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Scottsdale Income Restricted Portfolio 2 Multifamily Properties Offered at $4,200,000 in Scottsdale, AZ
Investment Highlights
- Located in the Arcadia district, known for strong rental demand and infill redevelopment opportunities.
Executive Summary
Positioned near the intersection of major Scottsdale thoroughfares, the property provides quick access to Old Town Scottsdale, offering a rich mix of dining, shopping, and entertainment options. Additionally, proximity to major employers, cultural attractions, and Arizona State University ensures a strong renter pool. With R-5 zoning in place, there may be options for long-term redevelopment or unit upgrades to enhance rental premiums and asset value.
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Property Facts
| Price | $4,200,000 | Status | Active |
| Price / SF | $356.48 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.62% | Total Building Size | 11,782 SF |
| Sale Type | Investment | Total Land Area | 1.20 AC |
| Price | $4,200,000 |
| Price / SF | $356.48 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.62% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,782 SF |
| Total Land Area | 1.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3231 N 66th Pl, Scottsdale, AZ 85251 | Multifamily | 8,950 SF | 1958 | - |
| 6638-6644 E Cheery Lynn Rd, Scottsdale, AZ 85251 | Multifamily | 2,832 SF | 1959 | - |
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