Metro Scottsdale Apartments 9880 N Scottsdale Rd 114 Room Serviced Apartment Scottsdale, AZ 85253 For Sale

Metro Scottsdale (“the Property”) is ideally positioned along prestigious Scottsdale Road, within Paradise Valley, one of the most coveted and affluent submarkets in Arizona. Residents of Metro Scottsdale enjoy immediate access to major highways, premier shopping destinations, acclaimed restaurants, and vibrant entertainment venues, with a seamless connection to Old Town Scottsdale, north Scottsdale, and the broader Phoenix employment corridors.
Built in 1996, the Property is comprised of 111 one-bedroom and 3 two-bedroom units, averaging approximately 525 square feet. Each residence features a well-appointed interior, including a fully equipped kitchen with a refrigerator, cooktop, microwave, and dishwasher, adjacent to a defined dining area. Flooring options include wood-style vinyl plank or plush carpeting, complementing the modern, efficient layouts designed for today’s renter. Community amenities enhance the living experience, featuring a swimming pool, fitness center, laundry facility, and basketball court, providing both recreation and relaxation within a boutique, low-density environment.
The Property is currently operated as an extended-stay community, offering flexible accommodation catering to short- and mid-term renters. New ownership has the opportunity to continue with this model, reposition the asset under a new hotel flag, or convert the Property into an 85-unit multifamily community featuring a mix of one-, two-, and three-bedroom units. All architectural drawings, permits, zoning entitlements, and city approvals required for the conversion are fully in place, streamlining execution and reducing redevelopment risk.
The scarcity of developable land coupled with local government policy affords an exceptional investment opportunity in a location that benefits from the competitive shelter of future multifamily supply and the prospect for above-average rent growth.