6220 E Larkspur Drive, Scottsdale, AZ 85254

$3,614,000
List Price
$3,614,000
Status
ACTIVE
Days on Market
19
MLS#
6508382
City
Scottsdale
Lot Size
3
Year Built
1969

Property Description

Turn key investment portfolio in the highly sought after city of Scottsdale. Offering 3 hand curated and exceptional short term rental properties that have over $780k in renovation and remodeling costs. The in place operations offer continued stability and favorable operational costs.This is a unique offering to purchase a stable portfolio of homes in the exceedingly strong and sought-after Phoenix housing market and its most desired neighborhood, Scottsdale. This offering has immediate cash flow and revenue growth built in. With over 40% of households in Metropolitan Phoenix being renter-occupied, this a perfect opportunity for short or long term rental operations. In recent years, Scottsdale has benefited from transformational investment that has dramatically increased the residential population and generated a rich array of restaurants, retail, events and entertainment venues. The surrounding neighborhoods also offer an abundance of history dating back to the development of Scottsdale and feature historic landmarks, plentiful hiking trails, architecturally notable buildings, lush resorts and world renowned golf courses. This is a bulk sale, the following parcel's are included - 175-70-052, 167-08-062, 130-30-012

Additional Information

Gross Annual Sch Inc
144660
Adjusted Gross Inc
144660
Taxes
$3,210
Annual Other Exp
27530
Operating Exp
30740
Net Operating Income
$117,130
Units
11
Project Type
Other (See Remarks)
Construction
Slump Block
Roofing
Comp Shingle, Other (See Remarks)
Parking
Attached
Cooling
Window/Wall Unit
Heating
Natural Gas
Floors
Wood
Interior Amenities
Furnished
Exterior Amenities
Desert Landscaping, Landscape Wtr System, Other (See Remarks), Patio/Balcony, RV/Boat Parking
Zoning
RE-24
Community Amenities
No Pool, Other, Pool
Electric
APS
Gas
SW Gas
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Other (See Remarks)
New Financing
1031 Exchange, Conventional, CTL, Other (See Remarks)
Elementary School
Desert Shadows Elementary School
Middle School
Desert Shadows Middle School - Scottsdale
High School
Horizon High School
School District
Paradise Valley Unified District

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of North & Co.

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