$399,900

Description

Top-performing Old Town Scottsdale short-term rental. Guest Favorite, Superhost, 4.93 stars with 95% five-star. Averaging $36,485 annual cash flow before financing over the past four years (~9% cash-on-cash return), and consistently the first unit in the complex to book when dates open. The most extensively renovated condo in the building, with over $135,000 invested in a full rebuild including new HVAC, soundproof windows, quartz counters, light wood floors, designer lighting, Crate & Barrel and Pottery Barn furnishings, and 3 TVs including a 75'' in the main living area with a wall-to-wall slider opening to a guest-loved covered patio with custom tilework. True dual-primary layout sleeps six (king plus two queens) with full gut-remodeled en-suite baths and oversized showers. Shared pool Shared pool and hot tub, covered assigned parking at the door, all utilities in HOA, active TPT license. Turnkey on day one of close. Ideal for STR operators, lock-and-leave second home, or 1031 exchange. This is the top-performing STR in the building. Cash flow has averaged $36,485 per year before financing over the past four years, $38,575 across the prior three, and $30,218 in 2025 on just ten months of bookings, roughly 9% cash-on-cash at ask. Guest Favorite, Superhost, 4.93 stars across 74 reviews with 95% five-star, perfect 5.0s on check-in and communication. The building sits on a main Old Town corridor, and that's exactly why it rents. Guests walk to Starbucks or Sprouts across the street and reach the Entertainment District, Fashion Square, and dozens of restaurants in minutes. They rate the location 4.8/5, with 39 reviews calling out location and walkability. In Old Town, walkable beats quiet side-street on both ADR and occupancy. Soundproof windows are installed throughout, and dozens of reviews specifically mention sleep quality. In four years of operation, the nearby road has never impacted revenue. On the build, over $135,000 went into a full rebuild rather than a cosmetic flip. New HVAC, windows, four-panel slider, cabinetry, flooring, lighting, appliances, gut-remodeled kitchen and baths. Quartz counters, light wood floors, designer lighting, oversized island seating six, beverage fridge, 75" TV. Furnishings from Crate & Barrel, Four Hands, and Pottery Barn, not rental-grade. Most extensively renovated unit in the complex, and consistently first to book when dates open. The slider opens to a covered patio with custom tilework that guests mention by name. Layout is true dual-primary (king plus two queens, sleeps six) with Tuft & Needle mattresses, TVs in both bedrooms, and oversized custom showers in fully remodeled baths. Shared pool and hot tub, dedicated workspace, covered parking right in front of the unit, smart-lock self check-in. All utilities in HOA, TPT license active, turnkey at close. Good fit for an STR operator, lock-and-leave second home, or 1031 target.