Property Listing No Longer Available for Sale

7102 E Oak St, Scottsdale, AZ

Multi-family for Sale - $1,675,000 - 10,222 Sq. Ft. on 1 acres

Property Info

CIMLS #970496
Location7102 E Oak St
Scottsdale AZ 85257
Last UpdatedDecember 1st, 2017
Building10,222 Sq. Ft.
Land1 acres
DemographicsView data

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).