For more information on this property, contact Michael Bohlman at 480-797-3800 or mbohlman@outlook.com

3114 N 68TH Street
Scottsdale, Arizona AZ 85251-6839
Sold For: $735,000
Listing ID 6449163
Status Closed
Year Built 1958

Property Description:

Location! Location! Location! Multifamily 4-Plex opportunity, excellent long term or Airbnb/VRBO investment opportunity in the most desirable rental market in Scottsdale! Just a few blocks away from Old Town Scottsdale, Scottsdale Fashion Square, and Scottsdale Stadium home of the SF Giants Spring Training. Demo has been completed and all units can be configured to your desired 2 bed 1 bathroom living spaces. Each unit has a private patio. Property has 3 storage rooms that can be used for expansion for more livable space. Comparable remodeled units in the immediate area are being leased up to $2,000 per month. This property has the potential to produce $8,000 monthly gross income, $96,000 annual gross income.

Primary Features

County: Maricopa
Property Type: Multiple Dwellings
Subdivision: HOLIDAY PARK 2
Year Built: 1958
Zoning: R-5

Interior

1 Bedroom Units # Baths: 1
1 Bedroom Units Avg SqFt: 720
2 Bedroom Units # Baths: 1
2 Bedroom Units Avg SqFt: 790
Cooling: yes
Flooring: Concrete

Location

Community Features: No Pool
Country: US
Directions: Head north on N 68th St. Home will be on the left just passed the Circle K.
Elementary School: Hopi Elementary School
Elementary School District: Scottsdale Unified District
General Property Description Elementary School: Hopi Elementary School
General Property Description Elementary School District2: Scottsdale Unified District
General Property Description High School: Arcadia High School
General Property Description High School District: Scottsdale Unified District
General Property Description Jr High School: Ingleside Middle School
High School: Arcadia High School
High School District: Scottsdale Unified District
Middle Or Junior School: Ingleside Middle School
Postal City: Scottsdale
Township: 2N
Water Source: City Franchise, Master Meter

External

Attached Garage: no
Construction Materials: Painted, Block
Electric: APS, Individual Meter
General Property Description # of Buildings: 1
General Property Description Lot Size Dimensions: 108' x 78'
General Property Description Total # of Units: 4
General Property Description Uncvrd Parking Spcs: 5
Lot Size Dimensions: 108' x 78'
Number Of Buildings: 1
Number Of Units Total: 4
Open Parking Spaces: 5
Parking Assigned: 1
Parking Features: Paved Parking, Assigned
Parking Total: 5
Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s), Alley
Roof: See Remarks, Rolled/Hot Mop
Sewer: Public Sewer

Additional

Mls Status: Closed
Public Survey Range: 4E
Public Survey Section: 27

Financial

1 Bedroom Units Avg Rent: 1613
2 Bedroom Units Avg Rent: 1914
Disclosures: None
Listing Terms: Other (See Remarks), 1031 Exchange
Operating Expense: 1312
Owner Pays: Other, Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount: 1312
Tax Book Number: 130.00
Tax Lot: 2
Tax Year: 2021
Tenant Pays: Gas, Electricity, Cable TV

Zoning Info


Contact - Listing ID 6449163

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Michael Bohlman

2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800

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