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7323 E Belleview Street - Matera Villas, Scottsdale, AZ

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7323 E Belleview Street - Matera Villas

Scottsdale, AZ 85257-4010 - Scottsdale Estates/Summerfield MF Submarket


Property Type:Multi-Family Number of Units:8 Status:Existing Year Built:2016
Stories:2 Building Size:11,000 SF Land Area:.56 AC (24,394 SF)
For Sale Price:For Sale Price/Unit:- Cap Rate:- GRM:-

Parking:-



Sale Notes:
Starting Bid: $700,000
Auction Starts12/12/2016
Auction Ends12/14/2016


If a spacious newer townhome is an important consideration in your home search, make the trip to Matera Villas in South Scottsdale. All eight townhomes in this development are the same floor plan, with 3 bedrooms 2 .5 baths and 1,557 square feet. Granite counters, stainless appliances and covered parking are all included. These townhomes use R-38 insulation and efficient windows to keep energy costs low.

Investment Highlights:
• Newly constructed 8-unit townhome multifamily project
• All units are two-stories and offer 3 bedroom/2.5 bath layouts ranging in size from ±1,317 to ±1,557 SF
• All units include granite counters, stainless appliances, covered parking, and private patio areas
• New construction featuring R-38 insulation, double 3/4" drywall and efficient windows to keep energy costs low
• Conveniently located near the intersection of McDowell and Scottsdale Roads with easy access to Old Town Scottsdale and ASU

Investment Overview:
Matera Villas is an 8-unit multifamily property located at 7323 E Belleview Street in Scottsdale, AZ. Matera Villas is currently in the final stages of construction and signing new leases upon completion. Currently, 4 of the 8 units are in the final stages of construction (pending carpet or counters) and 3 of the completed units signed year leases. This Property presents value-add through completion and full lease-up at market rates.

Matera Villas consists of 8 two-story townhomes totaling ±11,496 SF on a ±0.44 AC parcel. All townhomes in this development are 3 bedrooms/2 .5 baths and are either ±1,317 or ±1,557 SF floorplans. The units include granite counters, stainless appliances, covered parking, and private patio areas. These townhomes are all new/2016 construction and use R-38 insulation, double 3/4" drywall and efficient windows to keep energy costs low.

Located in the beautiful Sonoran Desert, Scottsdale, Arizona is bordered by Phoenix to the west and the McDowell Mountains on the east. Scottsdale is annually rated among the nation’s most desirable communities to live in, visit and do business in. Scottsdale’s vibrant downtown is considered the finest urban center in Arizona. It is home to more than 90 restaurants, 320 retail shops and more than 80 art galleries. Matera Villas is conveniently located near the intersection of McDowell and Scottsdale Roads, living in Matera Villas provides easy access to Old Town Scottsdale, ASU and many shops, restaurants and night spots on Scottsdale Road and in downtown Tempe. Matera Villas is just a short drive from Papago Park, the Phoenix Zoo, Desert Botanical Gardens and the 202 Freeway. Matera Villas is within a walking distance to Skysong, the ASU Scottsdale Innovation Center (Tech Startup Hub). State Farm has opened a regional headquarter in nearby Tempe, hiring up to 1,000 more workers. Additionally Cox is among more than a dozen Arizona companies expanding and hiring 100 or more employees, ranging from the Phoenix Suns to Great Clips to Paradise Valley schools.

Lee & Associates
Bryson Fricke
(602) 956-7777

  
Ten-X, LLC
Ten-X Commercial
(800) 793-6107




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