3119 N 67th Place, Scottsdale, AZ 85251 (MLS# 6288060)

3119 N 67th Place, Scottsdale, AZ 85251

$1,130,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,130,000 Last Modified: 5/04/2026

Overview

Description

Welcome to Four on 67th Place! Amazing value add opportunity located in old town Scottsdale. Property has a newer roof and units were updated about 10 years ago. Property has 3 two bedroom one bath room units and 1 one bedroom one bath unit. Tenants rents have not been raised in years. Current rents are 700 to 750. Most are month to month or are expiring end of October. Once fully renovated rents are 1550-1850. Or run as short term rentals. No HOA. Laundry room onsite. All facts and figures are approximate buyer verify MLS information. Buyer drive by only no showings with out accepted offer.

Listing Details MLS# 6288060

Location, Tax & Legal

Map Code/Grid
P37
House Number
3119
Compass
N
Street Name
67th
St Suffix
Place
City/Town Code
Scottsdale
State/Province
AZ
Zip Code
85251
Country
US
County Code
Maricopa
Subdivision
HOLIDAY PARK 2
Assessor Number
130-47-052
Tax Year
2021
Assessor's Map #
47
Assessor's Parcel #
52
Add'l Parcels
No
Tax Municipality
Scottsdale
Taxes
1352
Legal
LOT 8 HOLIDAY PARK 2 MCR 007624
Marketing Name
Four on 67th Place

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
Irr
Year Built
1958
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
2
Zoning
Multi
Elementary School District
Scottsdale Unified District
High School District
Scottsdale Unified District
Elementary School
Other
Jr. High School
Other
High School
Other

Remarks Misc

Cross Street
Thomas & 68th St.
Directions
North on 68th to Cherry Lynn, West to 67th Pl, South to property.

Status Change Info

Off Market Date
2021-11-04
Under Contract Date
2021-10-22
Close of Escrow Date
2021-11-17

Legal Info

Lot Number
8

More Information

Income Expenses

Gross Annual Sch Inc
84000
Net Operating Income
66898

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
1550
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
1800
Avg SqFt
840
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
50000
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes
Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1600
Annual Land Lse Exp
0
Annual Landscape Exp
1200
Annual Legal & Acctg
0
Annual Maint Exp
3000
Annual Mgmt Exp
4200
Annual Trash Exp
1000
Annual Wtr/Swr Exp
1500
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
13852
Other Income
1000
Vacancy Allowance
0.05
Adjusted Gross Inc
80750
Total Monthly Rental Income
7000

Pmt & Rate Info

Cap Rate
6.08
Down Payment
0
Equity
1100000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Electric
Yes

Exterior Amenities

Landscape Water System
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Concrete; Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System Appliances Included: Free-Standing Range; Refrigerator Heating: Natural Gas Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Projected Proforma Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None
IDX
Listing Office: Grace CRE
Last Updated: May - 04 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.