7625 E Camelback Rd. #310B, Scottsdale, AZ 85251

7625 E Camelback Rd. #310B, Scottsdale, AZ 85251
Photo 1 of 15
$173,500
Sold on 6/05/18
Beds Baths Sq. Ft. Taxes Built
1 1.00 752 $293 1971
On the market: 60 days
View full details, 15 photos, school info, and price history
One-bedroom furnished renovated luxury condo; profitable income history; central Old Town spot. Operating luxury vacation rental, established profitable rental history. Modern look, quartz counters, porcelain tile, bar, new blinds, luxury bed and furnishings, all new kitchen, bath/shower, recessed lighting, new electronics, quiet secluded top floor. Cash in, winter in Scottsdale, or both! Option for management deal with current managers - keep the great reviews on VRBO. Association dues include year-round utilities. Great heated pool/hot tub heated, BBQ grills, fitness room; walk to Old Town restaurants, shopping, and nightlife. Updated landscaping, new pipes and roof, complex-wide security gates/electronic access system; One-million in Association cash reserves. One-bedroom entirely renovated luxury condo with highly profitable income history in a central Old Town Scottsdale location. Offered as a fully furnished operating luxury vacation rental in this exploding new industry – recently legalized throughout Arizona. Former guests have been, and will want to return -- year after year. Roughly $20,000 earnings in winter high-season alone. Everything renovated in the past two years, quartz counter tops, porcelain tile faux-wood floors, new bar area, new window coverings, luxury bed and furnishings, new kitchen, bath/shower, bathroom fixtures, recessed dimmer lighting throughout, new televisions and electronics with concealed wiring. Located on the third (top) floor to ensure seclusion and quiet. Own this as a luxurious second home for extended winter vacations in the sun, or turn the key and make money tomorrow. Or both: enjoy your vacation time in sunny Scottsdale and make profit when you're away! Experienced professionals who managed this property for the past 24 months are available to make this the perfect passive investment – they can help you keep the dozens of five-star reviews and top search engine results on VRBO/Homeaway. Or as part of buying, have the managers teach you the details of this successful business model that have made this one of the most profitable rental properties in Scottsdale. Modest Association dues include year-round utilities (electricity, cable TV, common area). Fantastic pool and hot tub heated all year, BBQ grills, community center, fitness room, walking access to Old Town restaurants, shopping, and night life. Less than one-half mile from the Scottsdale Fashion Square mall; walk or bike to golf courses, hiking, green belt. Condo Association has recently updated all landscaping, replaced aging pipes, and repaired roofing, added security gates and electronic access/security system; Association has over one-million in reserve for future repairs and expenses.
Listing courtesy of Blaine Jarvis, Gentry Real Estate