7102 E Oak St, Scottsdale, AZ
Multi-family for Sale - $1,675,000 - 10,222 Sq. Ft. on 1 acres
Property Info
CIMLS# | 970496 |
Location 7102 E Oak St Scottsdale AZ 85257 | |
Updated | December 2nd, 2017 |
Type | Multi-family |
Price | $1,675,000 |
Building | 10,222 Sq. Ft. |
Land | 1 acres |
Property Description
The property was built in 1960 and renovated in 2010-2016. It is constructed of reinforced concrete masonry and stucco with sloped roofs (Replaced in Fall 2010). It is individually metered for electricity and hot water. Residents enjoy units equipped with frost free refrigerators, electric stoves, disposals, 13 out of the 15 units have dishwashers. Roofs and Rooftop A/C , replaced in the Fall of 2010, are individually controlled . Community amenities include a swimming pool, laundry room, covered parking and energy efficient landscaping.
Shopping, restaurants, cultural attractions and nightlife are all located within a close proximity. Increased rent potential is considerable, as comparable surrounding units are leased at rents 20-25% higher than those of the Oakdale Apartments. Further upside for new owner in charging a reimbursement fee for water, sewer and trash ($9,700 annual upside).