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Listing Details

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School Information

Elementary School
Middle School
High School

Description

Bulk Sale, priced at $7m. Five contiguous 4-plex's, priced at $1.4m 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. 3.3 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.R5 zoning and 1.79 ''gross acres'' provides unique redevelopment opportunity. Please note, sold ''As Is'', waive appraisal, and non refundable deposit, no contingencies. Sale is contingent upon the simultaneous closing of 4 other adjacent four plex style buildings: 6635(MLS#6290798), 6701, (MLS#6290799)6709(MLS#6290802), & 6715(MLS#6290801) E. Avalon Drive

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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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-09-16T17:14:01.497.
www.yosthomes.com/homes/121249092
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6641 E Avalon Drive Scottsdale, AZ 85251

  • Price: $1,400,000
  • Status: Active
  • Updated: 70 min ago
  • MLS #: 6290805
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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 $7m. Five contiguous 4-plex's, priced at $1.4m 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. 3.3 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.R5 zoning and 1.79 ''gross acres'' provides unique redevelopment opportunity. Please note, sold ''As Is'', waive appraisal, and non refundable deposit, no contingencies. Sale is contingent upon the simultaneous closing of 4 other adjacent four plex style buildings: 6635(MLS#6290798), 6701, (MLS#6290799)6709(MLS#6290802), & 6715(MLS#6290801) E. Avalon Drive
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 4.00 Exterior Amenities FencedLandscape Wtr SystemSeparate 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 Tile 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 61450.00 Annual Elec Exp 800.00 Annual Gas Exp 350.00 Annual Ins Exp 912.00 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 2000.00 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 & Osborn Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 59000.00 Hoa YN No Net Operating Income 46607.00 New Financing Conventional Operating Exp 14843.00 Other Income 2450.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 13 - 24 UnitsFour Plex Sale Includes Land & BuildingPersonal Property Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Special Owner/Agent Tax Municipality Maricopa - County Taxes 1581.00 Tenant Pays Cable TvElectricGas Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning R-5

Listing courtesy of Homesmart.


© 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-09-16T17:14:01.497.
 
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Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122