6824 E 2ND Street 207, Scottsdale, AZ 85251, Scottsdale, 85251 - 2 bed, 2 bath
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Scottsdale, AZ 85251
This Mid-Century Value-Add Asset is listed at $300,000, positioned competitively near its $294,029 Fair Market Value. Located in the heart of the Old Town Scottsdale Garden Apartment District, the property currently holds a Poor Condition Rating, signaling a prime opportunity for forced appreciation through interior modernization. Featuring a resort-style pool and lush courtyard view, the unit is perfectly situated for high-demand seasonal or short-term rental use. This boutique community acquisition is an ideal project for Fix-and-Flip Investors or Buy-and-Hold Investors targeting one of Arizona's most resilient rental markets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6824 E 2ND Street 207 Subject | $300,000* List Price | 2 | 2 | 945 | $311 | - |
A 4701 N 68TH Street 144 Sold | $273,500 | 2 | 2 | 1,120 | $244 | 0.9 mi |
B 2935 N 68TH Street 129 Sold | $350,500 | 2 | 2 | 1,109 | $316 | 0.7 mi |
C 6935 E 4TH Street 4 Active | $329,900 List Price | 2 | 2 | 950 | $347 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958, this property is explicitly marketed as a 'value-add' and renovation opportunity for investors. Interior images reveal heavily stained and worn carpeting, dated ceiling fans, and original architectural elements that have not been modernized. The lack of recent updates to major interior components and the listing's emphasis on rehabilitation needs align with the poor condition category.
Situated in the heart of Old Town Scottsdale's Garden Apartment District, the property offers unparalleled walkability to world-class dining, shopping, and nightlife, making it a premier destination for residents and tourists alike.
The property is positioned as an ideal candidate for short-term rental income, seasonal use, or a value-add renovation project, providing multiple exit strategies for savvy investors.
This rare 1958 mid-century community features a resort-style heated pool and lush courtyard, offering a unique architectural character and private oasis atmosphere that distinguishes it from modern cookie-cutter developments.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =997, other record lot size in square feet = 1053. Living area discrepancy between mls listing and other public or private record. mls listing living area = 945, other record living area = 1005.
Marketed as a 'value-add' opportunity, the unit likely requires a substantial capital investment in upgrades and modernization to reach its full market potential and compete with updated units in the area.
The monthly association fee of $466 is relatively high for a 945-square-foot condo, which may compress net operating income for investors or affect monthly affordability for budget-conscious buyers.
Rare Opportunity in Scottsdale Palms - Prime Old Town Location! Located in the highly sought-after Garden Apartment District, this charming mid-century community offers true resort-style living with a lush courtyard, heated pool, and private oasis feel. Unbeatable location just steps from Old Town Scottsdale's top dining, shopping, nightlife, and galleries. Boutique community with timeless character--properties here rarely become available. Ideal for full-time living, seasonal use, or investment. Excellent opportunity for short-term rental income, renovation, or value-add potential--perfect for investors or buyers looking to create equity in one of Scottsdale's most desirable locations.
No exterior & parking available.
Grades 6-8 • 2.3 mi
Grades PK-8 • 2.3 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 945 | 1,161 | 23% |
| Lot Size | 997 | 864.5 | 60% |
| Price | $300.0K | $292.5K | 50% |
| Price per sq ft | $317 | $288 | 59% |
| Built year | 1958 | 1981 | 6% |
| HOA | $466 | $350 | 69% |
| Days on market | 14 | 2556 | 1% |
Apr 8, 2026
$300,000
Initial Listing