Scottsdale, AZ 85251,6638 E CHEERY LYNN Road
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Scottsdale, AZ 85251,6638 E CHEERY LYNN Road
Scottsdale, AZ 85251,6638 E CHEERY LYNN Road
Scottsdale, AZ 85251,6638 E CHEERY LYNN Road
Scottsdale, AZ 85251,6638 E CHEERY LYNN Road
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$ 950,000
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6638 E CHEERY LYNN Road Scottsdale, AZ 85251


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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Holiday Park 2

MLS Listing ID 6971991

Year Built 1960

Annual Tax Amount $1,105

Tax Year 2025

Lot Dimensions 8545

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

This property is a 4-unit mixed-income housing community situated in Old Town Scottsdale. The property was built in 1958 and was later placed in service under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all 4 units to be rented to income qualifying residents earning no more than 50% and 60% of the Area Median Income (AMI) limits, which are provided by The Arizona Department of Housing. The low income restriction is set to expire in July 2027. The property offers a range in unit types with (1) large studio, (1) 1-bed / 1-bath units, and (2) 2-bed / 1-bath units. The studio has the layout ability to be converted into a 1-bed / 1-bath unit. Community amenities include a courtyard space and ample parking.

Location

State AZ

County Maricopa

Community Holiday Park 2

Area Maricopa

Zoning R-5

Interior

Heating Central

Cooling Central Air

Flooring Flooring

Appliance Refrigerator, Free-Standing Electric Oven

Exterior

Parking Features Paved, <1 Space Per Unit

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water Master Meter, City Franchise

New Construction No

Schools

School District Scottsdale Unified District

Others

Senior Community No

Tax ID 130-47-082

Acceptable Financing Conventional

Disclosures None

Listing Terms Conventional


Arizona Regional MLS (ARMLS)
Listed by ABI Multifamily
Mike Domer L

Mike Domer L

Agent | License ID: SA694944000

+1(602) 488-1227

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6638 E CHEERY LYNN Road