6900 East 1st Ave - Apartments FOR SALE


Scottsdale, AZ 85251- Old Town
$1,450,000 USD
602-647-6905
6900 East 1st Ave, Scottsdale, AZ for Sale
$1,450,000 USD
Apartments - FOR SALE
1/43
null | 5.93% Cap Rate

6900 East 1st Ave
Scottsdale, AZ 85251
Old Town


HIGHLIGHTS

  • Two units; Vacation rental; No HOA; Seller Financing at below market interest rate
  • Amazing opportunity for savvy investor or owner occupant looking to build long term equity.

OVERVIEW

5.99% (6.02% APR) Seller Financing with 20% down payment; 6.50% (6.53% APR) with 10% down payment. Two-unit Vacation Rental property, Townhome with NO HOA, in Old Town Scottsdale directly accross from Hotel Valley Ho. NO HOA = no short term rental restrictions okay. 2021 build, nearly new 4-level townhome in the heart of old town Scottsdale! Level 1: Full studio suite & private bathroom and seperate entrance can be rented separately from main unit or with the main unit depending on guest size; attached garage. Levels 2, 3 and 4 are the main unit. Level 2: Living room, high-end kitchen, half bath & walk-out covered patio. Level 3: Master suite & 2nd bedroom, 2 full baths. Level 4: Wet bar, small game area, large rooftop deck. Use the entire property to generate income or live in the main home & rent out the lower-level studio to offset expenses (short-term vacation rental could cover as much as half your monthly payment). Located across the street just east of the iconic Hotel Valley Ho. Amazing opportunity for savvy investor or owner occupant looking to build long term equity. No HOA. short-term rentals allowed for any duration.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$721 USD /SF

# OF UNITS

2

PRICE/UNIT

$725,000

CAP RATE

5.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,309 SF

ZONING

residential

APN/PARCEL ID

130-11-503,130-11-504,130-11-505

ASK ABOUT THIS PROPERTY

Jeff GrossASF MortgageMore Info
602-647-6905

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

Jeff GrossASF MortgageMore Info
602-647-6905

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