
Scottsdale, AZ 85258
This High-Potential Investment Opportunity in McCormick Ranch is listed at $925,000, positioned slightly above the $923,217 Fair Market Value. Featuring a Mint Condition Rating with a brand-new roof and high-end kitchen remodel, this property offers immediate stability. With a secure lease in place through February 2027, it provides guaranteed rental income in a district served by Top-Rated Schools like Cochise Elementary. This turnkey asset is an ideal acquisition for Buy-and-Hold Investors or Passive Income Seekers prioritizing long-term cash flow over immediate occupancy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8330 E SAN BENITO Drive Subject | $925,000* List Price | 3 | 2 | 1,997 | $462 | - |
A 8540 E SAN BENITO Drive Sold | $875,000 | 3 | 2 | 1,997 | $438 | 0.2 mi |
B 8989 N GAINEY CENTER Drive 101 Sold | $1,165,000 | 3 | 3 | 2,113 | $551 | 0.8 mi |
C 8198 E DEL CAVERNA Drive Pending | $755,000 List Price | 3 | 2 | 1,938 | $390 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the property has undergone a comprehensive high-end remodel within the last few years. It features a brand new roof, a fully updated kitchen with modern cabinetry and stainless appliances, and renovated bathrooms with contemporary tile work and fixtures, meeting the criteria for mint condition with no immediate maintenance required.
Elementary School: Cochise Elementary School (9/10).
Situated in one of Scottsdale's most desirable communities, the property benefits from proximity to the Scottsdale Greenbelt and top-tier schools like Cochise Elementary.
The home features a brand-new roof and a fully remodeled kitchen and primary suite, significantly reducing immediate capital expenditure for a new owner.
The long-term lease agreement through 2027 prevents primary residence buyers from moving in for several years, limiting the immediate buyer pool to investors.
While the interior is beautifully remodeled, the 1980 construction year may present challenges with aging underlying systems typical of older townhome developments.
Exceptional investment opportunity in the highly sought-after McCormick Ranch community! This beautifully remodeled 3 bedroom, 2 bath home is tenant occupied with a lease in place through February 2027, offering immediate rental income for investors. The home features a brand new roof, spacious primary suite with a beautifully updated en-suite bathroom and direct access to the backyard, along with two generously sized secondary bedrooms and a dedicated office space. Soaring vaulted ceilings and a striking two-sided fireplace create an inviting atmosphere in the living and dining areas. The remodeled kitchen is thoughtfully designed with a large island, wine refrigerator, stainless steel appliances, and abundant cabinetry, making it ideal for both everyday living and entertaining. Additional highlights include a private fenced backyard, an attached 2-car garage, and an interior laundry room. Ideally located near top-rated schools, premier shopping, dining, parks, the Scottsdale Greenbelt, and everything McCormick Ranch has to offer, this property presents a rare opportunity to acquire a well-maintained investment in one of Scottsdale's most desirable neighborhoods with stable, long-term rental income already in place.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades PK-5 • 2.7 mi
Grades PK-6 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,997 | - |
| Lot Size | 6,591 | - |
| Price | $925.0K | $586.7K |
| Price per sq ft | $463 | $402 |
| Built year | 1980 | 0 |
| HOA | $115 | $0 |
| Days on market | 14 | 2386 |
Jul 9, 2026
$925,000
Initial Listing