The Property
This is truly a NN Lease from a Short term Rental Company. ALL you pay is insurance and property taxes. Property is leased for two years with rental increase in year two.
Drive by only as itis fully occupied with monthly rents of $11,000 meaning an annual number of $132,000. Current Yearly expenses are $5,296.
Ethos of Polk-completely remodeled 6 units near Old Town Scottsdale. Absolutely all of the right modern touches for today’s tenants. From the tile backspashes to the new dual pane windows to the smooth stucco finish, even the neighbors refer to this as the new building on the block.
Buyer to verify all facts and figures.
Check out the virtual tour!
Location
This property is located on the southeast part of Old Town Scottsdale.
Take one look at Old Town Scottsdale and it’s easy to see what makes the vibrant heart of this city so original. Nestled within nine walkable neighborhoods you’ll find a unique collection of shops, restaurants, art galleries and nightclubs, as well as contemporary public art installations, world-class museums and historic sites from the late 1880s. It’s this effortless blend of urban chic and Old West charm that gives Scottsdale’s downtown it’s one-of- a-kind flair and makes it a can’t-miss stop on any Scottsdale itinerary!
Sale Price
Effective Rental Income
Operating Expenses
Net Operating Income
Cap Rate
Offering Memorandum
Check out the one page flyer!
The offering memorandum is coming
Property Photos-Check it out!
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