7832 Heatherbrae AveScottsdale, AZ 85251

This meticulously renovated 1959 triplex, located at 7832 E Heatherbrae Ave, Scottsdale, AZ 85251, presents a compelling investment opportunity. Boasting three units totaling 2,858 square feet, this Class B property offers a current NOI of $61,419 and a pro-forma NOI of $97,300, translating to a 4.65% cap rate and a pro-forma cap rate of 7.37%. The asking price is $1,320,000, or $440,000 per unit. Each unit features a thoughtful layout, spacious design, and modern updates completed in 2020 and 2021, including shaker-style cabinets, engineered stone countertops, and stainless steel appliances. The property benefits from a desirable Scottsdale location, close to Old Town, the Arts District, Fashion Square, and numerous parks and outdoor amenities. Currently operating as a short-term vacation rental, the property enjoys 100% occupancy until December, with month-to-month leases thereafter. Tenants are responsible for utilities and repairs under $300. The property sits on a 1-story building with a permitted zoning of M-H-R-5 and features a secluded yard for each unit. While on-site parking is not currently available, ample street parking is readily accessible. This turnkey investment is ideal for those seeking a low-maintenance, high-return property in a thriving Scottsdale market. The property is offered fee simple. The Maricopa County APN is 173-56-007.