Turn key investment portfolio in the highly sought after Southeast Valley of Phoenix which includes the neighborhoods of Chandler and Queen Creek. Offering 7 hand curated and exceptional short term rental properties that have over $1M in renovation and remodeling costs. This is a unique offering to purchase a stable portfolio of homes in the exceedingly strong and sought-after Phoenix housing market and some of its most desired neighborhoods. This offering has immediate cash flow and revenue growth built in. With over 40% of households in Metropolitan Phoenix being renter-occupied, this a perfect opportunity for short or long term rental operations. The in place operations offer continued stability and favorable operational costs.
- Price:
- $6,277,000
- Year Built:
- 1996
- Listing ID #:
- 6508683
- Street Address:
- 2260 E Wildhorse Pl
- City:
- Chandler
- State:
- Arizona
- Postal Code:
- 85286
- County:
- Maricopa
- Subdivision:
- Pecos Aldea Unit 7
- Listing Status:
- Active
- Listing Type:
- ResidentialMultiFamily
- Construction Description:
- Block, Other (see Remarks)
- Flooring:
- Carpet, Other, Vinyl, Wood
- Number Of Units:
- 28.00
- Siding:
- Other (see Remarks), Painted
- Type Of Roof:
- Comp Shingle, Other (see Remarks)
- Year Built:
- 1996
- Adjusted Gross Income:
- 498700.00
- Net Operating Income:
- 373369.00
- Operating Expense:
- 125889.00
- Conforms To Zoning:
- Pad
- Community Features:
- See Remarks
- Included In Sale:
- Land & Building, Laundry Equipment, Other (see Remarks), Personal Property, Pool Equipment
- Terms:
- 1031 Exchange, Conventional, Ctl
- Owner Pays:
- See Remarks
- Property Taxes:
- $1,559
- Tenant Pays:
- Other (see Remarks)
- Covered Parking Spaces:
- 7.00
- Parking Description:
- Other (see Remarks)
- Parking Spaces:
- 14.00
- Appliances:
- Other (see Remarks)
- Cooling System:
- See Remarks
- Electricity:
- Other (see Remarks)
- Existing Water:
- See Remarks
- Gas:
- Other (see Remarks)
- Heating:
- See Remarks
- Sewage Type:
- Other (see Remarks)
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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.
