7001 E Wilshire Drive, Scottsdale, AZ 85257

$990,000

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Sold Price
$990,000
List Price
$1,049,900
Status
CLOSED
Days on Market
28
Closing Date
Oct 17, 2025
MLS#
6885990
Subtype
Multiple Dwellings
Year Built
1962

Property Description

HERE IS A RARE OPPORTUNITY TO OWN A MULTI-FAMILY 5 UNIT BUILDING RIGHT IN THE HEART OF OLD TOWN SCOTTSDALE, STEPS FROM WORLD CLASS ART GALLERIES, OLD TOWN SCOTTSDALE FAMOUS CUISINE, AND IN THE HEART OF THE VALLEYS MOST PROMINENT NIGHTLIFE . IT IS ALWAYS 100% OCCUPIED. THIS IS A WONDERFUL 5 UNIT PROPERTY WITH FOUR 1BED/1BATH AND ONE 2BED/1BATH. THESE UNITS ARE LARGE AND WELL DESIGNED TO MAKE THEM FEEL EVEN BIGGER. LAREG CORNER LOT WITH NICE GRASS LANDSCAPING. ALL UNITS HAVE TIEL OR LVP FLOORING - NO CARPET! RENTS ARE HIGH ENOUGH TO PREFORM WELL FOR A NEW OWNER FORM DAY ONE, BUTTHERE IS ROOM STILL TO INCREASE RENTS AND TO EVEN ADD A UTILITY RUB FOR ADDED REVENUE. COIN LAUNDREY ONSITE THAT IS OWNED BY THE SELLER AND PRODUCES ADDED REVENUE AS 100% OF THE INCOME IS COLLECTED BY THE OWNER.

Additional Information

Taxes
$1,837
Zoning
R-3
Flooring
Ceramic Tile
Heating
Electric
Air Conditioning
Electric
Exterior Construction
Block, Painted
Parking Features
Common
Elementary School
Yavapai Elementary School
Middle School
Tonalea Middle School
High School
Coronado High School

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jacob Allen (602-228-1941) from Listing Office: Tradelands Realty.

Selling Office: Marcus & Millichap.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.