Scottsdale Office Condos (Zoned C-3) - 7% CAP Rate (Scottsdale)
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2 Scottsdale Office Condos Zoned C-3, for sale by owner.
500 Sq. ft. each
Both are rented.
7% cap rate
Must purchase both for $250k total.
Complex has some deferred maintenance, as the focus is on keeping association expenses really low, but the units are very easy to rent and keep occupied, and both units have great tenants.
Outstanding Location in the McDowell Corridor, close to SkySong and ASU.
Location is in an Opportunity Zone, which has tax advantages.