$1,320,000
Scottsdale, AZ 85251
MLS# 6579296
Status: Pending
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Property Description
Assumable loan at 4.625 % on this remodeled triplex near Old Town Scottsdale. Comprising 3 distinct units, each featuring 2 comfortable bedrooms & 1 Bathroom & private yard. Currently an active Short Term Rental with permit, it's a turnkey operation awaiting your stewardship. Seller may carry- Investors are encouraged to inquire. Conveniently located, a short stroll takes you to the bustling heart of Scottsdale, home to championship golf courses, high-end boutiques, & culinary delights in acclaimed restaurants. The calendar in Scottsdale hosts events like the Waste Management Open, Barrett Jackson Car Auction, & Spring Training Baseball at Scottsdale Stadium. When the sun sets, the city transforms into an exciting playground with an array of clubs and nightlife venues
Details
Maps
Contract Info
Current Price: $1,320,000
List Price: $1,320,000
Status: Pending
List Date: 2023-07-10
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P37
House Number: 7832
Compass: E
Street Name: Heatherbrae
St Suffix: Avenue
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 4177
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 7 VISTA LARGA MCR 007241
Subdivision: VISTA LARGA
Assessor's Map #: 56
Assessor's Parcel #: 7
Add'l Parcels: No
Assessor Number: 173-56-007
Legal: LOT 7 VISTA LARGA MCR 007241
Census Tract: 217204
Tax Municipality: Scottsdale
Taxes: 1190
Tax Year: 2023
Marketing Name: VISTA LARGA
General Property Description
Lot Size Dimensions: 141.36 X 72.04 X 141.35 X 71.75
Year Built: 1959
Total # of Units: 3
# of Buildings: 1
Zoning: R5
Flood Zone: No
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Cross Street: Indian School & 78th St
Directions: From Hayden Road Eastbound on Indian School. Turn Right up 78th street to Heatherbrae Ave. Turn Right onto Heatherbrae & the property is almost at the end of the street on the left. No for sale sign
Geo Lat: 33.497833
Geo Lon: -111.911775
Status Change Info
Status Change Date: 2024-05-05
Off Market Date: 2024-05-05
Under Contract Date: 2024-03-11
Legal Info
Township: 2N
Range: 4E
Section: 23
Lot Number: 7
Income & Expenses
Annual Ins Exp: 1995.93
Annual Maint Exp: 1800
Owner Association: No
Operating Exp: 4985.93
Gross Annual Sch Inc: 64800
Adjusted Gross Inc: 64800
Totl Mnth Rntal Inc: 5400
Net Operating Income: 61418.95
Pmt & Rate Info
Cap Rate: 4.58
Down Payment: 385000
Down Payment %: 25
Monthly Payments: 5124.48
1st Encumbrance: 905250
1st Years Remaining: 28
1st Payment: 5124.48
1st Payment Freq: Monthly
Total Owed: 905250
Equity: 434750
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1800
# Baths: 3
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks)
Payment Includes: Principal; Interest
Community Amenities: No Pool; Other; See Remarks
Exterior Amenities: Desert Landscaping; Cable TV Available; Separate Storage
Interior Amenities: Furnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: Street Parking; Free
Roads/Streets: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electric; Trash; Cable TV; Landscaping
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text
Lockbox Type: Other
Existing 1st Loan: Conventional
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Assume - Qualify
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; Seller May Carry; 1031 Exchange; Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: eXp Realty
Last Updated: May - 05 - 2024
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