Photo 1 of 1
$1,083,333
Sold on 2/01/22
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$1,101 |
1958 |
|
On the market:
122 days
|
View full details, photos, school info, and price history
Welcome to Four on Cherry Lynn. 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 6628 E Avalon also available for $1,150,000 each.
Listing courtesy of Sophia Willets & Michael Gordon, Grace CRE & Grace CRE