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6628 E Avalon Drive

Scottsdale, AZ 85251
  • $1,150,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 6302812
UPDATED: 35 min ago
$1,150,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Information

Elementary School:
Middle School:
High School:

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.

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© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2021-10-16T10:16:29.207.
www.yournextphoenixhome.com/homes/122087016
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6628 E Avalon Drive Scottsdale, AZ 85251

  • Price: $1,150,000
  • Status: Active
  • Updated: 35 min ago
  • MLS #: 6302812
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1962
Built
Neighborhood:
Oasis Plaza
County:
Maricopa
Area:
Scottsdale
Elementary School:
Other
Middle School:
Other
High School:
Other
School District:
048 - Scottsdale Unified District
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.
Exterior Features

Construction Frame - Wood Construction Finish Painted Covered Parking Spaces 4.00 Lot Size Dimensions Irr Parking >1 Space Per Unit Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 734 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 900 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeDishwasherRefrigerator Cooling Individual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Natural Gas

Property Features

1 Bedroom Unit Avg Rent 1500.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1850.00 2 Bedroom Units 3 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 80370.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1600.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1200.00 Annual Legal And Acctg 0.00 Annual Maint Exp 2000.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1500.00 Annual Wtr Swr Exp 1500.00 Community Amenities No Pool Cross Street 68TH & THOMAS Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Individual Meter Gross Annual Sch Inc 84600.00 Hoa YN No Net Operating Income 70878.00 New Financing Conventional Operating Exp 9492.00 Other Income 0.00 Other Type Other (See Remarks)Packaged Offering Owner Pays SewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Scottsdale Taxes 1692.00 Tenant Pays Cable TvElectricGas Totl Mnth Rntal Inc 7050.00 Vacancy Allowance 0.05 Water City Franchise Zoning Multi

Listing courtesy of Grace Cre.


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2021-10-16T10:16:29.207.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E. Baseline Rd.
Mesa AZ, 85206