6638 E Cheery Lynn Road

This property is a 4-unit mixed-income housing community situated in Old Town Scottsdale. The property was built in 1958 and was later placed in service under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all 4 units to be rented to income qualifying residents earning no more than 50% and 60% of the Area Median Income (AMI) limits, which are provided by The Arizona Department of Housing. The low income restriction is set to expire in July 2027. The property offers a range in unit types with (1) large studio, (1) 1-bed / 1-bath units, and (2) 2-bed / 1-bath units. The studio has the layout ability to be converted into a 1-bed / 1-bath unit. Community amenities include a courtyard space and ample parking.