1652 N 87TH Street, Scottsdale, AZ 85257

$767,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $767,000 Last Modified: 8/05/2026

Overview

Description

Spectacular investment property, beautifully updated. 2 units both 2 bedroom 2 bath 2 car garage! Great earning property. Close to old town Scottsdale, freeway, shopping , civic center, restaurants, golfing and so much more. Units are constantly booked as short term rental. No HOA,

Listing Details MLS# 6395609

Location, Tax & Legal

Map Code/Grid
P37
House Number
1652
Compass
N
Street Name
87TH
St Suffix
Street
City/Town Code
Scottsdale
State/Province
AZ
Zip Code
85257
Zip4
2468
Country
US
County Code
Maricopa
Subdivision
COX HEIGHTS 7
Assessor Number
131-46-092
Tax Year
2021
Assessor's Map #
46
Legal Description (Abbrev)
LOT 1038 COX HEIGHTS 7 MCR 009445
Assessor's Parcel #
92
Add'l Parcels
No
Tax Municipality
Scottsdale
Census Tract
217800
Taxes
1165
Legal
LOT 1038 COX HEIGHTS 7 MCR 009445
Marketing Name
Cox heights

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
0.15acres / 6,710 sq. ft.
Year Built
1963
Total # of Units
2
# of Buildings
Yes
Zoning
R-2, R-7
Elementary School District
Scottsdale Unified District
High School District
Scottsdale Unified District
Elementary School
Hohokam Elementary School
Jr. High School
Mohave Middle School
High School
Coronado High School
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
101 and McDowell
Directions
West on McDowell to 87th street. North to Home

Status Change Info

Off Market Date
2022-06-17
Under Contract Date
2022-05-09
Close of Escrow Date
2022-06-15

Legal Info

Township
2N
Range
4E
Section
36
Lot Number
1038

More Information

2 Bedroom Units

# 2 Bedroom Units
2
Avg SqFt
1026
# Baths
2
Avg Rent
0

Income Expenses

Gross Annual Sch Inc
79200
Net Operating Income
64463

Contact Info

List Agent Home Phn
602-317-3200

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Duplex
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1165
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
79200
Total Monthly Rental Income
6600

Status Update

Multiple Offers Recd
Yes

Pmt & Rate Info

Cap Rate
8.6
Equity
750000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes
Individual
Yes
2 or More Units
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes
2 or More Units
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Other (See Remarks)
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Garage
Yes
Attached
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Landscaping
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Project Type: Duplex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Building(s) Only Community Features: No Pool Interior Features: Unfurnished Appliances Included: Built-In Range; Refrigerator; Washer/Dryer Heating: Individual; 2 or More Units Cooling: Ceiling Fan(s); Electric; 2 or More Units Water Source: City Franchise; Individual Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP; Individual Meter Gas: None Parking Features: Garage; Attached Road Surface Type: Asphalt Owner Pays: Water; Landscaping Tenant Pays: Other (See Remarks) Source of Fincl Data: Owner Status Update: Multiple Offers Recd Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 2nd Loan: Treat as Free&Clear New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: Phoenician Properties Realty
Last Updated: August - 05 - 2026
Broker Attribution: 602-317-3200

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