Skip To Content

6631 E Cheery Lynn Road

Scottsdale, AZ 85251
  • $1,799,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 6480656
UPDATED: 25 min ago
$1,799,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Ratings & Info

Description

Turn key investment property in the highly sought after area of Old Town Scottsdale. This beautiful 4-plex property has been extensively renovated and remodeled. Just rented to a long term tenant at $9400 a month plus all utilities and maintenance. Unit mix is three 2 bedroom 1 bath and one large 1 bedroom.Over 325k in renovation costs.Brand new permitted electrical panels, new electric throughout, new roof, new windows, paint, complete remodel of the interiors with new shaker cabinets, quartz counters, all new stainless appliances, custom tile, commercial grade LVP flooring, new tankless water heaters in each, washer and dryers, nest thermostats, new plumbing, new paving in parking area, all new landscape including synthetic turf, pavers,landscape lighting, new drip irrigation, and redwood fencing. Rent ranges to 2000-2400 a month. All facts and figures are approximate. Buyer to verify all MLS information. Both owners are licensed Arizona real estate agent and broker.

Monthly Payment Calculator



Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Garcia Group | eXp Realty. Data last updated 2022-12-04T07:22:25.343.
www.beckygarcia.com/homes/134182387
Print Image

6631 E Cheery Lynn Road Scottsdale, AZ 85251

  • Price: $1,799,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 25 min ago
  • MLS #: 6480656
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1958
Built
Neighborhood:
Holiday Park 2
County:
Maricopa
Area:
Scottsdale
Property Description
Turn key investment property in the highly sought after area of Old Town Scottsdale. This beautiful 4-plex property has been extensively renovated and remodeled. Just rented to a long term tenant at $9400 a month plus all utilities and maintenance. Unit mix is three 2 bedroom 1 bath and one large 1 bedroom.Over 325k in renovation costs.Brand new permitted electrical panels, new electric throughout, new roof, new windows, paint, complete remodel of the interiors with new shaker cabinets, quartz counters, all new stainless appliances, custom tile, commercial grade LVP flooring, new tankless water heaters in each, washer and dryers, nest thermostats, new plumbing, new paving in parking area, all new landscape including synthetic turf, pavers,landscape lighting, new drip irrigation, and redwood fencing. Rent ranges to 2000-2400 a month. All facts and figures are approximate. Buyer to verify all MLS information. Both owners are licensed Arizona real estate agent and broker.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Lot Size Dimensions 8281 SF Parking 1 Space/UnitCarportStreet Parking Roads Asphalt Roofing Built-Up

Interior Features

1 Bedroom Unit Avg Sq Ft 650 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 800 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeDisposalMicrowaveRefrigeratorWasher/Dryer Cooling Central A/COtherSee Remarks Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Central

Property Features

1 Bedroom Unit Avg Rent 2200.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 2400.00 2 Bedroom Units 3 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 109416.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1600.00 Annual Land Lse Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 3000.00 Annual Mgmt Exp 4968.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Community Amenities No Pool Cross Street 68th Street & Osborn Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Other (See Remarks) Gross Annual Sch Inc 112800.00 Hoa YN No Net Operating Income 99848.00 New Financing ConventionalNo Carry Operating Exp 10603.00 Other Income 0.00 Other Type Other (See Remarks)Packaged Offering Owner Pays SewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Other (See Remarks)Projected Proforma Special Owner/Agent Tax Municipality Scottsdale Taxes 1035.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 9400.00 Vacancy Allowance 0.03 Water City Franchise Zoning R-5 Residential

Arizona Regional MLS logo Listing provided by Grace Cre: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Garcia Group | eXp Realty. Data last updated 2022-12-04T07:22:25.343.
 
https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_3_6480656-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_3_6480656-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_3_6480656-2.jpg
Logo
The Garcia Group | eXp Realty
16165 N 83 Ave # 200
Peoria AZ, 85382