Description
Turn key investment portfolio in the highly sought after city of Tempe. Offering 14 hand curated and exceptional short term rental properties that have over $2m in renovation and remodeling costs. The in place operations offer continued stability and favorable operational costs. Financials available on request with appropriate proof of funds.
This is a unique offering to purchase a stable portfolio of homes in the exceedingly strong and sought-after Arizona housing market and one of its most desired neighborhoods, Tempe. 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. In recent years, Tempe has benefited from transformational investment that has dramatically increased the residential population and generated a rich array of restaurants, retail, events and entertainment venues. The immediate area highlights include: Arizona State University (±70,000 students), Tempe Town Lake (urban waterfront property with employment anchors of State Farm Insurance, Carvana & KPMG), Old Town Scottsdale (world class restaurants, shops, nightclubs and art galleries) and SkySong (Innovation and Technology Center with 1.2 million square feet at build-out).
This is a bulk sale, the following parcel's are included - 129-19-014, 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-A, 133-38-155, 133-39-273, 133-36-533, 124-74-123
Location
Courtesy of: North & Co The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the Russ Lyon Sotheby's International Realty. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 26th January, 2023 10:34 PM (UTC)
