$7,990,000

000 E Polk-Kinderman-augusta St Scottsdale, AZ 85257

South Scottsdale Neighborhood

Estimated payment $44,738/month

Total Views 4,779
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Community Barbecue Grill
  • Ceiling Fan

About This Home

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 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

Listing Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 04/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,320

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 35 Open Parking Spaces
  • 35 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Assessor Parcel Number 131-15-001-Y

Community Details

Overview

  • 7 Buildings
  • 26 Units
  • Building Dimensions are Irr

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $80,664
  • Gross Income $503,823
  • Net Operating Income $450,789

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,320

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: M-m
  • Number Of Buildings: 7
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2024
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 20787.0
  • Tax Parcel Letter: Y
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: Free-Standing Range, Trash Compactor, Disposal, Dishwasher, Refrigerator, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Compactor2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Other, Composition, Foam, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 35.0
  • Total Parking Spaces: 35.0
  • General Property Description:Uncvrd Parking Spcs: 35.0
  • General Property Description:Total Parking Spcs: 35.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Other, Heat Pump, Individual
  • Heating: Other, Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Barbecue, No Pool

Fee Information

  • Annual Water Sewer Expense: 9639.0

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: Irr
  • Additional Parcels: Yes
  • Parcel #: 131-15-001-Y

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 26
  • Electric Expense: 21400.0
  • Annual Gross Income: 503823.0
  • Insurance Expense: 11968.0
  • Maintenance Expense: 4750.0
  • Property Net Operating Income: 450789.0
  • Annual Operating Expense: 80664.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 7320.0
  • Tax Book Number: 131.00
  • Tax Lot: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 For Sale $7,990,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6854250

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Scottsdale 85257 South Scottsdale

000 E Polk-Kinderman-augusta St, Scottsdale, AZ

This home is located at 000 E Polk-Kinderman-augusta St, Scottsdale, AZ 85257 and is currently priced at $7,990,000. This property was built in 1986. 000 E Polk-Kinderman-augusta St is a home located in Maricopa County with nearby schools including Yavapai Elementary School, Tonalea Middle School, and Coronado High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Linda Gerchick
Listing Agent
Linda Gerchick
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Gerchick Real Estate
(480) 680-8232