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6900 East 1st Ave 2 Unit Apartment Building $1,450,000 ($725,000/Unit) 5.93% Cap Rate Scottsdale, AZ 85251
Investment Highlights
- Two units; Vacation rental; No HOA; Seller Financing at below market interest rate
- Amazing opportunity for savvy investor or owner occupant looking to build long term equity.
Executive Summary
5.99% (6.02% APR) Seller Financing with 20% down payment; 6.50% (6.53% APR) with 10% down payment. Two-unit Vacation Rental property, Townhome with NO HOA, in Old Town Scottsdale directly accross from Hotel Valley Ho. NO HOA = no short term rental restrictions okay. 2021 build, nearly new 4-level townhome in the heart of old town Scottsdale! Level 1: Full studio suite & private bathroom and seperate entrance can be rented separately from main unit or with the main unit depending on guest size; attached garage. Levels 2, 3 and 4 are the main unit. Level 2: Living room, high-end kitchen, half bath & walk-out covered patio. Level 3: Master suite & 2nd bedroom, 2 full baths. Level 4: Wet bar, small game area, large rooftop deck. Use the entire property to generate income or live in the main home & rent out the lower-level studio to offset expenses (short-term vacation rental could cover as much as half your monthly payment). Located across the street just east of the iconic Hotel Valley Ho. Amazing opportunity for savvy investor or owner occupant looking to build long term equity. No HOA. short-term rentals allowed for any duration.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$100,000
|
$49.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$100,000
|
$49.75
|
| Taxes |
$2,000
|
$1.00
|
| Operating Expenses |
$12,000
|
$5.97
|
| Total Expenses |
$14,000
|
$6.97
|
| Net Operating Income |
$86,000
|
$42.79
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $49.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $49.75 |
| Taxes | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $1.00 |
| Operating Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $5.97 |
| Total Expenses | |
|---|---|
| Annual | $14,000 |
| Annual Per SF | $6.97 |
| Net Operating Income | |
|---|---|
| Annual | $86,000 |
| Annual Per SF | $42.79 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Granite Countertops
- Hardwood Floors
- Views
- Deck
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 1 | $7,500 | 1,510 |
| Studios | 1 | $2,500 | 500 |
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Numbers | Total Assessment | $256,841 (2025) | |
| Land Assessment | $0 (2025) | Annual Taxes | $2,000 ($1.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Numbers
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$256,841 (2025)
Annual Taxes
$2,000 ($1.00/SF)
Tax Year
2023
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Contact the Sale Advisor
6900 East 1st Ave