480-442-0779

7602 E POLK Street, Scottsdale, AZ 85257 (MLS# 6849696)

7602 E POLK Street, Scottsdale, AZ 85257

$2,495,000
Property Type: Multiple Dwellings Status: Active
Current Price: $2,495,000 Last Modified: 4/16/2025

Description

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

Supplements: 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 dryera rare combination for the area. <Ø 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. =Ì Buyer to verify all facts and figures. **Discover South Scottsdale: Where Lifestyle Meets Opportunity** South Scottsdale is more than a locationit'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 Scottsdalea 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.

More Information MLS# 6849696

Contract Info

Current Price: $2,495,000 List Price: $2,495,000 Status: Active List Date: 2025-04-10 Ownership: Fee Simple

Location Tax Legal

House Number: 7602 Compass: E Street Name: POLK 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: 10 Total # of Units: 6 # of Buildings: 1 Zoning: [R-5] Elementary School District: Scottsdale Unified District High School District: Scottsdale Unified District

Remarks Misc

Cross Street: McDowell and Miler Directions: South on Miller to Polk. Property is on the north east corner Geo Lat: 33.45254 Geo Lon: -111.917561

Status Change Info

Status Change Date: 2025-04-10

Legal Info

Township: 1N Range: 4E Section: 2

Income Expenses

Gross Annual Sch Inc: 122280 Net Operating Income: 106909

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 2 Avg Rent: 1625 Avg SqFt: 563 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1950 Avg SqFt: 720 # Baths: 1

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Foam Floors: Vinyl Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Wtr System; Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s) Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Other (See Remarks) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Heat Pump; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: None Parking Features: >1 Space Per Unit; Free; Paved Owner Pays: Water; Trash Collection; Landscaping; See Remarks Tenant Pays: Electricity; Cable TV; Other (See Remarks) Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: See Private Remarks; None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; No Carry Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: April - 16 - 2025
7602 E POLK Street, Scottsdale, AZ 85257- MLS# 6849696
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