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6847 E 4TH Street, Scottsdale, AZ 85251

$3,600,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,600,000 Last Modified: 8/23/2023

Description

The Capri is a 13-unit, condo-mapped, garden-style apartment community located in Scottsdale, Arizona. Constructed in 1959 with reinforced concrete block, the Capri enjoys all the charm and flair of mid-century modern architecture. The units have undergone modern renovations which include white shaker cabinets, solid surface countertops, stainless-steel appliances, and wood plank vinyl flooring. There are (8) one-bedroom / one-bathroom units, (1) two-bedroom / one-bathroom unit, and (4) two-bedroom / two-bathroom units, all individually metered for electricity. Each unit enjoys walk-out balconies and patios overlooking the community swimming pool and views of Camelback Mountain.

Supplements: Tenant amenities also include a community putting green, patio with BBQ, and covered parking. Capri is in excellent condition with newer air conditioners, roofs, asphalt, water heaters, water lines, and dual pane windows. Located on a quiet cul-de-sac and walking distance from Old Town Scottsdale, Capri offers a perfect location for both short-term visitors and traditional residents. Capri also enjoys proximity to Scottsdale Fashion Square Mall and the Scottsdale Waterfront. Both shopping centers offer a vast selection of high-end stores, boutiques, restaurants, and cafes including Neiman Marcus, Macy's, Juicy Couture, Gucci, P.F. Chang's, Kona Grill, Creamistry, and Press Coffee. Capri is centrally located providing quick access to Phoenix Sky Harbor International Airport, Downtown Phoenix, and Arizona State University in Tempe.

More Information MLS# 6129168

Contract Info

Current Price: $3,600,000 Sold Price: $3,600,000 Status: Closed List Date: 2020-09-08 Ownership: Fee Simple

Location Tax Legal

Map Code/Grid: P37 House Number: 6847 Compass: E Street Name: 4TH St Suffix: Street City/Town Code: Scottsdale State/Province: AZ Zip Code: 85251 Zip4: 5500 Country: USA County Code: Maricopa Subdivision: CAPRI CONDOMINIUM Assessor Number: 130-10-382 Tax Year: 2019

General Property Description

Lot Size Dimensions: unknown Year Built: 1959 Uncvrd Parking Spcs: 3 Total # of Units: 13 # of Buildings: 2 Zoning: R-5 Elementary School District: Scottsdale Unified District High School District: Scottsdale Unified District

Remarks Misc

Cross Street: Scottsdale Rd. & Indian School Rd. Directions: West to Goldwater Blvd. South to 70th Street. South to 4th Street. West to Property. Geo Lat: 33.48963 Geo Lon: -111.93302

Status Change Info

Status Change Date: 2021-01-01 Off Market Date: 2020-09-17 Under Contract Date: 2020-09-16 Close of Escrow Date: 2020-12-31 Sold Price: $3,600,000

Legal Info

Township: 2N Range: 4E Section: 27 Lot Number: 1

Income Expenses

Gross Annual Sch Inc: 237600 Net Operating Income: 187345

1 Bedroom Units

# 1 Bedroom Units: 8 Avg Rent: 1400 Avg SqFt: 687 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 5 Avg Rent: 1720 Avg SqFt: 1000 # Baths: 2

Sold Info

Loan Type: Cash to Loan Loan Years: 30 Payment Type: Fixed Closing Cost Split: Normal - N Buyer Concession $/%: $ Seller Concession $/%: $

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted; Stucco Roofing: Other (See Remarks) Floors: Concrete Sale Includes: Other (See Remarks) Community Amenities: Pool; Golf/Putting Green; Barbecue; Other; See Remarks Exterior Amenities: Landscape Wtr System; Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s) Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Other (See Remarks) Heating: Individual Cooling: Electric; Individual Water: City Franchise Sewer: Sewer - Public Electric: Other (See Remarks) Gas: Other (See Remarks) Parking: Carport Owner Pays: Water; Trash Collection; Landscaping; Pool/Spa Maintenance; Other Tenant Pays: Electric; Cable TV Source of Fincl Data: Provided by Owner Showing Notification Methods: Email Lockbox Type: None New Financing: Conventional; 1031 Exchange; Other (See Remarks) Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: August - 23 - 2023
6847 E 4TH Street, Scottsdale, AZ 85251- MLS# 6129168
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