7323 E BELLEVIEW Street, Scottsdale, AZ 85257 (MLS# 6511097)

7323 E BELLEVIEW Street, Scottsdale, AZ 85257

$4,300,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $4,300,000 Last Modified: 2/05/2026

Overview

Description

Matera Villas Townhomes are eight town homes 2016 construction townhomes near old town Scottsdale. These are separately parceled condo mapped townhomes with no HOA. All all 3 bedroom 2.5 bathroom units with covered parking. Tile roofs , frame construction stucco units. Floor plans are four 1,317 sq feet units and four 1557 sq foot units. Current rents are below market $2,200 to $2,400. Market rents are $2,900-$3,500. Individual metered for electric and easy care landscaping. Close to ASU the 202 freeway and near the 101. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.

Listing Details MLS# 6511097

Location, Tax & Legal

Map Code/Grid: P36
House Number: 7323
Compass: E
Street Name: BELLEVIEW
St Suffix: Street
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85257
County Code: Maricopa
Subdivision: MATERA VILLAS CONDOMINIUM
Assessor Number: 131-38-261
Tax Year: 2022
Building Number: 1 & 2
Assessor's Map #: 38
Legal Description (Abbrev): MATERA VILLAS CONDOMINIUM MCR 978-20 COMMON ELEMENTS
Assessor's Parcel #: 261
Add'l Parcels: Yes
Tax Municipality: Scottsdale
Census Tract: 218200
Taxes: 15692
Legal: MATERA VILLAS CONDOMINIUM MCR 978-20 COMMON ELEMENTS
Marketing Name: Eight on Belleview

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 13089
Year Built: 2016
Total # of Units: 8
# of Buildings: 2
Zoning: [R-5] Multiple-
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Elementary School: Other
Jr. High School: Other
High School: Other
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: McDowell and Scottsdale RD
Directions: McDowell and Scottsdale RD Directions: East to 74th st turn South to 1st St behind SkySong, Belleview, Turn right(West) to Property on the right.

Status Change Info

Off Market Date: 2023-04-10
Under Contract Date: 2023-03-29
Close of Escrow Date: 2023-04-10

Legal Info

Township: 1N
Range: 4E
Section: 2
Lot Number: 1001-08

More Information

Income Expenses

Gross Annual Sch Inc: 288000
Net Operating Income: 236268

3 Bedrooms Units

# 3 Bedroom Units: 8
Avg Rent: 3000
Avg SqFt: 1437
# Baths: 2

Sold Info

Loan Type: Carryback
Loan Years: 5
Payment Type: Interest Only
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Four Plex: Yes
5 - 12 Units: Yes

Other Type

Packaged Offering: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes

Floors

Carpet: Yes
Other: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 3000
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 4000
Annual Mgmt Exp: 13000
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 5000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 43092
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 279360
Total Monthly Rental Income: 24000

Pmt & Rate Info

Cap Rate: 5.56
Down Payment: 0
Equity: 4250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Showing Notification Methods

Text: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Fire Sprinklers: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
>1 Space Per Unit: Yes
Paved: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes
Owner May Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex; 5 - 12 Units Other Type: Packaged Offering Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Carpet; Other Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Sidewalk(s); Patio/Balcony Interior Features: Fire/Smoke Alarm(s); Fire Sprinklers Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Owner May Carry Environmental: None

Listing Office: Grace CRE

Last Updated: February - 05 - 2026