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Casa Cibola 3202-3208 N 68th St 9 Unit Apartment Building $2,280,000 ($253,333/Unit) Scottsdale, AZ 85251



INVESTMENT HIGHLIGHTS
- Renovations completed in 2 studio units, 1 one-bed/one-bath, and 1 two-bed/one-bath unit
- Updated or refinished cabinets and countertop in select units
- New flooring, window coverings and in-unit washer and dryer installations in select units
- Excellent value-add potential for future rent growth and appreciation
EXECUTIVE SUMMARY
Kidder Mathews is proud to present Casa Cibola, a boutique 9-unit multifamily community in the heart of Old Town Scottsdale
Set within one of Scottsdale’s most historic neighborhoods, Casa Cibola blends historic charm with modern appeal, offering investors a well-located light value-add opportunity supported by strong fundamentals, walkable amenities, and lasting tenant demand.
PROPERTY HIGHLIGHTS
• Studio, one-bedroom, and two-bedroom floor plans with mid-century character
• Renovations completed in 2 studio units, 1 one-bed/one-bath, and 1 two-bed/one-bath unit
• Water-efficient common area landscaping
• New flooring and window coverings in select units
• In-unit washer and dryer installations in select units
• Updated or refinished cabinets and countertops in select units
Set within one of Scottsdale’s most historic neighborhoods, Casa Cibola blends historic charm with modern appeal, offering investors a well-located light value-add opportunity supported by strong fundamentals, walkable amenities, and lasting tenant demand.
PROPERTY HIGHLIGHTS
• Studio, one-bedroom, and two-bedroom floor plans with mid-century character
• Renovations completed in 2 studio units, 1 one-bed/one-bath, and 1 two-bed/one-bath unit
• Water-efficient common area landscaping
• New flooring and window coverings in select units
• In-unit washer and dryer installations in select units
• Updated or refinished cabinets and countertops in select units
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,280,000 | Building Class | C |
| Price Per Unit | $253,333 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 6,204 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low-Rise | Parking Ratio | 1.93/1,000 SF |
| Zoning | R-5, Scottsdale - Residential | ||
| Price | $2,280,000 |
| Price Per Unit | $253,333 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,204 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | R-5, Scottsdale - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Tub/Shower
- Patio
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 472 |
| 1+1 | 2 | - | 500 |
| 2+1 | 4 | - | 760 |
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 130-09-037A | Total Assessment | $34,328 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
130-09-037A
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$34,328 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Casa Cibola | 3202-3208 N 68th St
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