$1,800,000
SOLD JUN 22, 2022

7602 E Polk St Scottsdale, AZ 85257

South Scottsdale Neighborhood
-- Bed
-- Bath
1,300 Sq Ft
1970 Built

Recently Sold

$1,385 Per Sq Ft

3% Above List Price

5 Days on Market

Highlights

  • Central Air
  • Heating Available
  • 4-minute walk to Indian Bend Park
  • Ceiling Fan

About This Home

As of June 2022

Great investment property in the heart of Scottsdale.

The 6-plex currently sits on a 11,000 sqft lot. Must also purchase MLS 6400701 which is the property connected just East and has 2 single family homes on a 13,000 sqft lot. Plenty of space to develop additional 6-10 units on the back lot if desired.

All units are rented with a month to month contract. Properties have been well maintained but updating may be needed.

Last Agent to Sell the Property

Trent Powell

HomeSmart License #SA551100000 Listed on: 05/16/2022

HomeSmart

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,541

Year Built

  • Built in 1970

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, landscaping
  • Assessor Parcel Number 131-15-001-Y

Community Details

Overview

  • 6 Units
  • Building Dimensions are 100x110.23x100x110.23

Building Details

  • Operating Expense $1,541
  • Gross Income $45,350
  • Net Operating Income $36,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,541

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: McKellips and Miller
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2021
  • Directions: Takes McKellips West to Miller, turn right heading North to Polk St.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: Y
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 100x110.23x100x110.23
  • Additional Parcels: No
  • Parcel #: 131-15-001-Y

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 6
  • Annual Gross Income: 45350.0
  • Property Net Operating Income: 36500.0
  • Annual Operating Expense: 1541.0

Tax Info

  • Tax Annual Amount: 1541.0
  • Tax Book Number: 131.00
  • Tax Lot: NA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Price Changed $2,495,000 +6.4% --
04/10/2025 04/10/25 For Sale $2,345,000 +30.3% --
06/22/2022 06/22/22 Sold $1,800,000 +2.9% $1,385 / Sq Ft
05/21/2022 05/21/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $1,750,000 -- $1,346 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2025

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    3 in this area

    121 Total Sales

    Linda Gerchick
    Section Image

  • T

    Seller's Agent in 2022

    Trent Powell

    HomeSmart

    (480) 834-1525

    2 in this area

    6 Total Sales

    Trent Powell
    Section Image

  • L

    Buyer's Agent in 2022

    Linda CCIM

    Stephen Magee Int'l Properties

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6400676

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Scottsdale 85257 South Scottsdale

7602 E Polk St, Scottsdale, AZ

This home is located at 7602 E Polk St, Scottsdale, AZ 85257 and is currently priced at $1,800,000, approximately $1,384 per square foot. This property was built in 1970. 7602 E Polk St is a home located in Maricopa County with nearby schools including Yavapai Elementary School, Tonalea Middle School, and Coronado High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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