Property Description

4-unit garden-style apartment property approx. 1 mile from Old Town Scottsdales 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.

Property Features

Local Schools