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3219-3225 N 66th St 4 Unit Apartment Building $1,700,000 ($425,000/Unit) 3.68% Cap Rate Scottsdale, AZ 85251
EXECUTIVE SUMMARY
Four on 66th Street a fully remolded 4 plex in the heart of Scottsdale. Two one bedroom 2 bedroom 2 bath units, one 1 bedroom with den and
1 one bedroom 1 bath. All units share a large court yard perfect for an Airbnb rental or vacation rental. Property is fully vacant and ready for a business owner to
start making money. Building has new paint stained concert floors updated kitchens and bathrooms. Washer and dryers added to all units. All facts and figures
are approximate buyer verify MLS information.
1 one bedroom 1 bath. All units share a large court yard perfect for an Airbnb rental or vacation rental. Property is fully vacant and ready for a business owner to
start making money. Building has new paint stained concert floors updated kitchens and bathrooms. Washer and dryers added to all units. All facts and figures
are approximate buyer verify MLS information.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$74,016
|
$23.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$74,016
|
$23.10
|
| Taxes |
$1,836
|
$0.57
|
| Operating Expenses |
$9,600
|
$3.00
|
| Total Expenses |
$11,436
|
$3.57
|
| Net Operating Income |
$62,580
|
$19.53
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $74,016 |
| Annual Per SF | $23.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $74,016 |
| Annual Per SF | $23.10 |
| Taxes | |
|---|---|
| Annual | $1,836 |
| Annual Per SF | $0.57 |
| Operating Expenses | |
|---|---|
| Annual | $9,600 |
| Annual Per SF | $3.00 |
| Total Expenses | |
|---|---|
| Annual | $11,436 |
| Annual Per SF | $3.57 |
| Net Operating Income | |
|---|---|
| Annual | $62,580 |
| Annual Per SF | $19.53 |
PROPERTY FACTS
| Price | $1,700,000 | Building Class | C |
| Price Per Unit | $425,000 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 3,204 SF |
| Cap Rate | 3.68% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-5, Scottsdale | ||
| Price | $1,700,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 3.68% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 3,204 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | R-5, Scottsdale |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Heating
- Double Vanities
- Granite Countertops
- Refrigerator
- Range
- Pantry
- Patio
- Window Coverings
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,407 | 526 |
| 2+2 | 2 | $1,677 | 915 |
1 1
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 130-47-015 | Total Assessment | $26,434 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $1,836 ($0.57/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
130-47-015
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$26,434 (2025)
Annual Taxes
$1,836 ($0.57/SF)
Tax Year
2024
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3219-3225 N 66th St
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