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4604 N 74th St Apt 1, Scottsdale, Arizona 85251

2500

Bedrooms

Utilities Included

Bathrooms

Furnished

Available to Lease on

ASAP

Property Type

Apartment

SQFT

900

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Key metrics

Rent

2,500

Monthly Estimated Profit^?

566

Annual Estimated Profit^?

6,800

Acquisition Fee

2,500

Security Deposit

TBD

Average Daily Rate

192

Occupancy

53%

Annual Revenue

36,800

Key Features

Has 10 units available for lease between $2,300 to $2,500.

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This vibrant apartment is located at 4604 N 74th St in the heart of Downtown Scottsdale, Arizona. This 2-bedroom, 1-bathroom home offers a comfortable 900 sq ft floor plan designed for modern urban living and convenience.

The residence is directly across from the Old Town Entertainment District and Scottsdale Fashion Square, putting hundreds of restaurants, shops, and nightlife venues just steps away. Inside, the unit features a bright living room with a striking yellow accent wall and a sleek, fully equipped kitchen. Outside, guests can relax in the shared gated backyard, a peaceful oasis in the center of the city. With in-unit laundry, contemporary finishes, and immediate proximity to the best of Scottsdale, this property is optimized for high-demand short-term stays.

Property Features

Prime Location: Walking distance to Fashion Square Mall and the Entertainment District.
Outdoor Amenities: Access to a shared, gated backyard oasis.
Modern Conveniences: Includes in-unit washer and dryer and a fully equipped kitchen.
Flexible Terms: Accepting various lease lengths with a move-in ready status."‍

Bulk Acquisition Fee Breakdown

Single Property Fee (per location):

2–4 Properties (per location):

$2,000 per property (unfurnished).
$2,750 per property (fully furnished).

Bulk Discounts (per location):

5–19 Properties: $1,500 (unfurnished) / $2,000 (furnished) per property.
20–49 Properties: $1,000 (unfurnished) / $1,500 (furnished) per property.
50+ Properties: $500 (unfurnished) / $700 (furnished) per property.

$2,500: One Airbnb-approved property (unfurnished).
$3,500: One fully furnished Airbnb-approved property.

STR Regulations Summary:

Status:

STR Friendly

View Regulations Here

Short-term rental owners in Scottsdale must obtain and maintain an annual city license for each property, costing $250 per year1 2.

This is in addition to state and county requirements. To apply for a license, owners need to:

Obtain a Transaction Privilege Tax (TPT) license from the Arizona Department of Revenue2 3
Provide proof of $500,000 in general liability insurance coverage1 2
Designate a 24/7 emergency contact who can respond on-site within 1 hour1
Submit owner information, property details, and attestations of compliance with laws and background checks1

Operational Requirements

Once licensed, short-term rental operators must:

Notify neighbors within 300 feet of the rental property within 30 days of receiving the license1 2
Display the city-provided notice inside the rental property with license number, contact info, and other required information1
Limit occupancy to a maximum of 6 adults (or 2 adults per bedroom, whichever is less), plus their minor children1
Use the property only for lodging, not events1
Provide off-street parking1

Recent Updates

As of June 6, 2024, Scottsdale has implemented new rules to address nuisance parties:

Promoters can be held responsible for "nuisance parties"5
Police can remove non-residents from a property during a declared nuisance party5
Minors are prohibited from renting short-term rentals5

Tax Obligations

Short-term rental operators in Scottsdale are required to:

Collect state transaction privilege tax and county excise tax from guests5
Remit collected taxes to the appropriate authorities5

Display their TPT license number in all advertisements5

Scottsdale, Arizona applies the same short-term rental laws to both owner-occupied and non-owner-occupied properties.

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STR Regulations Summary:

View Regulations Here

Property Location