$1,250,000
SOLD FEB 12, 2025
-- Bed
-- Bath
2,548 Sq Ft
8,364 Sq Ft Lot

Recently Sold

$491 Per Sq Ft

2 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available

About This Home

As of February 2025

Amazing investment opportunity located in Old Town Scottsdale! This fully remodeled 4 plex features all 2 bed 1 bath units which are fully occupied. Complete with covered parking in the back of the property, this is a plug and play opportunity for any investor looking to add to their portfolio!

(2024 financials available)

Last Agent to Sell the Property

Jared Shahon

Compass License #SA686695000

Compass

Last Buyer's Agent

Jed Gray

Real Broker License #SA630746000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,427

Year Built

  • Built in 1955

Home Design

  • Block Exterior

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Vinyl Flooring
  • Property fronts an alley

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number 130-15-064

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0.192 acres / 8,361 sqft
  • Western Villa Subdivision

Building Details

  • Operating Expense $1,427
  • Gross Income $72,213
  • Net Operating Income $49,110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,427

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: 68th St. & Osborn
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-7
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2024
  • Directions: East on Thomas, North on 68th St, property is on the corner of Avalon & 68th St.
  • Road Frontage Type: Alley
  • Road Surface Type: Dedicated Street
  • Subdivision Name: WESTERN VILLA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Appraisal
  • Construction Type: Painted, Block
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Schools

  • Junior High Dist: Scottsdale Unified District

Lot Info

  • Lot Size: 0.192 acres / 8,361 sqft
  • Additional Parcels: No
  • Parcel #: 130-15-064

Multi Family

  • Owner Pays: See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Gross Income: 72213.46
  • Property Net Operating Income: 49110.45
  • Annual Operating Expense: 1427.0

Tax Info

  • Tax Annual Amount: 1427.0
  • Tax Book Number: 130.00
  • Tax Lot: 56

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 Sold $1,250,000 0.0% $491 / Sq Ft
01/13/2025 01/13/25 For Sale $1,250,000 -- $491 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,427 $20,902 -- --
2024 $1,407 $19,907 -- --
2023 $1,407 $68,110 $13,620 $54,490
2022 $1,338 $46,980 $9,390 $37,590
2021 $1,423 $40,330 $8,060 $32,270
2020 $1,411 $33,250 $6,650 $26,600
2019 $1,368 $29,120 $5,820 $23,300
2018 $1,325 $23,530 $4,700 $18,830
2017 $1,268 $22,970 $4,590 $18,380
2016 $1,239 $20,250 $4,050 $16,200
2015 $1,187 $16,430 $3,280 $13,150
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $750,000 New Conventional
Previous Owner $390,000 Adjustable Rate Mortgage/ARM
Previous Owner $390,000 Adjustable Rate Mortgage/ARM
Previous Owner $322,500 New Conventional
Previous Owner $112,000 New Conventional
Previous Owner $280,000 Unknown
Previous Owner $80,000 Stand Alone Second
Previous Owner $210,000 New Conventional
Previous Owner $65,000 Unknown
Closed $75,000 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,261,362 Security Title Agency
Special Warranty Deed $888,000 Thomas Title & Escrow
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Thomas Title And Escrow Agen
Special Warranty Deed $430,000 Thomas Title & Escrow
Interfamily Deed Transfer -- Thomas Title And Escrow Agen
Interfamily Deed Transfer -- Grand Canyon Title Agency In
Interfamily Deed Transfer -- Fidelity National Title
Cash Sale Deed $325,000 Fidelity National Title
Cash Sale Deed $300,629 Fidelity National Title
Interfamily Deed Transfer -- Transnation Title Ins Co
Quit Claim Deed -- Transnation Title Ins Co
Warranty Deed -- --
Warranty Deed $300,000 Capital Title Agency Inc
Warranty Deed $125,000 Chicago Title Insurance Co
Interfamily Deed Transfer -- Chicago Title Insurance Co
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6804284

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-15-064