6715 E Avalon Drive, Scottsdale, AZ 85251

$1,300,000
List Price
$1,300,000
Status
ACTIVE
Price Change
▼ $100,000 1633474925
Days on Market
39
MLS#
6290801
City
Scottsdale
Lot Size
4
Year Built
1962

Property Description

Bulk Sale, priced at $6.5m. Five contiguous 4-plex's, priced at $1.3m each (6635, 6641, 6701, 6709, & 6715 E. Avalon Dr) with 20 garden style apartments on 1.79 ''gross'' acres in the heart of Old Town Scottsdale. $275k upgrades (cabinets, SS appliances, windows, tile floors and showers) completed in 2019. On site newer coin op laundry (8 washers and 8 gas dryers) provide additional revenue. 3.52 Cap on actual numbers. Located minutes from Scottsdale Fashion District, shopping, and world class entertainment and restaurants. New ultra modern white kitchens with stainless steel appliances, including 36'' side by side refrigerator, microwave, and upgraded stoves. All tile floors for easy maintenance. Sale is contingent upon the simultaneous closing of 4 other adjacent four plex style buildings: 6641(MLS#6290805), 6701(MLS#6290799), 6709,(MLS#6290802) & 6635(6290798) E. Avalon Drive R5 zoning and 1.79 ''gross acres'' provides unique redevelopment opportunity. Please note, sold ''As Is'', waive appraisal, and non refundable deposit, no contingencies.

Additional Information

Gross Annual Sch Inc
57900
Other Income
2440
Adjusted Gross Inc
60340
Taxes
$1,581
Annual Ins Exp
900
Annual Mgmt Exp
2000
Annual Maint Exp
1900
Annual Elec Exp
800
Annual Gas Exp
560
Annual Water Sewer Exp
3200
Annual Trash Exp
900
Annual Landscape Exp
1200
Annual Other Exp
1600
Operating Exp
14641
Net Operating Income
$45,699
Units
4
Project Type
13 - 24 Units, Four Plex
Construction
Block
Roofing
Comp Shingle, Rolled
Parking
1 Space/Unit, Assigned, Carport, Street Parking
Cooling
Ceiling Fan(s), Central A/C, Electric, Individual
Heating
Individual, Natural Gas
Floors
Ceramic Tile, Other
Interior Amenities
Fire/Smoke Alarm(s), Unfurnished, Vertical Blinds
Exterior Amenities
Cable TV Available, Fenced, Landscape Wtr System, Patio/Balcony, Separate Storage
Zoning
R-5
Subdivision
Oasis Plaza
Community Amenities
Play Area
Electric
APS, Individual Meter
Gas
Individual Meter, SW Gas
Water
City Franchise, Master Meter
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric, Gas
New Financing
Conventional
Elementary School
Tonalea K-8
Middle School
Supai Middle School
High School
Coronado High School
School District
048 - Scottsdale Unified District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of HomeSmart.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.