3313 N 66TH Place Scottsdale, AZ 85251

Venture on 66th is a completely renovated 8-unit property.
Constructed in 1958 and renovated in 2019-2020, this investment
property is currently operating as a short-term/vacation rental and
comes fully furnished, with future bookings in place. Featuring all
two-bedroom/one-bathroom units, the property offers its residents a
beautiful, updated, and spacious vacation home no matter how short
or long their stay. Some tenants stay for a few days, while others for
months. Given its prime location, the property garners a lot of interest.
In addition to the short-term/vacation rental model, which offers
an owner a higher potential return, Venture on 66th could easily be
converted to and operated as a market-rate apartment community.
Information for this kind of operation has also been Located
in the heart of Old Town Scottsdale and situated on 2 separate
parcels, allowing for 30-year fixed-rate residential financing on
each parcel, Venture on 66th offers tenants quick access to all the
remarkable dining and entertainment options that Old Town Scottsdale
has to offer. Nearby attractions include Spring Training facilities,
Scottsdale Fashion Square, SkySong, Papago Plaza, the McDowell
Corridor (a $500M economic redevelopment), many boutique shops,
bars, restaurants, and entertainment options in and around the Old
Town Scottsdale area. Located southwest of Osborn and 68th Street,
this area is undergoing a very rapid regentrification, with many
apartment communities being renovated. This area is going to continue
to improve and rental and pricing trends should continue to rise. Venture on 66th is one of the first fully renovated properties in this
immediate area to hit the market, indicating that prices and rents are
poised to go higher, so act fast. With interest rates at historic lows,
and 30-year fixed-rate residential financing available (one loan for
each parcel), Venture on 66th is a unique and exceptional opportunity
for investors looking for a turnkey product in a great location.