This turnkey, recently renovated Four Plex presents an exceptional investment opportunity in the heart of Old Town Scottsdale, one of the area's most desirable and high-demand locations. The property features a well-balanced unit mix of three - 1/bed, 1/bath units with luxury vinyl floors and one - 2/beds, 1/bath unit,… Read More with new tile floors. Each residence offering its own en suite laundry, and a private patio, enhancing tenant comfort and desirability. The complex also includes 4 on-site storage units, adding value to the property.
Ideally located down the street from Paiute Park, and less than two miles from Old Town Scottsdale. The property offers easy access to Scottsdale Fashion Square, Spring Training facilities, premier dining, entertainment, shopping, the Phoenix Zoo, Botanical Garden, Sky Harbor International Airport, and world-class golf. Situated in a prime rental market known for strong demand and long-term growth, this fully rented multifamily asset represents a low-maintenance investment with consistent income potential.
Don't miss this outstanding opportunity to own a Four Plex in one of Scottsdale's most sought-after neighborhoods. Read Less
Courtesy of Realty ONE Group 480-321-8100
Listing Snapshot
Days Online
291
Last Updated
Beds
5
Year Built
1959
MLS Number
6959584
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Washer/Dryer
Building
Built in 1959, 1 building, Construction Materials: Painted, Stucco, Block
Community
No Pool
Cooling
Ceiling Fan(s), Electric
Disclosures
Seller Prop Disc Stm
Expenses
Operating: $1,164
Floors
Tile, Laminate
Heating
Forced Air, Heat Pump, Natural Gas
Income
Gross Income: $70,934.6, Gross ScheduledIncome: $70,934.6, Net Operating Income: $69,770.6
Lot
Dimensions: 8047
Owner Pays
Trash Collection, Water, Sewer
Parking
4 open parking spaces, 4 total parking spaces, Paved, Free, Add'l Parking Avail, 1 Space/Unit
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 130-47-036, Public Survey Range: 4E, Public Survey Section: 27, Annual Amount: $1,164, Tax Book Number: 130.00, Legal Description: LOT 32 IMPERIAL MANOR MCR 007530, Lot: 32, Year: 2024, Zoning: R-5
Utilities
Water Source: City Franchise, APS
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