upgraded Appliances:** New stainless steel appliances in all units (fridge, range, microwave, dishwasher)✔ Modern Bathrooms:** New vanities, toilets, shower valves, and tubs installed✔ Energy Efficiency:** Replaced windows with energy-efficient models and upgraded roofing✔ Interior Upgrades:** Fresh paint, new flooring, and modernized kitchens with quartz counterto

Supplements: 2122-2124 W Augusta Ave, Phoenix, AZ 85021 (7 Units) Two fully occupied parcels Stable Rental Income:** All units are fully occupied, ensuring consistent cash flow Residential Loan Potential:** Can be purchased using two residential loans, offering favorable financing options Extensive Renovations:** Recent upgrades to HVAC, plumbing, electrical, flooring, and more Upgraded Appliances:** New stainless steel appliances in all units (fridge, range, microwave, dishwasher) Modern Bathrooms:** New vanities, toilets, shower valves, and tubs installed Energy Efficiency:** Replaced windows with energy-efficient models and upgraded roofing Interior Upgrades:** Fresh paint, new flooring, and modernized kitchens with quartz countertops Exterior Improvements:** Landscaped with gravel, artificial grass, and new wooden fences Prime Location:** Conveniently located near amenities, schools, and transportation hubs 7602 E Polk St, Scottsdale, AZ 85257 (6 units) Fully Remodeled - Smooth stucco, tile backsplashes, and dual-pane windows Six Total Units - (4) 2BR/1BA and (2) 1BR/1BA layouts Private Patios & Storage for Each Unit In-Unit Laundry - New Stackable Washers/Dryers Excellent Zoning - R-5 Multifamily Residential Lot Size: 11,021 SF | Building: 4,140 SF Prime Location - Minutes from Old Town, Tempe, and major employers Surrounded by Development - New townhomes being built behind the property Parcel: 131-15-001-Y Scottsdale 85257 - One of the Valley's top-performing rental submarkets 306 & 312 E Kinderman Dr, Avondale, AZ 85323 (13 Units) 13 Total Units: Fully occupied with strong in-place income Major Capital Improvements: Nearly $1M in renovations including interiors, exteriors, systems, and finishes Dishwashers in Every Unit: A standout amenity that enhances rental appeal Stabilized and Turnkey: Minimal deferred maintenance with all units leased Strategic West Valley Location: Minutes from I-10, top employers, shopping, and entertainment High Rental Demand: Avondale continues to experience rapid population and economic growth Investor-Friendly Market: Surrounded by infrastructure projects and booming development Buyer to Verify All Facts and Figures During Due Diligence

More Information MLS# 6854250

Contract Info

Current Price: $7,990,000 List Price: $7,990,000 Status: Active List Date: 2025-04-18 Ownership: Fee Simple

Location Tax Legal

House Number: 000 Compass: E Street Name: POLK-Kinderman-Augusta St Suffix: Street City/Town Code: Scottsdale State/Province: AZ Zip Code: 85257 Zip4: 4642 Country: US County Code: Maricopa Assessor Number: 131-15-001-Y Tax Year: 2024

General Property Description

Lot Size Dimensions: Irr Year Built: 1986 Uncvrd Parking Spcs: 35 Total # of Units: 26 # of Buildings: 7 Zoning: M-m Elementary School District: Scottsdale Unified District High School District: Scottsdale Unified District

Remarks Misc

Geo Lat: 33.452241 Geo Lon: -111.920397

Status Change Info

Status Change Date: 2025-04-19

Legal Info

Township: 1N Range: 4E Section: 2

Income Expenses

Gross Annual Sch Inc: 511320 Net Operating Income: 450789

Showing Notification Methods

Showing Service: Aligned Showings

Property Features

Project Type: 25 - 50 Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Foam; Rolled; Other Floors: Concrete; Vinyl; Ceramic Tile Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks) Community Features: No Pool; Barbecue; Other; See Remarks Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Trash Compactor; Microwave Heating: Individual; Heat Pump; Other Cooling: Ceiling Fan(s); Heat Pump; Individual; Other Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; SRP; Individual Meter Gas: Other (See Remarks) Parking Features: >1 Space Per Unit; Free; Paved Owner Pays: Water; Trash Collection; Landscaping; Other; See Remarks Tenant Pays: Electricity; Cable TV; Other (See Remarks) Source of Fincl Data: Owner Lockbox Type: Supra (ARMLS); See Private Remarks New Financing: No Carry Environmental: None

Listing Office: Gerchick Real Estate

Last Updated: May - 05 - 2025