$1,195,000
Scottsdale, AZ 85251
MLS# 7038384
1 / 17
Property Description
Investment Property special! Excellent fully occupied Multifamily 4-Plex opportunity in the most desirable rental market in Scottsdale! Unit mix consists of #1: 1 bed 1 bath unit (which can easily be converted into a 2 bed 1 bath), and #3: 2 bed 1 bath. All units have a private patio, unit B has 2 private patios. Community Laundry generates $250 monthly on average is also included in this income producing property. Located in the heart of Scottsdale, close Fashion Square, Old Town, Commuter highways, A-rated schools and more.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,195,000
List Price: $1,195,000
Status: Active
List Date: 2026-06-06
Location, Tax & Legal
Unit #: 1-4
Assessor's Map #: 47
Legal Description (Abbrev): HOLIDAY PARK 2
Assessor's Parcel #: 45
Add'l Parcels: No
Tax Municipality: Scottsdale
Census Tract: 217501
Taxes: 1377
Legal: 27 2N 4E, Holiday Park 2,
19/005
Marketing Name: Scottsdale 4-Plex
House Number: 3108
Compass: N
Street Name: 68TH
St Suffix: Street
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 6860
Country: US
County Code: Maricopa
Subdivision: HOLIDAY PARK 2
Assessor Number: 130-47-045
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 108' x 79'
Total # of Units: 4
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Elementary School: Cherokee Elementary School
Jr. High School: Cocopah Middle School
High School: Arcadia High School
Year Built: 1958
Zoning: R-5
Legal Info
Range: 4E
Section: 27
Township: 2N
Lot Number: 1
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Rolled: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Operating Exp: 1377
Other Income: 3000
Vacancy Allowance: 0.03
Adjusted Gross Inc: 84390
Pmt & Rate Info
Cap Rate: 5.63
Equity: 1195000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
Exterior Amenities
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
Alley: 1
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Unknown: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Assigned: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-448-9110
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1800
Avg SqFt: 720
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 2200
Avg SqFt: 790
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Thomas Rd & N 68th St
Geo Lat: 33.483506
Geo Lon: -111.935047
Income Expenses
Gross Annual Sch Inc: 84000
Net Operating Income: 67236
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Cable TV Available; Sidewalk(s); Patio/Balcony
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Heating: Natural Gas; Heat Pump
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: Assigned; Paved
Road Access Type: Alley; Dedicated Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Unknown
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: XCD Realty & Property Mgmt
Last Updated: June - 06 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.