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Ethos on Polk 6 Units 100% occupied 7602 E Polk St 6 Unit Block of Flats £1,879,733 (£313,289/Unit) 4.28% Net Initial Yield Scottsdale, AZ 85257

INVESTMENT HIGHLIGHTS

  • Fully Remodeled – Smooth stucco, tile backsplashes, and dual-pane windows
  • Private Patios & Storage for Each Unit
  • Surrounded by Development – New townhomes being built behind the property
  • Six Total Units – (4) 2BR/1BA and (2) 1BR/1BA layouts
  • In-Unit Laundry – New Stackable Washers/Dryers
  • 100 PERCENT OCCUPIED

EXECUTIVE SUMMARY

Discover Ethos on Polk, a fully remodeled six-unit multifamily investment located just minutes from the heart of Old Town Scottsdale. This turn-key asset offers exceptional tenant appeal, stable income, and long-term upside in one of the Valley’s most sought-after rental markets.
With four spacious 2-bed/1-bath units and two modern 1-bed/1-bath units, each residence includes its own private patio, dedicated storage room, and in-unit stackable washer and dryer—a rare combination for the area.
Future Growth Alert: A brand-new townhome development is currently under construction directly behind Ethos on Polk, enhancing neighborhood appeal and boosting long-term property value.
Property Highlights
Fully Remodeled – Smooth stucco, tile backsplashes, and dual-pane windows
Six Total Units – (4) 2BR/1BA and (2) 1BR/1BA layouts
Private Patios & Storage for Each Unit
In-Unit Laundry – New Stackable Washers/Dryers
Excellent Zoning – R-5 Multifamily Residential
Lot Size: 11,021 SF | Building: 4,140 SF
Prime Location – Minutes from Old Town, Tempe, and major employers
Surrounded by Development – New townhomes being built behind the property
Parcel: 131-15-001-Y
Scottsdale 85257 – One of the Valley’s top-performing rental submarkets
This property is highly regarded by neighbors and known as the “new building on the block” due to its extensive modern upgrades. The property offers a rare combination of style, stability, and future upside.
Buyer to verify all facts and figures.
For more details or to schedule a private tour, contact:
Linda Gerchick, CCIM
**Discover South Scottsdale: Where Lifestyle Meets Opportunity**
South Scottsdale is more than a location—it's a dynamic blend of culture, convenience, and growth. Whether you're drawn to the bustling nightlife of Old Town, the excitement of spring training baseball, or the innovation hub at SkySong, this area offers something for everyone.
**Old Town Scottsdale**: Experience the heart of the city where history meets contemporary flair. Old Town Scottsdale is renowned for its vibrant arts scene, upscale dining, and eclectic shopping boutiques. From art galleries to lively entertainment, every corner invites exploration and indulgence.
**Spring Training Baseball**: Home to some of MLB's most exciting preseason action, South Scottsdale welcomes baseball enthusiasts each spring. Catch your favorite teams in action at nearby stadiums, soaking in the sun and the thrill of America's favorite pastime.
**SkySong Innovation Center**: Positioned as a catalyst for innovation and entrepreneurship, SkySong fuels South Scottsdale's economic engine. This cutting-edge campus hosts leading companies and startups alike, fostering collaboration and growth in tech and business sectors.
**Access and Connectivity**: South Scottsdale's proximity to the Loop 101 freeway ensures seamless connectivity to the entire Phoenix metropolitan area. Whether commuting to work or exploring nearby attractions, easy access enhances convenience and mobility.
**Employment Hub**: Anchored by SkySong and supported by a diverse array of industries, South Scottsdale boasts a robust employment base. From corporate headquarters to local businesses, opportunities abound for professionals seeking a thriving career landscape.
Experience the essence of South Scottsdale—a vibrant community where lifestyle meets opportunity. Whether you're looking to invest, relocate, or enjoy the best of Arizona living, South Scottsdale stands ready to welcome you.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price £1,879,733
Price Per Unit £313,289
Sale Type Investment
Net Initial Yield 4.28%
Gross Rent Multiplier 21.17
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.25 AC
Building Size 4,140 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1986/2023
Zoning R-5 - Residential

AMENITIES

UNIT AMENITIES

  • Balcony
  • Cable Ready
  • Dishwasher
  • Waste Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Kitchen
  • Fridge
  • Oven
  • Bath/Shower
  • Double Glazed Windows
  • Linen Cupboard
  • Window Blinds

SITE AMENITIES

  • Storage Space

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS Avg. Rent.Mo SF
1+1 2 £1,352 563
2+1 4 £1,691 720
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
131-15-001Y
Land Assessment
£0 (2025)
Improvements Assessment
£0 (2025)
Total Assessment
£17,654 (2025)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
  • Listing ID: 35448235

  • Date on Market: 10/04/2025

  • Last Updated:

  • Address: 7602 E Polk St, Scottsdale, AZ 85257

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