7602 E Polk St - Apartments FOR SALE


Scottsdale, AZ 85257- South Scottsdale
$2,495,000 USD
602-688-9279
7602 E Polk St, Scottsdale, AZ for Sale
$2,495,000 USD
Apartments - FOR SALE
1/83
null | 4.28% Cap Rate

7602 E Polk St
Scottsdale, AZ 85257
South Scottsdale


HIGHLIGHTS

  • 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
  • Surrounded by Development – New townhomes being built behind the property
  • 100 PERCENT OCCUPIED

OVERVIEW

Discover Ethos on Polk, a fully remodeled six-unit multifamily investment located just minutes from the heart of Old Town Scottsdale. This turn-key asset offers exceptional tenant appeal, stable income, and long-term upside in one of the Valley’s most sought-after rental markets. With four spacious 2-bed/1-bath units and two modern 1-bed/1-bath units, each residence includes its own private patio, dedicated storage room, and in-unit stackable washer and dryer—a rare combination for the area. Future Growth Alert: A brand-new townhome development is currently under construction directly behind Ethos on Polk, enhancing neighborhood appeal and boosting long-term property value. Property Highlights 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 This property is highly regarded by neighbors and known as the “new building on the block” due to its extensive modern upgrades. The property offers a rare combination of style, stability, and future upside. Buyer to verify all facts and figures. For more details or to schedule a private tour, contact: Linda Gerchick, CCIM **Discover South Scottsdale: Where Lifestyle Meets Opportunity** South Scottsdale is more than a location—it's a dynamic blend of culture, convenience, and growth. Whether you're drawn to the bustling nightlife of Old Town, the excitement of spring training baseball, or the innovation hub at SkySong, this area offers something for everyone. **Old Town Scottsdale**: Experience the heart of the city where history meets contemporary flair. Old Town Scottsdale is renowned for its vibrant arts scene, upscale dining, and eclectic shopping boutiques. From art galleries to lively entertainment, every corner invites exploration and indulgence. **Spring Training Baseball**: Home to some of MLB's most exciting preseason action, South Scottsdale welcomes baseball enthusiasts each spring. Catch your favorite teams in action at nearby stadiums, soaking in the sun and the thrill of America's favorite pastime. **SkySong Innovation Center**: Positioned as a catalyst for innovation and entrepreneurship, SkySong fuels South Scottsdale's economic engine. This cutting-edge campus hosts leading companies and startups alike, fostering collaboration and growth in tech and business sectors. **Access and Connectivity**: South Scottsdale's proximity to the Loop 101 freeway ensures seamless connectivity to the entire Phoenix metropolitan area. Whether commuting to work or exploring nearby attractions, easy access enhances convenience and mobility. **Employment Hub**: Anchored by SkySong and supported by a diverse array of industries, South Scottsdale boasts a robust employment base. From corporate headquarters to local businesses, opportunities abound for professionals seeking a thriving career landscape. Experience the essence of South Scottsdale—a vibrant community where lifestyle meets opportunity. Whether you're looking to invest, relocate, or enjoy the best of Arizona living, South Scottsdale stands ready to welcome you.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$603 USD /SF

# OF UNITS

6

PRICE/UNIT

$415,833

CAP RATE

4.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ethos on Polk 6 Units 100% occupied

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,021 SF

ZONING

R-5

APN/PARCEL ID

131-15-001Y

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

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