$2,700,000
SOLD APR 14, 2025
-- Bed
-- Bath
2,668 Sq Ft
7,013 Sq Ft Lot

Recently Sold

$1,012 Per Sq Ft

16% Below List Price

32 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Vinyl Flooring
  • Individual Controls for Heating
  • Ceiling Fan

About This Home

As of April 2025

Three fourplexes located next to each other. 7238, 7240, and 7302 E Belleview Street.
Property consists of 9 1bed/1bath and 3 2bed/1bath units with varying levels of renovations. Fully occupied property with value add opportunities. Please reach out for more information.

Last Agent to Sell the Property

Jackson Everhart

Orion Investment Real Estate License #SA689433000

Last Buyer's Agent

Cody Leslie

Orion Investment Real Estate License #SA712178000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $925

Year Built

  • Built in 1962

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 163
  • Assessor Parcel Number 131-38-005-B

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Building Dimensions are 21060
  • New Papago Parkway 9 Subdivision

Building Details

  • Operating Expense $925
  • Gross Income $163,400
  • Net Operating Income $137,574

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$925

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Scottsdale Road and McDowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2024
  • Directions: East of Scottsdale on E. Belleview.
  • Road Surface Type: Asphalt
  • Subdivision Name: NEW PAPAGO PARKWAY 9
  • Tax Parcel Letter: B
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Window/Wall Unit, Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: 21060
  • Additional Parcels: Yes
  • Parcel #: 131-38-005-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 12
  • Annual Gross Income: 163400.0
  • Property Net Operating Income: 137574.0
  • Annual Operating Expense: 925.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 925.0
  • Tax Book Number: 131.00
  • Tax Lot: 163

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
04/14/2025 04/14/25 Sold $2,700,000 -9.8% $1,012 / Sq Ft
02/20/2025 02/20/25 Price Changed $2,995,000 -6.4% $1,123 / Sq Ft
02/10/2025 02/10/25 For Sale $3,200,000 +1728.6% $1,199 / Sq Ft
06/26/2013 06/26/13 Sold $175,000 -1.1% $66 / Sq Ft
06/06/2013 06/06/13 Pending -- -- --
05/10/2013 05/10/13 For Sale $177,000 -- $66 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $925 $13,490 -- --
2024 $915 $12,848 -- --
2023 $915 $69,650 $13,930 $55,720
2022 $867 $50,010 $10,000 $40,010
2021 $920 $40,510 $8,100 $32,410
2020 $912 $37,410 $7,480 $29,930
2019 $882 $32,110 $6,420 $25,690
2018 $854 $26,160 $5,230 $20,930
2017 $819 $22,820 $4,560 $18,260
2016 $804 $17,420 $3,480 $13,940
2015 $765 $16,550 $3,310 $13,240
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $87,500 Seller Take Back
Previous Owner $3,000,000 Unknown
Previous Owner $224,700 Purchase Money Mortgage
Previous Owner $157,500 New Conventional
Previous Owner $199,800 New Conventional
Previous Owner $144,000 New Conventional
Previous Owner $145,800 New Conventional
Closed $78,700 No Value Available
Closed $80,250 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $2,700,000 Commonwealth Land Title
Warranty Deed $175,000 Driggs Title Agency Inc
Cash Sale Deed $144,000 American Title Service Agenc
Interfamily Deed Transfer -- American Title Service Agenc
Warranty Deed $335,000 Transnation Title Ins Co
Warranty Deed $321,000 --
Warranty Deed $262,500 Capital Title Agency Inc
Warranty Deed $222,000 Capital Title Agency Inc
Warranty Deed $181,000 Security Title Agency
Warranty Deed $163,000 Capital Title Agency Inc
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6818217

Arizona Regional Multiple Listing Service (ARMLS)

APN: 131-38-005B