7602 E Polk Street, Scottsdale, AZ 85257
Local realty services provided by:CENTURY 21 Arizona Foothills
Listed by: linda s gerchick
Office: gerchick real estate
MLS#:6624681
Source:ARMLS
Price summary
- Price:$7,495,000
About this home
**Investment Opportunity: Three Property Portfolio**
Are you ready to take your real estate investment game to the next level? We're excited to present a unique opportunity to acquire a three-property portfolio that promises both immediate returns and long-term potential. Each property offers its own distinctive charm and investment appeal, making this portfolio a standout choice for savvy investors.
**Property 1: Ethos on Polk -
- Location: 7602 E Polk St, Scottsdale, AZ 85257
- Property Type: Multi-family residential
- Units: Six fully remodeled units
- Lease: NN (double net) lease with short-term rental company
- Monthly Income: $11,000
- Annual Income: $132,000
- Yearly Expenses: $5,417
- Features: Modern design, private patios, storage rooms, *Property 1: Ethos on Polk -
- Location: 7602 E Polk St, Scottsdale, AZ 85257
- Property Type: Multi-family residential
- Units: Six fully remodeled units
- Lease: NN (double net) lease with short-term rental company
- Monthly Income: $11,000
- Annual Income: $132,000
- Yearly Expenses: $5,417
- Features: Modern design, private patios, storage rooms, washer/dryer in each unit
**Property 2: 2122-2124 W Augusta Ave, Phoenix -
- Location: 2122-2124 W Augusta Ave, Phoenix, AZ 85021
- Property Type: Seven-unit apartment building
- Features: Upgraded interior, new windows and doors, renovated kitchen, spacious living areas, private backyards, additional storage rooms
**Property 3: 306-312 E Kinderman Dr, Avondale -
- Location: Downtown Avondale, AZ
- Property Type: Thirteen-unit investment opportunity
- Units: Nine beautifully remodeled, four ready for personal touch
- Highlights: Prime downtown location, value-add potential, stable cash flow, upside potential
**Why Invest in This Portfolio:**
1. **Diverse Income Streams**: This portfolio offers a mix of fully remodeled properties, providing immediate rental income, along with value-add opportunities to increase your returns.
2. **Prime Locations**: From the trendy Old Town Scottsdale to the vibrant heart of downtown Avondale, these properties are strategically located in sought-after areas with access to amenities, dining, and public transportation.
3. **Potential for Growth**: Avondale's real estate market is on the rise, making it an ideal time to invest in this thriving community.
4. **Stable Cash Flow**: With fully occupied units and attractive lease terms, you can count on a consistent and stable cash flow from day one.
5. **Value-Add Opportunity**: Enhance the property's value by remodeling the remaining units in Avondale, unlocking additional rental income potential.
**Important Considerations:**
Buyers are encouraged to conduct their due diligence to verify all facts and figures related to the properties, including lease agreements, rental income, expenses, and renovation costs.
Don't miss this opportunity to secure a three-property portfolio that offers immediate returns and long-term potential. Embark on your journey toward building a robust and rewarding real estate investment portfolio. Your success starts here...
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Home facts
- Year built:1986
- Listing ID #:6624681
- Updated:November 28, 2023 at 08:03 PM
Heating and cooling
- Cooling:Ceiling Fan(s), Heat Pump, Individual Cooling
- Heating:Heat Pump, Individual Heating
Structure and exterior
- Year built:1986
- Construction Materials:Block, Frame - Wood, Painted, Stucco
Utilities
- Water:City Franchise, Master Meter
Finances and disclosures
- Price:$7,495,000
Parking
- Parking description:Free Parking, More Than 1 Parking Space/Unit, Paved Parking
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. ARMLS Member Broker: Floyd ScottNew listings near 7602 E Polk Street
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