$3,575,000
Scottsdale, AZ 85257
MLS# 6688580
1 / 32
Property Description
We are pleased to announce an 11 on Hayden. This 11 unit complex features 1 bedroom 1 bath units. (approx. 519 sf). Upgrades spent $40,000+ sheathing/roofing, new exterior paint, patio supports, exterior doors on storage, repairs to stucco, fascia and gables. This a perfect value add asset to increase rents. Seller is motivated and will possibly carry. Bring your offer's now a hard find in great amazing location. Rents are 1300 to 1550 below market. Numbers are based on a proforma and self managed. All facts and information are approximate buyer verify MLS info.
Details
Maps
Contract Info
Current Price: $3,575,000
List Price: $3,575,000
Status: Active
List Date: 2024-04-08
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1232
Compass: N
Street Name: Hayden
St Suffix: Road
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85257
Country: USA
County Code: Maricopa
Assessor's Map #: 11
Assessor's Parcel #: 240
Add'l Parcels: No
Assessor Number: 131-11-240
Legal: TRACT E MCDOWELL PARKWAY
Tax Municipality: Tempe
Taxes: 1957
Tax Year: 2023
Marketing Name: 11 on Hayden
General Property Description
Lot Size Dimensions: IRR
Year Built: 1963
Uncvrd Parking Spcs: 11
Total # of Units: 11
# of Buildings: 3
Zoning: NA
Elementary School District: Out of Area
High School District: Out of Area
Remarks & Misc
Cross Street: McDowell
Geo Lat: 33.46203
Geo Lon: -111.909482
Status Change Info
Status Change Date: 2024-04-08
Legal Info
Lot Number: ?
Income & Expenses
Annual Elec Exp: 215
Annual Ins Exp: 3000
Annual Maint Exp: 6000
Annual Trash Exp: 2000
Annual Wtr/Swr Exp: 4000
Owner Association: No
Operating Exp: 17172
Gross Annual Sch Inc: 204600
Vacancy Allowance: 0.05
Adjusted Gross Inc: 194370
Totl Mnth Rntal Inc: 17050
Net Operating Income: 177198
Pmt & Rate Info
Down Payment %: 25
Equity: 3575000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 11
Avg Rent: 650
Avg SqFt: 519
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: F/S Oven/Range; Refrigerator
Cooling: Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Lockbox Type: None
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
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: Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm
Environmental: Super Fund/WQARF/DOD
Listing Office: Grace CRE
Last Updated: April - 17 - 2024
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