Royal Palms is comprised of 12 individually-metered units built in 1956. The community is just steps from the Entertainment District and a short walk to
Scottsdale Fashion Square, Waterfront, & Southbridge. The units on this property have been maintained with various levels of renovations and improvements over the years under the current owner. There are 8 - one bed / one bath units of 580 square feet, 2 - two bed / two bath units of 850 square feet, and 2 - three bed / two bath unit of 1,250 square feet. All 8 one bedroom units have rental restrictions under the LURA which expires in 2025, the other 4 units on property can be rented at current market rates with no LURA restrictions.
The units on this property have been maintained with various levels of renovations and improvements over the years under the current owner. The current owner has improved the property substantially, including the following capital improvements: Square D electric panels inside the units with digital electric meters outside; new plumbing from street to all water fixtures (PEX); exterior LED security lighting; water efficient, low-flow toilets; gas ranges installed; new landscaping; and new common area washers and dryers. This community includes courtyards, barbeques, a common pool area, and ample uncovered parking.
