Address
6628 E Avalon Drive Scottsdale, AZ
Price
$ 1,150,000
Property Attributes
  • MLS#6302812
  • TypeMulti-Family
  • CountyMARICOPA
  • CityScottsdale
  • NeighborhoodOasis Plaza
  • Zip85251
  • Style
  • Year Built1962
  • Taxes$ 1692
  • Price$ 1,150,000
  • Bedrooms7
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3434
Listing Provided Courtesy Of:
Grace CRE
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

Welcome to Four on Avalon. This four plex is in the heart of Old Town Scottsdale in nice Cul-del-sac lot! 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. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale. Also available as part of a portfolio sale with same owners and unit mix and rent are 6616 E Avalon, 6622 E Avalon, and 6613 E Cherry Lynn also available for $1,150,000 each.

Price History
10/5/2021 Listed $1,150,000

General Features

1 Bedroom Units: Avg Rent 1500.00
2 Bedroom Units: Avg Rent 1850.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood
Cooling Individual
Electric APS
Elementary School Other
Features No Pool
Gas Y/N Individual Meter
Heating Natural Gas
High School Other
Map Code/Grid P37
Middle School Other
Net Income 70878.00
New Financing Conventional
Owner Pays Sewer, Trash Collection, Water
Parking >1 Space Per Unit
Property Type F
Roof Comp Shingle
School District 048 - Scottsdale Unified District
Sewer Sewer - Public
Status Active
Subdivision OASIS PLAZA
Tenant Pays Cable TV, Electric, Gas
Water City Franchise
Year Built 1962
Zoning MULTI

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 734
2 Bedroom Units: # 2 Bedroom Units 3
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 900
Appliances Included BI Oven/Range, Dishwasher, Refrigerator
Floors Ceramic Tile
Total Number of Units 4.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 4.00
Lot Size Dimensions IRR
Total Parking Spcs 8.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85251

Price
AVG $1.98M
$1.15M
Taxes
AVG $3,398
$1,692
Visits
AVG 119
19
Year Built
AVG 1964
1962

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