2620 N 72ND Place, Scottsdale, AZ 85257 (MLS# 7002639)

2620 N 72ND Place, Scottsdale, AZ 85257

$1,800,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,800,000 Last Modified: 3/28/2026

Overview

Description

Located in the heart of a quiet, fully residential South Scottsdale neighborhood right by Old Town, 2614 & 2620 N 72nd Place offers a rare boutique multifamily opportunity to buy two single-story triplexes with an amazing unit mix. The property could also be purchased with a first-time home buyer's loan or residental financing, 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

Listing Details MLS# 7002639

Location, Tax & Legal

House Number: 2620
Compass: N
Street Name: 72ND
St Suffix: Place
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85257
Zip4: 1442
County Code: Maricopa
Subdivision: JUANITA ''Y'' OLMO FRONTIER PLACE
Assessor Number: 131-29-077
Tax Year: 2025
Assessor's Map #: 29
Legal Description (Abbrev): JUANITA
Assessor's Parcel #: 77
Add'l Parcels: Yes
Tax Municipality: Scottsdale
Census Tract: 217900
Taxes: 1156
Legal: JUANITA ''Y'' OLMO FRONTIER PLACE LOT 15 BLK 4
Marketing Name: Scottsdale Apartment Home

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: TBD
Year Built: 1971
Uncvrd Parking Spcs: 14
Total # of Units: 6
# of Buildings: 2
Zoning: R-5
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Elementary School: Pima Elementary School
High School: Coronado High School

Remarks Misc

Cross Street: Virgina & 72nd Pl

Legal Info

Township: 2N
Range: 4E
Section: 35
Lot Number: 15

Income Expenses

Gross Annual Sch Inc: 107640
Net Operating Income: 76408

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1412.5
Avg SqFt: 900
# Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: 2
Avg Rent: 1640
Avg SqFt: 1000
# Baths: 2

Project Type

Tri-Plex: Yes
5 - 12 Units: Yes

Construction

Wood Frame: Yes
Adobe: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Tile: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

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: 24546
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

Lockbox Type

Other: Yes
None: Yes

Community Features

No Pool: Yes

Heating

Forced Air: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fenced: Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Disposal: Yes
Free-Standing Electric Oven: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
>1 Space Per Unit: Yes
Paved: Yes

Electric

APS: Yes
SRP: Yes

Gas

SW Gas: Yes

Owner Pays

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

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
No Carry: Yes
1031 Exchange: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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: March - 28 - 2026