$385,000
6637 E CHEERY LYNN Road
Scottsdale, AZ 85251
MLS# 5708010
Status: Closed



6637 E CHEERY LYNN Road, Scottsdale, AZ 85251
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6637 E CHEERY LYNN Road, Scottsdale, AZ 85251 studio living area studio living area

Property Description
Well maintained FULLY rented 4-plex located on a cul de sac. Neat, clean,all units have refrigerators,ranges,individual AC,hot water heaters. 2-two bedrooms, 1-one bedroom and 1-studio. Plenty of parking. Close to public transportation,shopping,schools,restaurants.

Details
Maps
Contract Info
Current Price: $385,000
Sold Price: $385,000
Status: Closed
List Date: 2018-01-12
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P37
House Number: 6637
Compass: E
Street Name: CHEERY LYNN
St Suffix: Road
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 6717
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 33 HOLIDAY PARK 2 MCR 007624
Subdivision: HOLIDAY PARK 2
Assessor's Map #: 47
Assessor's Parcel #: 77
Add'l Parcels: No
Assessor Number: 130-47-077
Legal: LOT 33 HOLIDAY PARK 2 MCR 007624
Census Tract: 217501
Tax Municipality: Scottsdale
Taxes: 1112
Tax Year: 2017
Marketing Name: Holiday park
General Property Description
Lot Size Dimensions: irr
Year Built: 1959
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 1
Zoning: multi
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Cross Street: 68th street and Thomas Road
Directions: North on 68th street, west on Cheery Lynn
Geo Lat: 33.484305
Geo Lon: -111.937369
Status Change Info
Status Change Date: 2018-03-31
Off Market Date: 2018-03-22
Under Contract Date: 2018-03-18
Close of Escrow Date: 2018-03-30
Sold Price: $385,000
Legal Info
Township: 2N
Range: 4E
Section: 27
Lot Number: 33
Income & Expenses
Annual Ins Exp: 1469
Annual Landscape Exp: 450
Annual Maint Exp: 1300
Annual Mgmt Exp: 1200
Annual Wtr/Swr Exp: 2400
Owner Association: No
Annual Other Expense: 1000
Operating Exp: 8931
Vacancy Allowance: 0.05
Totl Mnth Rntal Inc: 2150
Net Operating Income: 16800
Pmt & Rate Info
Cap Rate: 4.2
Equity: 400000
Efficiency Units
# Efficiency Units: 1
Avg Rent: 450
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 400
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 700
# Baths: 1
Contact Info
List Agent Home Phn: 602-570-7118
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range
Heating: Natural Gas
Cooling: Electric; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: <1 Space Per Unit
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Alley
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: Preferred Property Consultants LLC

Last Updated: March - 31 - 2018

6637 E CHEERY LYNN Road, Scottsdale, AZ 85251 - MLS# 5708010
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