2614 N 72ND Place, Scottsdale, AZ 85257 (MLS# 7000820)

$900,000

2614 N 72ND Place
Scottsdale, AZ 85257
MLS# 7000820
Status: Pending

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Property Description
Located in the heart of a quiet, fully residential South Scottsdale neighborhood right by Old Town, 2614 N 72nd Place offers a rare boutique multifamily opportunity to buy a single-story triplex with an amazing unit mix. With 3-5% down, the property could also be purchased with a first-time home buyer's loan, allowing a buyer to live in an amazing location while saving a significant mortgage payment. Two identical triplexes available. 2,807 SF each, Amazing unit mix of (1) 3-bed/2-bath, (1) 2-bed/2-bath, and (2) 2-bed/1-bath units averaging ~936 SF. One of the most desirable mixes available in this submarket. Currently 100% leased with rents below market, the value-add upside is clear. No HOA, private walled patios with pergolas throughout, and 2+ parking spaces per unit.

Details

Maps

Contract Info

Ownership: Fee Simple

Current Price: $900,000

List Price: $900,000

Status: Pending

List Date: 2026-03-18

Location, Tax & Legal

Assessor's Map #: 29

Legal Description (Abbrev): JUANITA

Assessor's Parcel #: 78

Add'l Parcels: Yes

Tax Municipality: Scottsdale

Census Tract: 217900

Taxes: 2596

Legal: JUANITA ''Y'' OLMO FRONTIER PLACE LOT 16 BLK 4

Marketing Name: Scottsdale Apartment Home

House Number: 2614

Compass: N

Street Name: 72ND

St Suffix: Place

City/Town Code: Scottsdale

State/Province: AZ

Zip Code: 85257

Zip4: 1476

Country: US

County Code: Maricopa

Subdivision: JUANITA ''Y'' OLMO FRONTIER PLACE

Assessor Number: 131-29-078

Tax Year: 2025

General Property Description

# of Buildings: 1

Uncvrd Parking Spcs: 7

Lot Size Dimensions: TBD

Total # of Units: 3

Elementary School District: Scottsdale Unified District

High School District: Scottsdale Unified District

Elementary School: Pima Elementary School

High School: Coronado High School

Year Built: 1971

Zoning: R-5

Legal Info

Range: 4E

Section: 35

Township: 2N

Lot Number: 16

Project Type

Tri-Plex: 1

5 - 12 Units: 1

Construction

Wood Frame: 1

Adobe: 1

Const - Finish

Painted: 1

Roofing

Composition: 1

Floors

Tile: 1

Sale Includes

Land & Building: 1

Laundry Equipment: 1

Income & Expenses

Annual Elec Exp: 6210

Annual Ins Exp: 5400

Annual Maint Exp: 6660

Annual Mgmt Exp: 5120

Owner Association: No

Annual Ownr Asoc Fee: 0

Operating Exp: 25986

Other Income: 0

Vacancy Allowance: 0.05

Adjusted Gross Inc: 102258

Pmt & Rate Info

Cap Rate: 4.24

Equity: 1800000

Down Payment %: 0

Monthly Payments: 0

Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used

Text: 1

Email: 1

Phone Call: 1

Lockbox Type

Other: 1

None: 1

Community Features

No Pool: 1

Heating

Forced Air: 1

Cooling

Ceiling Fan(s): 1

Electric: 1

Exterior Amenities

Landscape Water System: 1

Desert Landscaping: 1

Fenced: 1

Tenant Pays

Gas: 1

Electricity: 1

Appliances Included

Disposal: 1

Free-Standing Electric Oven: 1

Refrigerator: 1

Free-Standing Range: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

On Street: 1

>1 Space Per Unit: 1

Paved: 1

Electric

APS: 1

SRP: 1

Gas

SW Gas: 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

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 2

Avg Rent: 1412.5

Avg SqFt: 900

# Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: 1

Avg Rent: 1640

Avg SqFt: 1000

# Baths: 2

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: Virgina & 72nd Pl

Geo Lat: 33.477184

Geo Lon: -111.925441

Status Change Info

Off Market Date: 2026-04-26

Under Contract Date: 2026-03-27

Income Expenses

Gross Annual Sch Inc: 107640

Net Operating Income: 76408

Property Features

Project Type: Tri-Plex; 5 - 12 Units

Construction: Wood Frame; Adobe

Const - Finish: Painted

Roofing: Composition

Floors: Tile

Sale Includes: Land & Building; Laundry Equipment

Community Features: No Pool

Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced

Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Disposal

Heating: Forced Air

Cooling: Ceiling Fan(s); Electric

Water Source: City Franchise

Sewer: Sewer - Public

Electric: APS; SRP

Gas: SW Gas

Parking Features: On Street; >1 Space Per Unit; Paved

Road Surface Type: Asphalt

Owner Pays: Water; Trash Collection; Landscaping

Tenant Pays: Electricity; Gas

Source of Fincl Data: Owner

Showing Notification Methods: Text; Email; Phone Call

Lockbox Type: Other; None

New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange

Environmental: None

Listing Office: Orion Investment Real Estate

Last Updated: April - 26 - 2026