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    6701 E Avalon Drive

    Scottsdale, AZ 85251
    • $1,300,000
    • STATUS: Active
    • ON SITE: 48 Days
    • MLS #: 6290799
    UPDATED: 65 min ago
    $1,300,000
    • 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

    Bulk Sale, priced at $6.5m. Five contiguous 4-plex's, priced at $1.3m each (6635, 6641, 6701, 6709, & 6715 E. Avalon Dr) with 20 garden style apartments on 1.79 ''gross'' acres in the heart of Old Town Scottsdale. $275k upgrades (cabinets, SS appliances, windows, tile floors and showers) completed in 2019. On site newer coin op laundry (8 washers and 8 gas dryers) provide additional revenue. 3.52 Cap on actual numbers. Located minutes from Scottsdale Fashion District, shopping, and world class entertainment and restaurants. New ultra modern white kitchens with stainless steel appliances, including 36'' side by side refrigerator, microwave, and upgraded stoves. All tile floors for easy maintenance.Sale is contingent upon the simultaneous closing of 4 other adjacent four plex style buildings: 6641(MLS# 6290805), 6635(MLS#6290798), 6709,(6290802) & 6715(6290801) E. Avalon Drive R5 zoning and 1.79 ''gross acres'' provides unique redevelopment opportunity. Please note, sold ''As Is'', waive appraisal, and non refundable deposit, no contingencies.

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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 2021-10-27T20:13:50.667.
    www.yournextphoenixhome.com/homes/121247570
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    6701 E Avalon Drive Scottsdale, AZ 85251

    • Price: $1,300,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: 6290799
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1962
    Built
    Neighborhood:
    Oasis Plaza
    County:
    Maricopa
    Area:
    Scottsdale
    Elementary School:
    Tonalea K-8
    Middle School:
    Supai Middle School
    High School:
    Coronado High School
    School District:
    048 - Scottsdale Unified District
    Property Description
    Bulk Sale, priced at $6.5m. Five contiguous 4-plex's, priced at $1.3m each (6635, 6641, 6701, 6709, & 6715 E. Avalon Dr) with 20 garden style apartments on 1.79 ''gross'' acres in the heart of Old Town Scottsdale. $275k upgrades (cabinets, SS appliances, windows, tile floors and showers) completed in 2019. On site newer coin op laundry (8 washers and 8 gas dryers) provide additional revenue. 3.52 Cap on actual numbers. Located minutes from Scottsdale Fashion District, shopping, and world class entertainment and restaurants. New ultra modern white kitchens with stainless steel appliances, including 36'' side by side refrigerator, microwave, and upgraded stoves. All tile floors for easy maintenance.Sale is contingent upon the simultaneous closing of 4 other adjacent four plex style buildings: 6641(MLS# 6290805), 6635(MLS#6290798), 6709,(6290802) & 6715(6290801) E. Avalon Drive R5 zoning and 1.79 ''gross acres'' provides unique redevelopment opportunity. Please note, sold ''As Is'', waive appraisal, and non refundable deposit, no contingencies.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 4.00 Exterior Amenities FencedLandscape Wtr SystemSecurity Light(S)Separate Storage Lot Size Dimensions 11972 Parking 1 Space/UnitAssignedCarportStreet Parking Roads AlleyAsphaltDedicated Street Roofing Comp ShingleRolled

    Interior Features

    1 Bedroom Unit Avg Sq Ft 720 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 DisposalF/S Oven/RangeMicrowaveRefrigerator Cooling Ceiling Fan(S)Central A/CElectricIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileOther Heating IndividualNatural Gas Interior Amenities Fire/Smoke Alarm(S)UnfurnishedVertical Blinds

    Property Features

    1 Bedroom Unit Avg Rent 1000.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1250.00 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 60340.00 Annual Elec Exp 800.00 Annual Gas Exp 560.00 Annual Ins Exp 900.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1200.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1900.00 Annual Mgmt Exp 2000.00 Annual Other Expense 1600.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 900.00 Annual Wtr Swr Exp 3200.00 Community Amenities Play Area Cross Street 68th St And Osborn Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 57900.00 Hoa YN No Net Operating Income 45699.00 New Financing Conventional Operating Exp 14641.00 Other Income 2440.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 13 - 24 UnitsFour Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Other (See Remarks)Projected ProformaProvided By Owner Special Owner/Agent Tax Municipality Maricopa - County Taxes 1581.00 Tenant Pays Cable TvElectricGas Totl Mnth Rntal Inc 4920.00 Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning R-5

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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 2021-10-27T20:13:50.667.
     
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    Elite Home Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206