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3314 N 66TH Place , 1-4

Scottsdale, AZ 85251
  • $1,545,000
  • STATUS: Active Under Contract
  • ON SITE: 68 Days
  • MLS #: 6319024
Under Contract
UPDATED: 36 min ago
$1,545,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:
Area:

Description

RARE, CASH FLOWING, 5.75+ cap, Mid-Century FourPlex in prime Old Town Scottsdale location! Adjacent to new developments, coffee shops and all the Old Town hot-spots, this spacious Fourplex features FOUR 2 bed/1 bath units which allows maximum rent! All units feature updated kitchens, floors, bathrooms, and bedrooms with newer appliances! The shared outdoor community space is perfect for entertaining guests impressed with a hot tub, pergola, outdoor kitchen/BBQ and lounging area! The space is set up perfectly for Airbnb OR long-term rentals. Each unit includes remote/keypad entry for short term rentals. Four private parking spaces are available for tenants in the back of the property. Conveniently walkable to the Canopy Hotel, Rooftop Bars, Hotel Valley Ho, Sugar Bowl, AZ/88, and more.This property is perfect for the seasoned or beginner investor, with gross rents of ~$82,000 annually! This stabilized property presents an opportunity to cash flow on day 1, with the potential to raise rents even further for an unparalleled 5.4+ cap on day 1, and a potential proforma 8-9+ CAP if AirBNB or VRBO is used. Maintenance is designed to be easy with minimal landscaping and upkeep.

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© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Conway Real Estate. Data last updated 2022-01-23T10:12:26.523.
www.searchvalleyrealestate.com/homes/123291575
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3314 N 66TH Place , 1-4 Scottsdale, AZ 85251

  • Price: $1,545,000
  • Status: Active Under Contract
  • On Site: 68 Days
  • Updated: 36 min ago
  • MLS #: 6319024
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1957
Built
Neighborhood:
Holiday Park
County:
Maricopa
Area:
Scottsdale
Elementary School:
Abraham Lincoln Traditional School
Middle School:
Abraham Lincoln Traditional School
High School:
Arcadia High School
School District:
048 - Scottsdale Unified District
Property Description
RARE, CASH FLOWING, 5.75+ cap, Mid-Century FourPlex in prime Old Town Scottsdale location! Adjacent to new developments, coffee shops and all the Old Town hot-spots, this spacious Fourplex features FOUR 2 bed/1 bath units which allows maximum rent! All units feature updated kitchens, floors, bathrooms, and bedrooms with newer appliances! The shared outdoor community space is perfect for entertaining guests impressed with a hot tub, pergola, outdoor kitchen/BBQ and lounging area! The space is set up perfectly for Airbnb OR long-term rentals. Each unit includes remote/keypad entry for short term rentals. Four private parking spaces are available for tenants in the back of the property. Conveniently walkable to the Canopy Hotel, Rooftop Bars, Hotel Valley Ho, Sugar Bowl, AZ/88, and more.This property is perfect for the seasoned or beginner investor, with gross rents of ~$82,000 annually! This stabilized property presents an opportunity to cash flow on day 1, with the potential to raise rents even further for an unparalleled 5.4+ cap on day 1, and a potential proforma 8-9+ CAP if AirBNB or VRBO is used. Maintenance is designed to be easy with minimal landscaping and upkeep.
Exterior Features

Construction Block Construction Finish Stone Covered Parking Spaces 0.00 Exterior Amenities Desert Landscaping Lot Size Dimensions Irr Parking 1 Space/Unit Roads Asphalt Roofing Built-UpComp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 1000 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DisposalF/S Oven/RangeRefrigerator Cooling Individual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileVinyl Heating Electric Interior Amenities Mini BlindsVertical Blinds

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1854.00 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 2904.00 Community Amenities BarbecueOtherSee RemarksSpa(S) Cross Street Osborn Rd And 68th St Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric City Electric Gas None Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 88968.00 New Financing 1031 ExchangeConventionalCtl Operating Exp 4300.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type Four Plex Sale Includes Other (See Remarks) Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Scottsdale Taxes 1396.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 7413.98 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning M-H/R5

Listing courtesy of The Brokery.


© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Conway Real Estate. Data last updated 2022-01-23T10:12:26.523.
 
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Conway Real Estate
2345 E Thomas Rd. 150
Phoenix AZ, 85016