We are pleased to present for sale a hand-curated residential real estate portfolio consisting of 26 newly-remodeled single family homes that are currently operating as short and long term rental properties in vibrant Phoenix Arizona. With over $3.6M in renovation and remodeling costs, this portfolio has an average dwelling size of 1,925 Sq Ft with all homes fully furnished and supplied. All of the homes were remodeled in 2022 and upon acquisition, the seller deployed the necessary capital to improve the homes, including kitchen and bath remodels, landscaping, pools (where applicable), new roofs, and other improvements as needed. Geographically, 14 homes are located within the City of Tempe, 3 are in Scottsdale, 7 are in the East Valley and 2 are in Glendale.This is a unique offering to purchase a stable portfolio of homes in the exceedingly strong and sought-after Greater Phoenix housing market and its most desired neighborhoods like Scottsdale, Tempe, Glendale and the East Valley, each property boasts close proximity to the most popular points of interest within each geographical location; This offering has immediate cash flow and revenue growth built in. With over 40% of households in Metropolitan Phoenix being renter-occupied, making this a perfect opportunity for short or long term rental models. The in place operations offer continued stability and favorable operational costs.
In recent years, Phoenix and its core neighborhoods have benefited from transformational investment that has dramatically increased the residential population and generated a rich array of restaurants, retail, events and entertainment venues. The surrounding neighborhoods also offer an abundance of history dating back to the development of Metro Phoenix and feature historic landmarks, plentiful hiking trails, architecturally notable buildings, lush resorts and world renowned golf courses.
This is a bulk sale the following parcel's are included - 133-24-020, 129-15-167, 301-47-308, 133-36-059, 132-11-010, 124-60-070, 124-77-077, 124-76-015, 123-47-021, 133-38-155, 133-39-273, 133-36-533, 124-74-123, 175-70-052, 167-08-062, 129-19-014 , 303-30-199, 304-88-551, 509-02-675, 509-94-657, 304-68-470, 314-02-485, 314-02-544, 148-19-231, 231-07-668
Courtesy of North & Co, John Richie
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Data Last Updated: 8:51 AM UTC, 3/20/23.