$3,060,000
Scottsdale, AZ 85251
MLS# 6704982
1 / 12
Property Description
9 on 66th Place was built in 1969 and underwent full-gut renovation in April of 2024. The property is made up of four buildings consisting of (3) duplexes and (1) triplex. The apartment community started leasing at the beginning of April and is already 50% leased. The community features a phenomenal unit mix of (1) 1-bedroom / 1-bathroom units, (7) 2-bedroom / 1.5-bathroom units, and (1) 2-bedroom / 2-bathroom unit. The interior for each unit in this community has been fully renovated down to the studs and features new flooring, flat panel & shaker cabinets, stainless steel appliance package, oversized luxury windows, in-unit washer and dryers, and more. The exterior boasts a new roof, tasteful desert landscaping, dual pane windows, electrical & panels, plumbing & private patios.
Details
Maps
Contract Info
Current Price: $3,060,000
List Price: $3,060,000
Status: Active
List Date: 2024-05-13
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 3230
Compass: N
Street Name: 66TH
St Suffix: Place
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 6151
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 53 HOLIDAY PARK MCR 007614
Subdivision: HOLIDAY PARK
Assessor's Map #: 47
Assessor's Parcel #: 97
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 130-47-097-C
Legal: LOT 53 HOLIDAY PARK MCR 007614
Census Tract: 217501
Tax Municipality: Scottsdale
Taxes: 2358
Tax Year: 2023
Marketing Name: 9 on 66th Place
General Property Description
Lot Size Dimensions: 18,080
Year Built: 1969
Uncvrd Parking Spcs: 9
Total # of Units: 9
# of Buildings: 4
Zoning: R-5
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Geo Lat: 33.485643
Geo Lon: -111.93785
Status Change Info
Status Change Date: 2024-05-13
Legal Info
Township: 2N
Range: 4E
Section: 27
Lot Number: 53
Income & Expenses
Owner Association: No
Operating Exp: 2358
Gross Annual Sch Inc: 191804
Vacancy Allowance: 0.5
Adjusted Gross Inc: 95902
Net Operating Income: 152287
Pmt & Rate Info
Cap Rate: 4.98
Down Payment %: 40
Monthly Payments: 12030
Equity: 3060000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1500
Avg SqFt: 375
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1850
Avg SqFt: 800
# Baths: 2
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Brick Trim/Veneer
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool
Appliances Included: BI Oven/Range
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner; Projected Proforma
Showing Notification Methods: Text; Phone Call
Lockbox Type: Other
New Financing: Cash; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: May - 14 - 2024
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