4238 N CRAFTSMAN Court, Scottsdale, AZ 85251

$6,495,000

Property Type: Multiple Dwellings Status: Active

Current Price: $6,495,000 Last Modified: 12/03/2024

Description

Welcome to LUX at Craftsman Ct, this groundbreaking blend of urban sophistication and modern living nestled in the heart of Downtown Scottsdale. This visionary mix-use development seamlessly integrates ground level retail and 6 residential spaces, offering a lifestyle that epitomizes convenience and luxury. Positioned within walking distance of all the premier amenities that make Scottsdale a thriving cultural hub, Lux was designed to elevate your daily experience. Immerse yourself in the vibrant energy of Downtown Scottsdale, where world-class dining, upscale boutiques, art galleries, and entertainment venues await just steps from your doorstep.The property is currently operating as a VRBO hotel and offers an investor the opportunity to capitalize on the high lucrative short term.

Supplements: short term rental market of Scottsdale or capture stability with long term residential leases. This place is a MUST SEE! Call today for more information.

More Information MLS# 6688876

Contract Info

Current Price: $6,495,000 List Price: $6,495,000 Status: Active List Date: 2024-04-09 Ownership: Fee Simple

Location Tax Legal

House Number: 4238 Compass: N Street Name: CRAFTSMAN St Suffix: Court City/Town Code: Scottsdale State/Province: AZ Zip Code: 85251 Zip4: 3202 Country: USA County Code: Maricopa Subdivision: CRAFTSMANS COURT Assessor Number: 173-50-009-A Tax Year: 2023

General Property Description

Lot Size Dimensions: 3,353 sqft Year Built: 1973 Total # of Units: 6 # of Buildings: 1 Zoning: [C-2]

Remarks Misc

Cross Street: Scottsdale Rd and Indian School Rd Directions: Head North on Scottsdale Rd and head west on N 3rd ave to your new place on N Craftsman Court. Geo Lat: 33.49745 Geo Lon: -111.928039

Status Change Info

Status Change Date: 2024-04-09

Legal Info

Township: 2N Range: 4E Section: 22 Lot Number: 10

Income Expenses

Gross Annual Sch Inc: 306766.23 Net Operating Income: 280000

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 1 Avg Rent: 6000 Avg SqFt: 1350 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 4 Avg Rent: 3500 Avg SqFt: 725

2 Bedroom Units

# 2 Bedroom Units: 2 Avg Rent: 5500 Avg SqFt: 1750

Contact Info

List Agent Cell Phn2: 719-821-0292

Property Features

Project Type: 5 - 12 Units Construction: Frame - Wood; Frame - Metal Const - Finish: Painted; Stucco Roofing: Foam Floors: Other Sale Includes: Personal Property; Laundry Equipment Community Amenities: No Pool; See Remarks Exterior Amenities: Other (See Remarks) Interior Amenities: Furnished; Breakfast Bar Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer Cooling: Electric Water: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking: Garage Owner Pays: Water; Electric; Cable TV; See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Provided by Owner Lockbox Type: Other Existing 1st Loan: Conventional New Financing: Cash; VA; Conventional Environmental: Other (See Remarks)

Listing Office: eXp Realty

Last Updated: December - 03 - 2024

4238 N CRAFTSMAN Court, Scottsdale, AZ 85251 (MLS# 6688876)