6725 E Earll Dr - Apartments FOR SALE


Scottsdale, AZ 85251- Old Town
$4,270,000 USD
602-687-6816
6725 E Earll Dr, Scottsdale, AZ for Sale
$4,270,000 USD
Apartments - FOR SALE
1/36
null | 6% Cap Rate

6725 E Earll Dr
Scottsdale, AZ 85251
Old Town


OVERVIEW

On offer as the subject of this memorandum is a multifamily investment opportunity that is without equal. Earll 14 offers residents a renovated, luxurious atmosphere in Holiday Park, a neighborhood in the heart of Scottsdale, Arizona which is bereft of attainable housing at the subject property’s price point. Built in 1958 and renovated in 2023, Earll 14 is a single-level, low-density rental housing community in one of the most sought-after locations in the Southwest. Prescient design elements such as neutral color schemes, stainless steel appliances, wood-appearance soft plank flooring, and quartz countertops were incorporated in the Tier Two renovation campaign executed by current ownership. Such design features obviate the need for ongoing expensive maintenance requirements while adding a sensuous experience for the residents who call Earll 14 home. Soft-close cabinets, comfort floor finishes, and the inviting feel of quartz countertops in kitchens and baths create a feeling of ‘home’ for residents. It is not coincidental that the average tenancy spans 430 days and that any unit that becomes available is pre-leased prior to the vacating resident’s departure.

FOR SALE DETAILS

PRICE

$4,270,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

14

PRICE/UNIT

$305,000

CAP RATE

6%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,092 SF

ZONING

R-5, Scottdale

APN/PARCEL ID

130-47-053,130-47-054

ASK ABOUT THIS PROPERTY

Kyle IngramMarcus & MillichapMore Info
602-687-6816

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Kyle IngramMarcus & MillichapMore Info
602-687-6816

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.