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22501773
22501774

6301 E Pinnacle Vista Dr, Scottsdale, AZ 85266 For Sale

SC
AZ SA673848000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix
$9,750,000
478 days on market
Updated 100 days ago

Pinnacle Vista

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Net Rentable (SqFt) 17,312
Units 16
Cap Rate 5.00%
NOI $412,622
Class A
Year Built 2024
Buildings 2
Stories 2
Acreage 1.630
Zoning R-3
Investment Type Stabilized

Multifamily | 5.00% CAP | 16 Units

Marketing description

Completed in 2024, MACALLISTER | Pinnacle Vista presents 16 condominium residences featuring spacious floorplans, including 1-bedroom, 1-bath and 2-bedroom, 2-bath units, with average sizes of 980 and 1,184 square feet, respectively. Each residence is equipped with a modern kitchen, complete with full-size stainless-steel refrigerators, granite countertops, subway tile backsplashes, and custom cabinetry with soft-close doors.

Enhancing the boutique community feel, Pinnacle Vista offers private patios or balconies, 9-foot ceilings, walk-in closets, and a resort-style pool, providing the perfect blend of luxury and practicality. The development includes an equal distribution of 8 two-bedroom, two-bathroom units and 8 one-bedroom, one-bathroom units, each offering a living room, dining room, and kitchen.

This project offers residents exceptional access to Scottsdale's more rural Desert Foothills neighborhood. While most of the local housing consists of single-family homes on large lots, Pinnacle Vista aims to transform a vacant lot into a desirable housing option for those seeking to live in this area. The development increases housing choices in northern Scottsdale, offering a more rural setting that brings residents closer to the desert and mountains compared to the more urban areas of Scottsdale.

Incorporating green building practices, the project emphasizes building orientation, passive solar design, natural daylighting, and passive cooling techniques. These eco-friendly strategies are designed to support energy-efficient systems and sustainable construction methods.

Investment highlights

· Residence Upgraded Features

· 48" Fan/Light Combo in Bedrooms

· 9 Ft Ceilings

· Backsplashes in Kitchen and All Vanity Areas

· Private patio (1st floor unit)

· Private balcony (2nd floor unit)

· Brushed Nickel Door Hardware

· Brushed Nickel Electrical Fixtures

· Ceiling Fans

· Individual AC

· Dishwasher

· Fire Sprinklers Throughout

· Granite Countertops

· High Sound Proofing in Party Walls and Floors

· Washer/Dryer Included

· Lenox Thermofoil Cabinets

· Microwave Included

· Outside Storage Closet

· Pendant Lights in Kitchen

· Private Patio on Each Residence

· Quartz Della Terra Counter Tops

· Recessed Can Lights Throughout

· Roller Sheer Blinds on All Windows

· Satin Chrome Drawer Pulls

· Stainless Steel Appliances

· Tile floors in wet areas

· Tile Surrounds Shower and Tub Areas

· Walk‐in‐closets

· Faux‐Wood Flooring

Listing Contacts

SC
AZ SA673848000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$412,622.00
$34,385.17/mo

Valuation Metrics

0
DSCR
4.23%
Cap Rate
4.23%
ROI

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