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
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School Ratings & Info
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
© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-02-02T00:42:37.33.