7702 E THOMAS Road

Scottsdale, AZ, 85251

$21,300,000

$21,300,000
Active
Active
 - For Sale
property_type
Multi-family
calendar
Built 1956
We are pleased to present for sale a hand-curated residential real estate portfolio consisting of 26 newly-remodeled single family homes that are currently operating as short and long term rental properties in vibrant Phoenix Arizona. With over $3.6M in renovation and remodeling costs, this portfolio has an average dwelling size of 1,925 Sq Ft with all homes fully furnished and supplied. All of the homes were remodeled in 2022 and upon acquisition, the seller deployed the necessary capital to improve the homes, including kitchen and bath remodels, landscaping, pools (where applicable), new roofs, and other improvements as needed. Geographically, 14 homes are located within the City of Tempe, 3 are in Scottsdale, 7 are in the East Valley and 2 are in Glendale.This is a unique offering to purchase a stable portfolio of homes in the exceedingly strong and sought-after Greater Phoenix housing market and its most desired neighborhoods like Scottsdale, Tempe, Glendale and the East Valley, each property boasts close proximity to the most popular points of interest within each geographical location; This offering has immediate cash flow and revenue growth built in. With over 40% of households in Metropolitan Phoenix being renter-occupied, making this a perfect opportunity for short or long term rental models. The in place operations offer continued stability and favorable operational costs. In recent years, Phoenix and its core neighborhoods have 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 neighborhoods also offer an abundance of history dating back to the development of Metro Phoenix and feature historic landmarks, plentiful hiking trails, architecturally notable buildings, lush resorts and world renowned golf courses. This is a bulk sale the following parcel's are included - 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, 133-38-155, 133-39-273, 133-36-533, 124-74-123, 175-70-052, 167-08-062, 129-19-014 , 303-30-199, 304-88-551, 509-02-675, 509-94-657, 304-68-470, 314-02-485, 314-02-544, 148-19-231, 231-07-668
MLS® ID:
6508073
Updated:
1/27/23
Firemark Real Estate
Meghan Mizrahi

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
Furnished
Cooling
2 or More Units, See Remarks
Heating
Electric, See Remarks

Exterior/Building Features

Lot Size
26 ft² lot
Exterior Features
Cable TV Available, Desert Landscaping, Green Landscaping, Other (See Remarks)
Roof
Comp Shingle, Other (See Remarks), Tile
Sewer
Sewer - Public

School Information

High School
Coronado High School
Middle/Jr High
Mohave Middle School
Elementary School
Pima Elementary School

Other Property Details

Taxes
$1152
Tax Frequency
per YEAR
Garage
Yes
Parking
Carport, Garage, Other (See Remarks), Street Parking
Parking Total
52.0
View
N
County
Maricopa
Water Source
City Franchise
Pool
No
Zoning
Residential

Property History

Date
Event
Price
Value
1/20/23
Price Change
$21,300,000
107%

Courtesy of North & Co, John Richie

Listing Contact:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Meghan Mizrahi shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data Last Updated: 9:01 AM UTC, 1/27/23.

Firemark Real Estate
Meghan Mizrahi
Contact