$780,000
$800,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
7015 E WILSHIRE Drive Scottsdale, AZ 85257
Key Details
Sold Price $780,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Old-Town Scottsdale Area
MLS Listing ID 6085872
Sold Date 10/09/20
Year Built 1959
Annual Tax Amount $1,891
Tax Year 2019
Lot Dimensions 134' x 140'+/-
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
RARE INVESTMENT OPPORTUNITY to own a multi-family, fourplex in the heart of Scottsdale, close to old-town, steps from world-class art galleries, old-towns Scottsdale famous cuisine, and in the heart of the Valley's most prominent Nightlife. The building and units are well-kept, and all unit leases are set to expire on or before October. The existing building includes 4-total units, Unit-1 = 2-bed, 1.5-bath, and approx. 1100-SqFt | Unit 2 = 2-bed, 1.0-bath, and approx. 1000-SqFt | Unit 3 = 2-bed, 1.5-bath, and approx. 1100-SqFt | Unit 4 = 3-bed, 2.0-bath, and approx. 1300-SqFt. If the units are remodeled, the long-term rental potential is over $6500.00 per month. If used as an Airbnb/Vacation rental, the rental potential is more immense. No HOA, adjacent to a large park, located. CLICK MORE No HOA, adjacent to a large park, located and right on Scottsdale Rd. and Thomas, within 2-miles of Fashion Square, L-101, L-202, and 5-miles from Tempe Town Lake, ASU, and Tempe Marketplace.
Location
State AZ
County Maricopa
Community Old-Town Scottsdale Area
Area Maricopa
Zoning R-3
Direction Head South on Scottsdale Rd, turn Right onto Virginia Ave, turn Left onto 71st Pl, complex is found on the Left
Interior
Heating Electric
Cooling Electric, 2 or More Units
Flooring Other
Appliance Free-Standing Range, Other, Disposal, Dishwasher
Exterior
Parking Features Free, Assigned, <1 Space Per Unit, Carport
Community Features Other, See Remarks, Barbecue, Play Area, No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water Submetered System, City Franchise
New Construction No
Schools
School District Scottsdale Unified District
Others
Senior Community No
Tax ID 129-05-010-J
Acceptable Financing Other (See Remarks), No Carry, Conventional, 1031 Exchange, FHA, VA Loan
Disclosures Other (See Remarks), Seller Prop Disc Stm
Listing Terms Other (See Remarks), No Carry, Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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