101080 Home Sfr PortfolioPhoenix, AZ 85037

Property Details for 101080 Home Sfr Portfolio

Year built

2002

Property size (Sq ft)

25,954 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional multifamily investment opportunity consists of a portfolio of four single-family rental homes located in Phoenix, Arizona, totaling 25,954 square feet on a 93,653 square foot lot. Built in 2002 and renovated in 2012, the property boasts a 100% occupancy rate, generating a current NOI of $266,718 and a pro-forma NOI of $272,325. The asking price is $7,070,000, representing a current cap rate of 3.77% and a pro-forma cap rate of 3.85%. Each unit offers significant value at $1,767,500. The property features a fee simple ownership structure and benefits from a price per square foot of $272.41. This cash-flow investment presents a compelling opportunity for institutional investors seeking a stable and high-performing asset in a desirable location. The property's strong performance metrics, coupled with its prime location in Phoenix, AZ, make it an attractive addition to any diversified real estate portfolio. The portfolio's solid occupancy rate and recent renovations minimize deferred maintenance, ensuring a smooth transition for the new owner. This is a turnkey investment ready for immediate income generation. The property is located in Maricopa County, Arizona, with a zip code of 85037.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4895

Longitude

-112.256

FAQs

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