The Cottages at Heatherbrae, A Triplex
*100% occupied until December with month to month lease after that
*Great opportunity for a STR owner operator as the annualized income off of the three units is $97,300.
*Recently remodeled
*Tenant pays utilities and all repairs under $300.
Property Description
This is not the “value-add” property you’re looking for- that job has already been done on this property! Instead, this is a fantastic “buy-it and leave it” opportunity for busy professionals who need to decrease their tax liability while increasing their real estate portfolio. Scottsdale has consistently been one of the favorite “buys” for multi-family investors because of the draw the area has for young professionals, vacationers, celebrities and business development. This property currently has a consistent income stream with very low operating costs, all due to the master tenants' leases that are in place. Currently operating through an arbitrage as a Short-Term Vacation Rental, this property is essentially maintenance free with the tenant paying all utilities, and repairs under $300. Please do not disturb tenant- they won't know anything about the property since they're vacationers- No tours until accepted contract.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Multifamily type: | 2-4 Units |
| Price: | $1,350,000 |
| No. of Units: | 3 |
| Cap Rate: | 4.68% |
| Average Occupancy: | 67 |
| Year Built: | 1952 |
| Year Renovated: | 2021 |
| Building Size: | 2,585 Sq ft |
| Lot Size: | 0.23 Sq ft |
| No. of Stories: | 1 |
| APN: | 173-56-007 |
| Zoning Code: | M-H R-5 |
| Buy Side Fee: | 2.5% |
| Opportunity Zone: | No |
| Price per unit: | $450,000 |
| Property Website | Click Here |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Michelle Pauley | 6235269884 | [email protected] |
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