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6624681 MLS
**Investment Opportunity: Three Property Portfolio** Are you ready to take your real estate investment game to the next level? We're excited to present a unique opportunity to acquire a three-property portfolio that promises both immediate returns and long-term potential. Each property offers its own distinctive charm and investment appeal, making this portfolio a standout choice for savvy investors.**Property 1: Ethos on Polk -- Location: 7602 E Polk St, Scottsdale, AZ 85257- Property Type: Multi-family residential- Units: Six fully remodeled units- Lease: NN (double net) lease with short-term rental company- Monthly Income: $11,000- Annual Income: $132,000- Yearly Expenses: $5,417- Features: Modern design, private patios, storage rooms, *Property 1: Ethos on Polk - - Location: 7602 E Polk St, Scottsdale, AZ 85257 - Property Type: Multi-family residential - Units: Six fully remodeled units - Lease: NN (double net) lease with short-term rental company - Monthly Income: $11,000 - Annual Income: $132,000 - Yearly Expenses: $5,417 - Features: Modern design, private patios, storage rooms, washer/dryer in each unit **Property 2: 2122-2124 W Augusta Ave, Phoenix - - Location: 2122-2124 W Augusta Ave, Phoenix, AZ 85021 - Property Type: Seven-unit apartment building - Features: Upgraded interior, new windows and doors, renovated kitchen, spacious living areas, private backyards, additional storage rooms **Property 3: 306-312 E Kinderman Dr, Avondale - - Location: Downtown Avondale, AZ - Property Type: Thirteen-unit investment opportunity - Units: Nine beautifully remodeled, four ready for personal touch - Highlights: Prime downtown location, value-add potential, stable cash flow, upside potential **Why Invest in This Portfolio:** 1. **Diverse Income Streams**: This portfolio offers a mix of fully remodeled properties, providing immediate rental income, along with value-add opportunities to increase your returns. 2. **Prime Locations**: From the trendy Old Town Scottsdale to the vibrant heart of downtown Avondale, these properties are strategically located in sought-after areas with access to amenities, dining, and public transportation. 3. **Potential for Growth**: Avondale's real estate market is on the rise, making it an ideal time to invest in this thriving community. 4. **Stable Cash Flow**: With fully occupied units and attractive lease terms, you can count on a consistent and stable cash flow from day one. 5. **Value-Add Opportunity**: Enhance the property's value by remodeling the remaining units in Avondale, unlocking additional rental income potential. **Important Considerations:** Buyers are encouraged to conduct their due diligence to verify all facts and figures related to the properties, including lease agreements, rental income, expenses, and renovation costs. Don't miss this opportunity to secure a three-property portfolio that offers immediate returns and long-term potential. Embark on your journey toward building a robust and rewarding real estate investment portfolio. Your success starts here

7602 E Polk Street, Scottsdale

6502601 MLS
Ethos on Polk is a remodeled property consisting of six units located near Old Town Scottsdale. The property has four two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units. Each unit comes with a private patio and a storage room, as well as a new stackable washer and dryer.The property is under a NN (triple net) lease from a short-term rental company, which means that the tenant is responsible for all expenses related to the property, except for insurance and property taxes. The lease is for Three years, with a rental increase of 5% /per year and the lease was executed in April of 2023The property is fully occupied, with a monthly rental income of $11,000 and an annual income of $132,000. The current yearly expenses for the property are $5,417. including tile backsplashes, dual-pane windows, and a smooth stucco finish. The property is highly regarded by neighbors and considered the "new building on the block." It's important to note that the buyer should verify all facts and figures related to the property, including the lease agreement and rental income. Ethos on Polk is located at 7602 E Polk St in Scottsdale, Arizona. The property falls under the R-5 zoning, which allows for multi-family residential use. The property size is 4,140 square feet, and the land size is 11,021 square feet. The property is located in the postal/zip code area 85257. There is one building on the property, which contains the six remodeled units described earlier. The parcel number for the property is 131-15-001-Y. This property is located on the southeast part of Old Town Scottsdale. Old Town Scottsdale is a charming and historic district located in the heart of Scottsdale, Arizona. This area is known for its vibrant culture, unique shopping experiences, and stunning architecture. One of the highlights of Old Town Scottsdale is the famous art walks that take place every Thursday evening. During these art walks, visitors can peruse a wide variety of art galleries and studios while enjoying live music and street performances. It is a great way to experience the local art scene and connect with the community. Apart from the art walks, Old Town Scottsdale also offers a diverse employment base. The area is home to many small businesses, restaurants, and art galleries, providing a variety of job opportunities. Many of these businesses are locally owned and operated, creating a strong sense of community and supporting the local economy. With its charming streets and bustling atmosphere, Old Town Scottsdale is a popular destination for tourists, making it a hub for the hospitality and tourism industries. In addition to its employment base, Old Town Scottsdale is known for its distinctive architecture. The area boasts a mix of historic buildings, modern structures, and unique art installations. This blend of old and new creates a unique visual landscape that is both charming and exciting. Visitors can take a stroll down the streets of Old Town and admire the architecture, or stop by one of the many art galleries to view the work of local artists. Old Town Scottsdale is also home to a variety of annual events and festivals. These events draw visitors from around the world and showcase the rich culture and history of the area. From the Scottsdale Arabian Horse Show to the Scottsdale Arts Festival, there is always something exciting happening in Old Town. These events provide a unique opportunity for visitors to experience the vibrant culture of the area and connect with the community. Overall, Old Town Scottsdale is a vibrant and exciting district that offers a unique blend of art, culture, and employment opportunities. With its charming streets, diverse architecture, and lively atmosphere, it is no wonder that this area has become a popular destination for tourists and locals alike. Whether you are looking for a fun night out, a new job opportunity, or simply a chance to experience the rich culture of the area, Old Town Scottsdale has something for everyone.

7602 E Polk Street, Scottsdale

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