8537 E Avalon Dr., Scottsdale, AZ 85251

8537 E Avalon Dr., Scottsdale, AZ 85251
Photo 1 of 1
$243,000
Sold on 10/11/16
Beds Baths Sq. Ft. Taxes Built
2 2.00 1,191 $1,189 1961
On the market: 22 days
View full details, 15 photos, school info, and price history
Incredible Location in Old Town Scottsdale with a brand new lifetime roof and a newer ac/heating unit which is under warranty. This House has been beautifully remodeled top to bottom with quality materials. No carpeting; just high end tile and plank cherry wood engineered flooring. Even the popcorn ceilings have been removed throughout. Top of the line washer and steam dryer laundry units and upscale appliances throughout. Huge fully fenced In back yard is part of the extra large Lot. Perhaps add a bedroom or two and enclose the patio. Maybe even detail your very own custom backyard Oasis. This house has ample room to grow as many property values in this neighborhood exceed 500k As a turnkey investment opportunity, this property has produced over $20,000 in revenue in its first 8 and a half months since first being listed on the Airbnb service platform. Since then, the property has accrued great reviews on Airbnb and it's now earning even an even higher amount revenue and is projecting to gross nearly $36,000 over the next 12 month period. Current turnkey capitalization rate of over 11% at listing price valuation (net profit averages $2,390 per month on). Rental numbers are easily verifiable as all rentals have been paid out directly through the Airbnb service. Expenses are quite minimal as there is no HOA.
Listing courtesy of Jon Sherwood, Crossroads Brokerage