Scottsdale, Arizona, United States
Garden-Style Apartment Property in Scottsdale with Value-Add Potential
$1,000,000
- 8
- Bedrooms
- 4
- Bathrooms
- Apartment
- Type
- Today
- Listed
The Habio take
This four-unit garden-style apartment property offers a robust investment opportunity with value-add potential. Located just a mile from the vibrant Old Town Scottsdale, residents can enjoy easy access to a rich array of restaurants, galleries, and shopping.
- investment
- walkable
- city
Highlights
- 4-unit rental property
- 1 mile from Old Town Scottsdale
- Value-add potential with increased rental income
- Updated plumbing and electrical systems
- Close to major attractions and amenities
Worth knowing
- Older building structure, originally built in 1959
- Potential renovation costs to achieve proforma rental rates
Good fit for: Ideal for investors looking for multi-family rental opportunities in a desirable location.
Lifestyle scores
- Beach
- 0
- Walkable
- 80
- Remote work
- 70
- Family
- 60
- Retirement
- 65
- Airport access
- 75
- Investment
- 85
- Luxury
- 50
- Value
- 70
About this place
This garden-style apartment property consists of four units, each featuring two bedrooms and one bathroom, with an average size of 675 square feet per unit. The single-story building, originally constructed in 1959 and fully rebuilt in 2006, has had all electrical and plumbing systems updated to current code standards. Situated on a 0.19-acre lot, the property offers a uniform mix of rental units that are individually metered for water and electricity.
Currently, the units are rented at an average of $1,250 each, but there exists a significant value-add opportunity. By implementing interior and exterior renovations and adding in-unit washers and dryers, the proforma rents could increase to approximately $1,695 per unit. The property is conveniently located minutes from key attractions including Scottsdale Stadium, Fashion Square, and the stunning natural surroundings of Indian Bend Wash Greenbelt and Camelback Mountain, while also providing easy access to ASU SkySong and Sky Harbor Airport.
Where you’ll be
Scottsdale, Arizona, United States
Exact location is confirmed by the agent on enquiry.
Buying property in United States
Buying property in the United States involves engaging a real estate agent, making an offer, and completing several legal and financial steps. Additional costs include legal fees, title insurance, and possibly state-specific transfer taxes, which should be budgeted in addition to the price.
Real estate laws and regulations can vary significantly by state and locality, which affects documents and costs.
For accurate and up-to-date advice, consulting with local legal professionals and real estate experts is recommended.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser.
