7325 E Belleview St - Apartments FOR SALE


Scottsdale, AZ 85257- South Scottsdale
$6,550,000 USD
602-525-4877
7325 E Belleview St, Scottsdale, AZ for Sale
$6,550,000 USD
Apartments - FOR SALE
1/12
null | 5.78% Cap Rate

7325 E Belleview St
Scottsdale, AZ 85257
South Scottsdale


HIGHLIGHTS

  • Modern 20 Unit Near Old Town Scottsdale
  • Quality Exterior Capital Improvements, Large Private Block Patios with Individual Gate Access
  • Modern Home Quality Interior Improvements & Amenities and In-Unit Washer/Dryers
  • Tucked Away Private Pool with Sail Shade and Lounge Chairs
  • Majority 2 & 3 Bedroom Large Townhome Units
  • Adjacent to SkySong - The ASU Scottsdale Innovation Center home to Fortune 500 Companies

OVERVIEW

Fountain Villas is a 20-unit, pride of ownership community located in the dynamic South Scottsdale submarket and just minutes from Old Town Scottsdale. The community has undergone significant interior and exterior renovations and quality capital improvements. The unit interiors were fully upgraded with modern finishes that greatly enhanced the resident’s living experience. Interior improvements include modern shaker cabinets, decorative glass tile backsplashes, modern quartz countertops, stainless-steel under mount sinks with modern retractable anodized bronze accordion faucets, new stainless-steel appliances including built-in microwaves and dishwashers. Additionally, new modern ceramic tile and waterproof wood plank flooring, modern dual draft ceiling fans and in-unit washer and dryer were installed. In the bathrooms, the modern tiled showers compliments the new shaker bathroom vanities with quartz countertops, new low-flow toilets and modern anodized bronze faucets and fixtures. Significant exterior capital improvements were made that will benefit new ownership and that transformed the look and feel of the community. These improvements include modern smooth stucco exterior with new paint and trim, modern outdoor lounge chairs and shade sail around the pool, all new low-maintenance desert rock landscape with new trees and flowering bushes throughout to soften the look and feel of the community. Most of the units have their own large private block patios with private wrought iron gates and artificial grass within the enclosed private patios. Directly north and adjacent to Fountain Villas is SkySong - The ASU Scottsdale Innovation Center, one of the most dynamic centers for innovation, technology, and economic expansion in the western United States. SkySong is where cutting edge companies from around the world come together in an environment designed to foster collaboration and growth. SkySong is a 1.2 million square foot mixed-use project featuring Class A commercial office space, retail, restaurant, hotel components, and the exceptional SkySong Apartments. It is home to ASU SkySong, startups, Fortune 500 companies, and just about everything in between. The economic impact SkySong is expected to generate over the next 30 years is $58.2 billion. Scottsdale’s Art District, SoDo, Old Town Avenue Shops, Waterfront, and Scottsdale Fashion Square Mall are all located just minutes from Bella Villas. Scottsdale’s Art District offers art fans the ability to peruse the galleries of Main Street and visit the Scottsdale Museum of Contemporary Art and Western Spirit: Scottsdale’s Museum of the West. Fountain Villas is within walking distance to nearly every cuisine possible. Scottsdale is home to world-famous restaurants such as Mastro’s City Hall Steakhouse, Yardhouse, Cowboy Ciao, The Oasis at The Phoenician, Taggia, and II Terrazzo. Scottsdale has resort dining, dive bars with finger foods, steak houses, American, BBQ, Italian, Asian, and of course, Mexican dining. Many of these restaurants are located in Old Town Scottsdale, next to Scottsdale Fashion Square Mall and 5th Avenue shops. If you are looking for a more relaxed place to eat, Scottsdale has more causal eateries such as Cien Agaves Tacos & Tequila, Salty Senorita, Culinary Dropout, and the Sugar Bowl Ice Cream Parlor & Restaurant. Many of the restaurants in Old Town are on the trolley line. The trolley makes it easy to dine out with friends and family without the hassle of parking.

FOR SALE DETAILS

PRICE

$6,550,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

20

PRICE/UNIT

$327,500

CAP RATE

5.78%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fountain Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,659 SF

ZONING

R-5

APN/PARCEL ID

131-38-176,131-38-177,131-38-178,131-38-179,131-38-180,131-38-181,131-38-182,131-38-183,131-38-184,131-38-185,131-38-186,131-38-187,131-38-188,131-38-189,131-38-190,131-38-191,131-38-192,131-38-193,131-38-194,131-38-195,131-38-196

ASK ABOUT THIS PROPERTY

Ryan AshNewmarkMore Info
602-525-4877

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Ryan AshNewmarkMore Info
602-525-4877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.