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14602973
14602974

4238 N Craftsman Ct, Scottsdale, AZ 85251

TM
AZ AZ SA641020000
LevRose Commercial Real Estate
BM
AZ SA689708000
LevRose Commercial Real Estate
DD
AZ SA556961000
LevRose Commercial Real Estate
Listed by LevRose Commercial Real Estate
$4,190,000
880 days on market
Updated 24 days ago
Opportunity zone

Lux at Craftsman Court

Details
APN 173-50-009A
Property Type Mixed Use, Multifamily (+1)
Sub Type Storefront
Square Footage 7,825
Units 6
Cap Rate 5.81%
NOI $243,249
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 5
Lease Expiration 02/28/2030
Remaining Term 3.7
Rent Bumps Yes
Lease Options yes
Pro-Forma Cap Rate 6.21%
Pro-Forma NOI $260,179
Price per SqFt $535
Broker Co-Op Yes
Class A
Year Built 2022
Stories 3
Lot Size (SqFt) 3,354
Zoning C-2
Parking Spaces 4 spaces
Parking Per SqFt 0.51
Investment Type Stabilized
Lease Commencement 03/01/2025
Occupancy Date 01/01/2025

Rare Mix-Use Opportunity | Old Town Scottsdale Investment |

Marketing description

Introducing 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 STR’s and offers an investor the opportunity to capitalize on the high lucrative short term rental market of Scottsdale or capture stability with long term residential leases.

Investment highlights

  • Unparalleled opportunity to purchase a premier mix use residential/retail building located in The Heart of Old Town Scottsdale.

  • Located just down the street from the Valley HO hotel, Scottsdale Stadium, Fashion Square Mall, and the Kimsey Project.

  • Exceptional Old Town Scottsdale location and within walking distance to countless retail and restaurant amenities.

  • High end finishes throughout the property with walkout balconies on the east facing units.

  • Opportunity Zone ( Defer, Reduce, Eliminate Capital Gains)

Listing Contacts

TM
AZ AZ SA641020000
LevRose Commercial Real Estate
BM
AZ SA689708000
LevRose Commercial Real Estate
DD
AZ SA556961000
LevRose Commercial Real Estate
Listed by LevRose Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$243,249.00
$20,270.75/mo

Valuation Metrics

0
DSCR
5.81%
Cap Rate
5.81%
ROI

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Additional Information

Name
Trenton McCullough, CCIM
License
AZ SA641020000
Brokerage
LeVrose Real Estate
Brokerage Phone
4802946582
Title
AZ
Brokerage Address
4414 North Civic Center Plaza
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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