6616 E Avalon Dr., Scottsdale, AZ 85251

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 6622 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