The Cooke Team at Colliers International in Arizona has been retained to market the innovative MZ Scottsdale development for sale. The property, located at 7300 E. Minnezona Ave. in Old Town Scottsdale, is Arizona’s first Net Zero Energy (NZE) townhome community and features 11 townhomes luxuriously furnished and appointed.
“This project is unlike any other in the city,” says Chris Roach with Colliers International in Arizona. “It was created by MODUS Development, one of the most innovative and environmentally conscious developers. These energy independent homes offer incredible high-end living in the heart of Old Town Scottsdale. Currently the units are fully leased with impressive rental rates.” According to Roach, this one-of-a-kind property offers a rare opportunity to investors for acquisition of a boutique, luxury property.
MZ Scottsdale, built in 2018, features 11 furnished rental townhomes that average 1,570 square feet with parking garages. The community is located just east of the Camelback and Scottsdale road intersection within the heart of Scottsdale. The property currently is operated as a short-term rental community. One of the investment’s most unusual benefits is the ability for the buyer to either continue renting the townhomes for short-term stays, to implement long-term rentals or sell them individually as condominiums.
All units are pre-wired for solar panel and battery storage. LED lighting, Energy Star appliances, Next thermostats and Control4 home automation systems position these homes as the most modern available today. The state-of-the-art technology of these homes, combined with the development’s premier location are expected to create a great deal of investor interest.
Each townhome features an open-concept floor plan with walk-in closets, en-suite bathrooms and large, private balconies. Italian porcelain flooring, quartz waterfall countertops, sleek European cabinetry and stainless-steel appliances are just some of the luxury amenities included in each unit. The gated community features a heated pool/spa, as well as a cabana and barbecue area. Units range from 1-bedroom/1.5 bath to 3-bedroom/3.5 bath.