Venture on 66th
8 Unit-AirBnB near Old Town Scottsdale
12%
PREFERRED RETURN
$1,000
MINIMUM INVESTMENT
2 Yrs
HOLD PERIOD
$550,000
MAX RAISE
Project Overview
Venture on 66th is an 8 unit property a short distance from Old Town Scottsdale. This area continues to be a coveted destination for high-end shopping, restaurants, art galleries, nightlife, and major community events, both for out of town tourists as well as area residents. We plan to perform a transformative renovation to the property and then furnish each unit with contemporary and well designed linens and textiles. We intend to manage the property as an Airbnb or short term vacation rental (although it is also suitable as a traditional apartment property.)
Project Breakdown
Neighborhood Overview
Opportunity in Rents as Airbnb property
Opportunity in Rents as Airbnb property
Nearby Development/Redevelopment Activity
Nearby Development/Redevelopment Activity
Key Highlights
- Highly Desirable Location near Old Town Scottsdale: Close to events, restaurants, shopping, art galleries and other activities
- Opportunity for passive investment into Airbnb project
- Current rents 43% below renovated comparable rents in neighborhood
- Close to significant development in the McDowell Corridor and neighborhood is currently seeing many renovations
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Investment Details
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Direct Payment via ACH is a transfer of funds from (or to) a bank account for the purposes of making a payment.
I (we) hereby authorize the escrow agent (“Escrow Agent”), to electronically initiate credit and debit entries to my (our) account at the financial institution listed below (hereinafter “Bank”), and, if necessary, initiate adjustments for any transactions credited/debited in error.
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First transaction will occur on or after 04/27/2025
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