$1,295,000
Scottsdale, AZ 85251
MLS# 6704989
1 / 16
Property Description
In 2022 his beautiful fourplex underwent a full gut renovation. The property is made up of two buildings, consisting of 4 units each. The property boasts a phenomenal unit mix consisting of (1) 1-bed / 1-bath units and (3) 2-bed / 2-bath units. The interior for each unit has been fully renovated down to the studs and features new flooring, shaker cabinets, stainless steel appliance packages, in-unit washer and dryers and more. The exterior boasts a new roof, landscaping, dual pane windows in-unit washer and dryers and more. The exterior boasts a new roof, landscaping, dual pane windows, electrical & panels, plumbing and private front patios.
Details
Maps
Contract Info
Current Price: $1,295,000
List Price: $1,295,000
Status: Active
List Date: 2024-05-13
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 6713
Compass: E
Street Name: MONTEREY
St Suffix: Way
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 6710
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 46 HOLIDAY PARK MCR 007614
Subdivision: HOLIDAY PARK
Assessor's Map #: 47
Assessor's Parcel #: 90
Add'l Parcels: No
Assessor Number: 130-47-090
Legal: LOT 46 HOLIDAY PARK MCR 007614
Census Tract: 217501
Tax Municipality: Scottsdale
Taxes: 1271
Tax Year: 2023
Marketing Name: Monterey 8
General Property Description
Lot Size Dimensions: 7,726
Year Built: 1958
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 2
Zoning: R-5
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Geo Lat: 33.485104
Geo Lon: -111.936284
Status Change Info
Status Change Date: 2024-05-13
Legal Info
Township: 2N
Range: 4E
Section: 27
Lot Number: 46
Income & Expenses
Owner Association: No
Operating Exp: 1271
Gross Annual Sch Inc: 124225
Vacancy Allowance: 0.5
Adjusted Gross Inc: 62112.5
Net Operating Income: 65094
Pmt & Rate Info
Cap Rate: 5.03
Down Payment %: 25
Monthly Payments: 6461
Equity: 1295000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1400
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 1700
Avg SqFt: 740
# Baths: 2
Property Features
Project Type: Four Plex; 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building
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
Lockbox Type: None
New Financing: Cash; VA; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: May - 15 - 2024
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