The Cottages on Heatherbrae a Triplex Listing Details & Market Data

7832 E. Heatherbrae Ave., Scottsdale, AZ 85251

  • For Sale $1,350,000
  • Property Type Multi-Family
  • Property Size 2,585 SF
  • Units 3
  • Property Tenancy Single Tenant
  • Year Built 1959
  • Year Renovated 2021
  • Date Updated Mar 7, 2024
Nestled in the heart of Scottsdale, this triplex is in the middle of all the action. This property is ideally located. Just a short distance to the bustling center of Old Town Scottsdale, Arts District, Fashion Square, or Scottsdale Waterfront, Hayden Walking Path, Scottsdale Bike path, and several parks and outdoor venues.This is not the “value-add” property you’re looking for- that job has already been done on this property! Instead, this is a fantastic “buy-it and leave it” opportunity for busy professionals who need to decrease their tax liability while increasing their real estate portfolio. Scottsdale has consistently been one of the favorite “buys” for multi-family investors because of the draw the area has for young professionals, vacationers, celebrities and business development. This property currently has a consistent income stream with very low operating costs, all due to the master tenants' leases that are in place. Currently operating through an arbitrage as a Short-Term Vacation Rental, this property is essentially maintenance free with the tenant paying all utilities, and repairs under $300. Please do not disturb tenant- they won't know anything about the property since they're vacationers- No tours until accepted contract.

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Attachments

Highlights

  • *100% occupied until December with month to month lease after that
  • *Great opportunity for a STR owner operator as the annualized income off of the three units is $97,300.
  • *Recently remodeled
  • *Tenant pays utilities and all repairs under $300.

Contacts

broker

Michelle Pauley

eXp Commercial

(480) 442-2447

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (66)

  • Transit Score ®

    Some Transit (49)

  • Bike Score ®

    Very Bikeable (88)
Powered by Walk Score ®
  • City Scottsdale, AZ
  • Neighborhood Monterey
  • Zip Code 85251
  • Market Phoenix

Points of Interest

  • Center Pkwy/ Washington

    4.60 miles

  • Priest Dr/ Washington

    4.64 miles

  • Marina Heights / Rio Salado Pkwy

    4.89 miles

  • Hayden Ferry / Rio Salado Pkwy

    4.93 miles

  • Tempe Beach Park / Rio Salado Pkwy

    5.03 miles

  • 50th St/ Washington

    5.08 miles

  • 3rd St / Mill Ave

    5.10 miles

  • Mill Ave/ 3rd St

    5.15 miles

  • Veterans Way/ College

    5.16 miles

  • 3rd St / Ash Ave

    5.20 miles

  • QuikTrip

    0.28 miles

  • Shell

    1.21 miles

  • Valero

    1.47 miles

  • Valero

    1.71 miles

  • Circle K

    2.26 miles

  • Shell

    3.20 miles

  • Shell

    3.27 miles

  • Shell

    3.54 miles

  • QuikTrip

    3.61 miles

  • Shell

    3.86 miles

  • One Civic Center Public Parking Lot

    0.54 miles

  • City Hall Public Parking Lot

    0.58 miles

  • Public Parking Lot

    0.60 miles

  • Public Parking Lot

    0.62 miles

  • Scottsdale Police & Court Parking

    0.65 miles

  • Galleria Parking Garage

    0.70 miles

  • City Court Public Parking lot

    0.70 miles

  • Civic Center Library Public Parking Garage

    0.73 miles

  • Center for The Arts Public Parking Garage

    0.78 miles

  • Family Birthing Suites Parking

    0.82 miles

  • Simon's Hot Dogs

    0.66 miles

  • Bottled Blonde

    0.68 miles

  • Julio's Too

    0.71 miles

  • AZ 88

    0.74 miles

  • Social Tap Eatery

    0.74 miles

  • Tommy’s

    0.75 miles

  • Blue Moose

    0.76 miles

  • Giligins

    0.77 miles

  • The Grapevine

    0.77 miles

  • Los Olivos

    0.80 miles

  • Navajo School

    0.82 miles

  • Pima Elementary School

    0.90 miles

  • Scottsdale Artist's School

    1.11 miles

  • Mohave Middle School

    1.60 miles

  • Coronado High School

    1.66 miles

  • Sierra Vista Academy

    1.81 miles

  • SOAR

    1.83 miles

  • Paiute Elementary School

    1.89 miles

  • Hohokam Elementary School

    1.93 miles

  • Scottsdale Community College

    1.95 miles

  • A Nannies

    0.81 miles

  • Kiddie Kampus

    0.93 miles

  • Tutor Time

    3.93 miles

  • Biltmore Bible Day Care Center

    5.72 miles

  • Tiny Tots West

    6.19 miles

  • Valley Child Care & Learning Center

    6.35 miles

  • Today’s Tomorrow Learning Center

    7.21 miles

  • Calvary Christian Preschool & Daycare

    7.27 miles

  • Kids Play Learning Center

    7.39 miles

  • Little Rascals Learning Center

    7.46 miles

Contact Listing Broker

broker

Michelle Pauley

eXp Commercial

(480) 442-2447