Description

The Property has three (3) courtyards, and is surrounded by a quiet, middle class neighborhood. Wall AC units are a negative, and parking is at the back of the property along an alley. All one story, the painted (pink) brick buildings have flat roofs and there is a small swimming pool in the complex. Threre is landscaping along 1st Ave needs which makes the property visually appealing. There are three (3) vacancies as of January 2011.

a. List Price: $ 1,560,000

b. The property shall be conveyed as is where is and only by a deed containing no warranties, express or implied [i.e. quitclaim deed, bargain and sale deed, deed without warranties, etc. (depending on the jurisdiction of the Property)]. Any and all marketing efforts by Agent shall specifically set forth this limitation on the transfer mechanism.

c. Prospective Buyer Tour dates are confirmed for Wed, Feb 9th or Thurs, Feb 10th between 9am and 11am Site tours, rent roll and operating questions are handled though Mary Jacobs, KennedyWilson.

d.) Qualified offers are due by 12 noon, Friday February 18, 2011 to Ross Crowe with copies to Mary Jacobs. KWP.

The subject property is a 24 unit, 6 building complex built in 1962. The location from 7701 to 7707 E 1st Ave., Scottsdale, AZ 85251 is in an urban area near Old Town which is currently seeing a revival of nightlife, restaurants, and new condos and hotels under construction. The Subject is located approximately 6 miles from Arizona State University, 2 miles from Scottsdale Fashion Mall, 2 miles from Scottsdale Healthcare Hospital, and has convenient access to Loop 101 Freeway.