As a millennial this (to me) is the ultimate property! I consider the upper two floors as my lavish Penthouse in the ultimate Scottsdale location! And well the 1st floor brings in $60,000 income – can I say tax write off. This property has so many uses, it can be a vacation party pad, penthouse seasonal rental – short term rental – long term rental. You can even host events, etc. Did I mention the location is prime!
#Houseoftheweek is Located at 7020 E 1st AVE, Scottsdale, AZ 85251 far enough from Scottsdale Rd to avoid the noise but close enough to enjoy everything Old Town Scottsdale has to offer. The top 2 floors (Penthouse as I call it) features a loft style open floor plan with three individual bedrooms.
Third floor is nothing but outdoor space! A patio with unbelievable views, a kitchen, sitting are with TV, fireplace, . The 1st floor is LEASED by local favorite Arcadia Farms Marketplace (www.arcadiafarmscafe.com). Acording to the listing agent “Owner is currently in the process of renewing the tenant for an additional 7 years commencing May 1, 2018”. I will assure you if the lease cannot be negotiated, finding a new tenant will not be an issue.
Asking price is $2,475,000 and that is for the whole building – 4,800 sf!
The listing agent is Robert Levine with Civic Center Real Estate