6847 E 4TH Street, Scottsdale, AZ 85251 - MLS #6129168

images$3,600,000 images******** Beds

images******** Bath images1959

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Description

The Capri is a 13-unit, condo-mapped, garden-style apartment community located in Scottsdale, Arizona. Constructed in 1959 with reinforced concrete block, the Capri enjoys all the charm and flair of mid-century modern architecture. The units have undergone modern renovations which include white shaker cabinets, solid surface countertops, stainless-steel appliances, and wood plank vinyl flooring. There are (8) one-bedroom / one-bathroom units, (1) two-bedroom / one-bathroom unit, and (4) two-bedroom / two-bathroom units, all individually metered for electricity. Each unit enjoys walk-out balconies and patios overlooking the community swimming pool and views of Camelback Mountain.

Supplements: Tenant amenities also include a community putting green, patio with BBQ, and covered parking. Capri is in excellent condition with newer air conditioners, roofs, asphalt, water heaters, water lines, and dual pane windows. Located on a quiet cul-de-sac and walking distance from Old Town Scottsdale, Capri offers a perfect location for both short-term visitors and traditional residents. Capri also enjoys proximity to Scottsdale Fashion Square Mall and the Scottsdale Waterfront. Both shopping centers offer a vast selection of high-end stores, boutiques, restaurants, and cafes including Neiman Marcus, Macy's, Juicy Couture, Gucci, P.F. Chang's, Kona Grill, Creamistry, and Press Coffee. Capri is centrally located providing quick access to Phoenix Sky Harbor International Airport, Downtown Phoenix, and Arizona State University in Tempe.

Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Other
Floors: Concrete
Sale Includes: Other (See Remarks)
Community Features: Pool; Golf; Barbecue; Other; See Remarks
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Other
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking Features: Carport
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance; Other
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Email
Lockbox Type: None
New Financing: Conventional; 1031 Exchange; Other (See Remarks)
Environmental: Other (See Remarks)
Contract Info
Current Price: $3,600,000
Sold Price: $3,600,000
Status: Closed
List Date: 2020-09-08
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: P37
House Number: 6847
Compass: E
Street Name: 4TH
St Suffix: Street
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85251
Zip4: 5500
County Code: Maricopa
Subdivision: CAPRI CONDOMINIUM
Assessor Number: 130-10-382
Tax Year: 2019
General Property Description
Lot Size Dimensions: unknown
Year Built: 1959
Uncvrd Parking Spcs: 3
Total # of Units: 13
# of Buildings: 2
Zoning: R-5
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks Misc
Cross Street: Scottsdale Rd. & Indian School Rd.
Directions: West to Goldwater Blvd. South to 70th Street. South to 4th Street. West to Property.
Geo Lat: 33.48963
Geo Lon: -111.93302
Status Change Info
Off Market Date: 2020-09-17
Under Contract Date: 2020-09-16
Close of Escrow Date: 2020-12-31
Sold Price: $3,600,000
Legal Info
Township: 2N
Range: 4E
Section: 27
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 237600
Net Operating Income: 187345
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 1400
Avg SqFt: 687
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1720
Avg SqFt: 1000
# Baths: 2
Sold Info
Loan Type: Cash to Loan
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $