Price Reduction $150,000 per building, & Seller is offering $10,000 to be used towards closing costs &/or rate buy down. The Holiday Park area w/ its developing mid-century vibe, is attractive to long & short-term renters seeking the lifestyle that Old Town Scottsdale has to offer. Each building consists of three 1-bedroom 1 bath units & one 2-bedroom 1 bath unit. New owner could potentially combine the laundry room & storage closet to the adjoining 1bd unit in each building which would then convert each building two 2bd's and two 1 bd's. All units are fully occupied and cash-flowing, all leases month-to-month & below market value, offering MAXIMUM INVESTOR flexibility & growth potential. Current rent comps show the ability to raise rents by nearly 100% w/ only minimal improvements. All units offer a private fenced area, large storage closet, & covered parking spot, which are unique features to typical Scottsdale rentals. These adjoining properties form a common courtyard which can be made into an attractive entertainment space for tenant enjoyment or vacation guests. Many of the buildings in the area have been renovated for short-term vacation rentals. The property has an on-site maintenance room for the owner to utilize, or to convert to additional rental space. On-site Laundry facility, which is convenient to tenants is also an income generator. This 4 plex is connected with 3307 N 66th St and the Sellers would prefer to sell both together. Leased coin laundry brings in approx $150 a month.
Tavan Elementary SchoolElementary School
Ingleside Middle SchoolMiddle School
Arcadia High SchoolHigh School