$1,225,000
Scottsdale, AZ 85257
MLS# 6974741
1 / 6
Property Description
RARE OPPORTUNITY to own a fourplex in the heart of Scottsdale. Unit-1 is a 2-bed, 1.5-bath and approx. 1100-SqFt. Unit 2 is a 2-bed, 1.0-bath and approx. 1000-SqFt. Unit 3 is a 2-bed, 1.5-bath and approx. 1000-SqFt. Unit 4 is a 3-bed, 2.0-bath and approx. 1300-SqFt. There is no HOA. Please do not go on the property. NO SELLER CARRY.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,225,000
List Price: $1,225,000
Status: Active
List Date: 2026-01-26
Location, Tax & Legal
Assessor's Map #: 5
Legal Description (Abbrev): E 134' OF W 264' OF S 140' OF N2 N2 SE4 NE4 .43AC
Assessor's Parcel #: 10
Assessor Parcel Ltr: J
Add'l Parcels: No
Tax Municipality: Scottsdale
Census Tract: 218000
Taxes: 2071
Legal: E 134' OF W 264' OF S 140' OF N2 N2 SE4 NE4 .43AC
Marketing Name: Scottsdale 4-Plex
House Number: 7015
Compass: E
Street Name: WILSHIRE
St Suffix: Drive
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85257
Zip4: 2068
County Code: Maricopa
Assessor Number: 129-05-010-J
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 18760
Total # of Units: 4
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Year Built: 1959
Zoning: R3
Legal Info
Range: 4E
Section: 34
Township: 2N
Lot Number: 34
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2071
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 76380
Pmt & Rate Info
Cap Rate: 6.24
Equity: 1225000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1599
Avg SqFt: 1000
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1750
Avg SqFt: 1400
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Scottsdale Rd. & Thomas Rd.
Directions: Head South on Scottsdale Rd, turn Right onto Virginia Ave, turn Left onto 71st Pl, complex is found on the Left
Geo Lat: 33.475946
Geo Lon: -111.929835
Income Expenses
Gross Annual Sch Inc: 80400
Net Operating Income: 76380
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Other
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: ATLAS AZ, LLC
Last Updated: January - 26 - 2026
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