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8426 E Sheridan St, Scottsdale, Arizona, 85257
$
3750
Bedrooms
3
Utilities Included
No
Bathrooms
3
Furnished
No
Available to Lease on
Available Now
Property Type
Single Family
SQFT
1380
Key metrics
Rent
$
3750
Monthly Estimated Profit?
$
3384
Annual Estimated Profit?
$
40612
Acquisition Fee
$
2500
Security Deposit
$
TBD
Average Daily Rate
$
Occupancy
59
Annual Revenue
$
85612
Key Features

Welcome to 8426 E Sheridan Street, a beautifully remodeled 3-bedroom, 3-bathroom home that perfectly combines modern style with timeless comfort. This single-level residence is ideal for corporate housing, offering flexibility with dual master suites and the option for a furnished setup. Located in a prime Scottsdale area, it provides easy access to Old Town Scottsdale's shopping, dining, and entertainment, making it a convenient choice for professionals and travelers alike.

The property features a gourmet kitchen with a waterfall island and quartz counters, perfect for entertaining or everyday use. The private backyard oasis includes a sparkling pebble-tech pool, outdoor kitchen, and cozy fireplace, offering a luxurious retreat. With updated plumbing, electrical, and ductwork, this home ensures peace of mind for long-term tenants. The owner covers pool servicing, and a one-year lease is preferred, though shorter terms are negotiable.

Property Features

• 3 Bedrooms / 3 Bathrooms: A comfortable layout with dual master suites for added privacy.
• Gourmet Kitchen: Features a waterfall island, quartz counters, and sleek cabinetry.
• Private Oasis: Includes a pebble-tech pool, outdoor kitchen, and cozy fireplace.
• Modern Updates: Updated plumbing, electrical, and ductwork for peace of mind.
• Prime Location: Minutes from Old Town Scottsdale's shopping, dining, and entertainment.

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 year12.

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

  1. Obtain a Transaction Privilege Tax (TPT) license from the Arizona Department of Revenue23
  2. Provide proof of $500,000 in general liability insurance coverage12
  3. Designate a 24/7 emergency contact who can respond on-site within 1 hour1
  4. 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 license12
  • 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.

Property Location