4-unit garden-style apartment property approx. 1 mile from Old Town Scottsdale's restaurants, galleries, nightlife and boutique shopping. Built in 1959 and rebuilt in 2006 with electrical and plumbing brought up to code, the single-story building sits on a 0.19-acre lot with a uniform mix of (4) 2-bed/1-bath units averaging 675 SF. Units are individually metered for water and electricity. True value-add opportunity: current rents average $1,250/unit and can be pushed toward market (proforma $1,695) through interior/exterior renovations and adding in-unit washers/dryers. Minutes from Scottsdale Stadium, Fashion Square, the Waterfront, Indian Bend Wash Greenbelt, Papago Park and Camelback Mountain, with easy access to ASU SkySong, ASU Tempe and Sky Harbor.
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