Description
Turn key investment portfolio in the highly sought after city of Glendale. Offering 2 hand curated and exceptional short term rental properties that have over $250k 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 its hottest neighborhoods, Glendale. 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.In recent years, Glendale 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 surrounding neighborhood includes Glendale Entertainment District, brand new Tesla Service Center and the NFL Cardinals State Farm Stadium. 23 new residential developments are currently under construction in the area (over 4,000 new homes) and over 100,000 residents. This is a bulk sale, the following parcel's are included - 148-19-231, 231-07-668
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01/2 BATHS
School Information
Description
Turn key investment portfolio in the highly sought after city of Glendale. Offering 2 hand curated and exceptional short term rental properties that have over $250k 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 its hottest neighborhoods, Glendale. 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.In recent years, Glendale 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 surrounding neighborhood includes Glendale Entertainment District, brand new Tesla Service Center and the NFL Cardinals State Farm Stadium. 23 new residential developments are currently under construction in the area (over 4,000 new homes) and over 100,000 residents. This is a bulk sale, the following parcel's are included - 148-19-231, 231-07-668
© 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.