Address
6616 E Avalon Drive Scottsdale, AZ
Price
$ 1,150,000
Property Attributes
  • MLS#6302804
  • TypeMulti-Family
  • CountyMARICOPA
  • CityScottsdale
  • NeighborhoodOasis Plaza
  • Zip85251
  • Style
  • Year Built1962
  • Taxes$ 1689
  • Price$ 1,150,000
  • Bedrooms7
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3479
Listing Provided Courtesy Of:
Grace CRE
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

Welcome to Eight on Avalon. This four plex is part of a portfolio and is in the heart of Old Town Scottsdale. This property is an amazing opportunity to do a full remodel! Property has been self managed with month to month tenants. Currently below market rents 500-600. Market rate once renovated 1500-1900. One 1 bedroom 1 bath and Three 2 bedroom 1 bath units. Once remodel proforma cap 5.5-6 cap. Could also make into a Air B&B for even a higher return. Must purchase with 6622 E Avalon for additional $1,150,000 for a total of $2,300,000 8 units. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unware of sale.

Price History
10/5/2021 Listed $1,150,000

General Features

1 Bedroom Units: Avg Rent 1500.00
2 Bedroom Units: Avg Rent 1850.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Electric, Individual
Electric SRP
Elementary School Other
Exterior Features Cable TV Available, Green Landscaping, Landscape Wtr System, Separate Storage
Features No Pool
Gas Y/N SW Gas
Heating Individual, Natural Gas
High School Other
Interior Features Fire/Smoke Alarm(s), Unfurnished
Map Code/Grid P36
Middle School Other
Net Income 70969.00
New Financing Conventional
Owner Pays Sewer, Trash Collection, Water
Parking 1 Space/Unit, Carport, Free, Street Parking
Property Type F
Roof Comp Shingle
School District 048 - Scottsdale Unified District
Sewer Sewer - Public
Status Active
Subdivision Oasis Plaza
Tenant Pays Electric, Gas
Water City Franchise
Year Built 1962
Zoning Multi

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 734
2 Bedroom Units: # 2 Bedroom Units 3
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 915
Appliances Included Dishwasher, F/S Oven/Range, Refrigerator
Floors Carpet, Vinyl
Total Number of Units 4.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 4.00
Lot Size Dimensions IRR
Total Parking Spcs 4.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85251

Price
AVG $1.98M
$1.15M
Taxes
AVG $3,398
$1,689
Visits
AVG 123
40
Year Built
AVG 1964
1962

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