6801 E Earll Drive, Scottsdale, AZ 85251
- $1,000,000
- 8
- BD
- 4
- BA
- List Price
- $1,000,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 7085378
- City
- Scottsdale
- Bedrooms
- 8
- Bathrooms
- 4
- Year Built
- 1959
Property Description
4-unit garden-style apartment property approx. 1 mile from Old Town Scottsdale's restaurants, galleries, nightlife and boutique shopping. Built in 1959 and rebuilt in 2006 with electrical and plumbing brought up to code, the single-story building sits on a 0.19-acre lot with a uniform mix of (4) 2-bed/1-bath units averaging 675 SF. Units are individually metered for water and electricity. True value-add opportunity: current rents average $1,250/unit and can be pushed toward market (proforma $1,695) through interior/exterior renovations and adding in-unit washers/dryers. Minutes from Scottsdale Stadium, Fashion Square, the Waterfront, Indian Bend Wash Greenbelt, Papago Park and Camelback Mountain, with easy access to ASU SkySong, ASU Tempe and Sky Harbor.
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Additional Information
- Taxes
- $1,579
- Net Operating Income
- $60,445
- Cap Rate
- 6.04
- Units
- 4
- Flooring
- Other
- Parking Features
- 1 Space/Unit, Carport
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Electric, Varies by Unit
- Heating
- Electric, Varies by Unit
- Zoning
- R1-7
- Exterior Features
- Sidewalk(s)
- Subdivision
- Western Villa
- Community Features
- No Pool
- Electric
- APS, Individual Meter
- Water
- Master Meter, City Franchise
- Sewer
- Public Sewer
- Tenant Pays
- Electricity
- New Financing
- Conventional, 1031 Exchange, Cash
Courtesy of ABI Multifamily. 602-714-1400
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