Price Reduction $150,000 per building, & Seller is offering $10,000 to be used towards closing costs &/or rate buy down. The Holiday Park area w/ its developing mid-century vibe, is attractive to long & short-term renters seeking the lifestyle that Old Town Scottsdale has to offer. Each building consists of three 1-bedroom 1 bath units & one 2-bedroom 1 bath unit. New owner could potentially combine the laundry room & storage closet to the adjoining 1bd unit in each building which would then convert each building two 2bd's and two 1 bd's. All units are fully occupied and cash-flowing, all leases month-to-month & below market value, offering MAXIMUM INVESTOR flexibility & growth potential. Current rent comps show the ability to raise rents by nearly 100% w/ only minimal improvements. All units offer a private fenced area, large storage closet, & covered parking spot, which are unique features to typical Scottsdale rentals. These adjoining properties form a common courtyard which can be made into an attractive entertainment space for tenant enjoyment or vacation guests. Many of the buildings in the area have been renovated for short-term vacation rentals. The property has an on-site maintenance room for the owner to utilize, or to convert to additional rental space. On-site Laundry facility, which is convenient to tenants is also an income generator. This 4 plex is connected with a common area and is contingent upon the simultaneous sale of 3301 N 66th St. Leased coin laundry brings in approx $150 a month.
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Courtesy of: Realty ONE Group The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the Homesmart Lifestyles. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 7th December, 2022 9:45 PM (UTC)