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.
- Price:
- $21,300,000
- Year Built:
- 1956
- Listing ID #:
- 6508073
- Street Address:
- 7702 E Thomas Rd
- City:
- Scottsdale
- State:
- Arizona
- Postal Code:
- 85251
- County:
- Maricopa
- Subdivision:
- Cavalier Vista 1
- Listing Status:
- Active
- Listing Type:
- ResidentialMultiFamily
PRESCHOOL-5
550 students
18 student/teacher
6-8
900 students
18 student/teacher
9-12
977 students
18 student/teacher
- Construction Description:
- Block, Frame - Wood, Other (see Remarks)
- Exterior Features:
- Cable Tv Available, Desert Landscaping, Green Landscaping, Other (see Remarks)
- Flooring:
- Carpet, Other, Vinyl, Wood
- Interior Features:
- Furnished
- Number Of Units:
- 26.00
- Siding:
- Other (see Remarks), Painted, Stucco
- Type Of Roof:
- Comp Shingle, Other (see Remarks), Tile
- Year Built:
- 1956
- Adjusted Gross Income:
- 1414860.00
- Net Operating Income:
- 1250000.00
- Operating Expense:
- 221152.00
- Conforms To Zoning:
- Residential
- Community Features:
- Barbecue, Golf/Putting Green, No Pool, Other, Pool, Sport Court
- Included In Sale:
- Land & Building, Laundry Equipment, Other (see Remarks), Personal Property, Pool Equipment
- Terms:
- 1031 Exchange, Conventional, Other (see Remarks)
- Owner Pays:
- See Remarks
- Property Taxes:
- $1,152
- Covered Parking Spaces:
- 26.00
- Parking Description:
- Carport, Garage, Other (see Remarks), Street Parking
- Parking Spaces:
- 52.00
- Appliances:
- Bi Oven/Range, Dishwasher, Disposal, F/S Oven/Range, Microwave, Other (see Remarks), Refrigerator, Washer/Dryer
- Cooling System:
- 2 Or More Units, See Remarks
- Electricity:
- Aps, Other (see Remarks)
- Existing Water:
- City Franchise
- Gas:
- Other (see Remarks), Sw Gas
- Heating:
- Electric, See Remarks
- Sewage Type:
- Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: John Richie 480-843-5101 with NORTH&CO.
