$1,083,333
$1,150,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/01/2022
Key Details
Sold Price $1,083,333
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Oasis Plaza
MLS Listing ID 6302807
Sold Date 02/01/22
Maintenance Fees $2,000
Year Built 1962
Annual Tax Amount $1,690
Tax Year 2021
Lot Dimensions IRR
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Welcome to Eight on Avalon. This four plex is part of a portfolio and is in the heart of Old Town Scottsdale. This property is an amazing opportunity to do a full remodel! Property has been self managed with month to month tenants. Currently below market rents 500-600. Market rate once renovated 1500-1900. One 1 bedroom 1 bath and Three 2 bedroom 1 bath units. Once remodel proforma cap 5.5-6 cap. Could also make into a Air B&B for even a higher return. Must purchase with 6616 E Avalon for additional $1,150,000 for a total of $2,300,000 8 units. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unware of sale. Also available as part of a portfolio sale with same owners and unit mix and rent are 6631 E Cherry Lynn, and 6628 E Avalon also available for $1,150,000 each
Location
State AZ
County Maricopa
Community Oasis Plaza
Zoning R-5
Direction EAST ON THOMAS TO 67TH PLACE. NORTH TO AVALON DR. WEST TO PROPERTY.
Interior
Heating Individual, Natural Gas
Cooling Electric, Individual
Flooring Carpet, Vinyl
Appliance Free-Standing Range, Refrigerator
Exterior
Parking Features 1 Space/Unit, On Street, Carport
Community Features No Pool
Roof Type Composition
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Scottsdale Unified District
Others
Senior Community No
Tax ID 130-09-054
Acceptable Financing Conventional
Listing Terms Conventional
Financing Other
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with Grace CRE
GET MORE INFORMATION