6631 E Cheery Lynn Rd., Scottsdale, AZ 85251

6631 E Cheery Lynn Rd., Scottsdale, AZ 85251
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