$1,350,000
8649 E ROYAL PALM Road
Scottsdale, AZ 85258
MLS# 6193299
Status: Closed



Pool
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Pool Tennis Courts Entry Unit 121 Kitchen Unit 121 LvgRm Unit 121 LvgRm Unit 121 Bdrm Unit 121 Bdrm Unit 121 Bthrm Unit 121 Bthrm/Closet Unit 214 Lvg Room Unit 214 Lvg Rm Unit 214 Kitchen Unit 214 Mstr Bath Unit 222 Gst Bath Unit 222 Mstr Bath Unit 222 Lvg Rm Unit 222 Mstr Bdrm Unit 222 Patio Unit 114 Hllwy Unit 114 Kitchen Unit 114 LvgRm Unit 114 Mstr Bdrm Unit 114 MstrBth Unit 120 Dining Unit 120 Lvg Rm Unit 120 Patio Unit 120 Kitchen Unit 120 Kitchen Unit 120 Mstr Bdrm Unit 120 Mstr Bdrm Unit 120 Bthrm

Property Description
We are selling 5 total units as a package in Villa de Vallarta. Unit #'s are 120, 121, 214, 222 & 214. These are great investments in a prime location, just minutes from the 101, close to great dining, entertainment and shopping. All units currently have tenants! All units could use light remodels. Current rents are low compared to market, and there is definitely opportunity to increase upon expiration of existing leases! Please contact agent for current and potential income and expenses.

Details
Maps
Contract Info
Current Price: $1,350,000
Sold Price: $1,350,000
Status: Closed
List Date: 2021-02-11
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M37
House Number: 8649
Compass: E
Street Name: ROYAL PALM
St Suffix: Road
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85258
Zip4: 4325
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 106 BLOCK B VILLA DE VALLARTA PHASE 1 MCR 022020
Subdivision: VILLA DE VALLARTA PHASE 1
Assessor's Map #: 4
Assessor's Parcel #: 854
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 174-04-854-A
Legal: LOT 106 BLOCK B VILLA DE VALLARTA PHASE 1 MCR 022020
Census Tract: 216807
Tax Municipality: Maricopa - COUNTY
Taxes: 1186
Tax Year: 2020
Marketing Name: VILLA DE VALLARTA PHASE 1
General Property Description
Lot Size Dimensions: .002 acres / 103 sq. ft.
Year Built: 1980
Total # of Units: 6
# of Buildings: 6
Zoning: M-H Residential
Flood Zone: No
Elementary School: Cochise Elementary School
Jr. High School: Cocopah Middle School
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Cross Street: Hayden and Royal Palm
Directions: North on Hayden to Royal Palm E to first Villa de Vallarta entrance on S side
Geo Lat: 33.556106
Geo Lon: -111.894784
Status Change Info
Status Change Date: 2021-05-26
Off Market Date: 2021-05-06
Under Contract Date: 2021-04-15
Close of Escrow Date: 2021-05-25
Sold Price: $1,350,000
Legal Info
Township: 3N
Range: 4E
Section: 36
Block: B
Lot Number: 106
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 3180
Operating Exp: 4366
Pmt & Rate Info
Equity: 1500000
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 950
Avg SqFt: 758
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1100
Avg SqFt: 1147
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Stucco
Roofing: Built-Up
Floors: Ceramic Tile; Carpet
Sale Includes: Other (See Remarks)
Community Amenities: Pool; Heated Spa(s); Tennis Court(s)
Exterior Amenities: Patio/Balcony; Pet Restrictions
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Washer/Dryer
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Carport; 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Other
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None

Listing Office: R & R Properties of Arizona, LLC

Last Updated: May - 26 - 2021

8649 E ROYAL PALM Road, Scottsdale, AZ 85258 - MLS# 6193299
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