7602 E Polk St, Scottsdale, AZ 85257 6 units remodeled and 100% Occupied $2,495,000

7602 E Polk St, Scottsdale, AZ 85257 – 6 units completely remodeled and 100% occupied. Check out the amazing Building $2,495,000

The Property

Discover Ethos on Polk, a fully remodeled six-unit multifamily investment located just minutes from the heart of Old Town Scottsdale. This turn-key asset offers exceptional tenant appeal, stable income, and long-term upside in one of the Valley’s most sought-after rental markets.

With four spacious 2-bed/1-bath units and two modern 1-bed/1-bath units, each residence includes its own private patio, dedicated storage room, and in-unit stackable washer and dryer—a rare combination for the area.

🏘️ Future Growth Alert: A brand-new townhome development is currently under construction directly behind Ethos on Polk, enhancing neighborhood appeal and boosting long-term property value.

Property Highlights

✔ 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

This property is highly regarded by neighbors and known as the “new building on the block” due to its extensive modern upgrades. The property offers a rare combination of style, stability, and future upside.

📌 Buyer to verify all facts and figures.

For more details or to schedule a private tour, contact:
Linda Gerchick, CCIM

Virtual Tour-Check it out!

If you‘re interested in exploring the features of this property without leaving the comfort of your home, I highly recommend checking out the virtual tour. By clicking on the link provided, you’ll have the opportunity to experience a 360-degree view of the property, giving you a more immersive and interactive perspective. So why not take advantage of this convenient and innovative tool and discover what this property has to offer?

Location

Here’s a compelling marketing piece highlighting the vibrant aspects of South Scottsdale:

Discover South Scottsdale: Where Lifestyle Meets Opportunity

South Scottsdale is more than a location—it’s a dynamic blend of culture, convenience, and growth. Whether you’re drawn to the bustling nightlife of Old Town, the excitement of spring training baseball, or the innovation hub at SkySong, this area offers something for everyone.

Old Town Scottsdale: Experience the heart of the city where history meets contemporary flair. Old Town Scottsdale is renowned for its vibrant arts scene, upscale dining, and eclectic shopping boutiques. From art galleries to lively entertainment, every corner invites exploration and indulgence.

Spring Training Baseball: Home to some of MLB’s most exciting preseason action, South Scottsdale welcomes baseball enthusiasts each spring. Catch your favorite teams in action at nearby stadiums, soaking in the sun and the thrill of America’s favorite pastime.

SkySong Innovation Center: Positioned as a catalyst for innovation and entrepreneurship, SkySong fuels South Scottsdale’s economic engine. This cutting-edge campus hosts leading companies and startups alike, fostering collaboration and growth in tech and business sectors.

Access and Connectivity: South Scottsdale’s proximity to the Loop 101 freeway ensures seamless connectivity to the entire Phoenix metropolitan area. Whether commuting to work or exploring nearby attractions, easy access enhances convenience and mobility.

Employment Hub: Anchored by SkySong and supported by a diverse array of industries, South Scottsdale boasts a robust employment base. From corporate headquarters to local businesses, opportunities abound for professionals seeking a thriving career landscape.

Experience the essence of South Scottsdale—a vibrant community where lifestyle meets opportunity. Whether you’re looking to invest, relocate, or enjoy the best of Arizona living, South Scottsdale stands ready to welcome you.

$2,495,000

Sale Price

$126,596

Effective Income

$19,047

Operating Expenses

$106,909

Net Operating Income

4.28%

Cap Rate

$2,495,000

Sale Price

$147,315

Proforma Effective Income

$20,723

Proforma Operating Expenses

$126,592

Proforma Net Operating Income

5.07%

Proforma Cap Rate

Offering Memorandum and Marketing Flyer

To access the Offering Memorandum or the one page Flyer, simply click on the button located below. From there, you’ll be able to download the document in PDF format.

Our Offering Memorandum is an essential resource for anyone who is considering investing in our opportunity. It includes all the necessary information, such as the investment terms, potential risks, financial projections, and more. By reviewing this document, you’ll have a complete understanding of what the investment entails.

If you have any questions or would like to learn more about our investment opportunity, please don’t hesitate to reach out to us. We’re always happy to answer any questions and provide you with the information you need to make an informed decision.

Thank you for considering our investment opportunity, and we hope to hear from you soon!

One Page Flyer-Check it out Offering Memorandum-Check it out!