3208 68Th St Scottsdale, AZ 85251

This exceptional 9-unit apartment building presents a compelling investment opportunity in the heart of Old Town Scottsdale, Arizona. Built in 1958 and renovated in 2017, this property boasts 6,204 square feet across two single-story buildings situated on a 0.46-acre lot. The property features a mix of studio, one-bedroom, and two-bedroom units, reflecting a diverse rental appeal. Recent upgrades include updated landscaping, new flooring and window coverings in several units, and refreshed cabinets and countertops. The property currently enjoys a 78% occupancy rate, generating a pro-forma NOI of $129,035. Located at 3208 N 68th St, Scottsdale, AZ 85251, this property benefits from its prime location in a highly sought-after area, offering proximity to upscale shopping, dining, and entertainment venues. The R-15 zoning allows for flexibility. The asking price is $2,623,500, representing $291,500 per unit and $422.87 per square foot. This presents a unique chance to acquire a well-maintained, value-add property with significant upside potential in a thriving Scottsdale market. The property's mid-century modern architecture, designed by renowned architects, adds to its unique character and appeal. The low density of 20 units per acre contributes to a desirable living environment. This is a rare opportunity to own a piece of Scottsdale's rich history and vibrant future.