3219 67Th Pl Scottsdale, AZ 85251
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 3219 67Th Pl
- Year built
- 1958
- Property type
- Commercial real estate
Description
This exceptional Class A, stabilized multifamily investment opportunity presents a 15-unit apartment building in Scottsdale, Arizona. Located at 3219 N 67th Pl, 85251, this property boasts 11,600 square feet of net rentable space across four single-story buildings, built in 1958 and extensively renovated in 2023. The $750,000+ renovation included modern upgrades to all 15 units, featuring white shaker cabinets, quartz countertops, stainless steel appliances, waterproof wood plank flooring, updated bathrooms, and new lighting and fixtures. Exterior improvements transformed the courtyard with a new grass area, gazebo, BBQ grill, landscaping, and a vibrant mural. Each unit features either a private patio or yard with architectural block wall fencing and wrought iron gates. The property currently enjoys 100% occupancy, generating a Pro-Forma NOI of $242,619 and a Pro-Forma Cap Rate of 5.65%, with an asking price of $4,295,000 ($286,333 per unit). Its prime location offers easy access to Old Town Scottsdale's vibrant dining, shopping, and cultural attractions, including the Art District, Scottsdale Fashion Square Mall, and numerous restaurants. This is a turnkey investment with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Scottsdale
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.93572017335
- Latitude
- 33.485265210262
